Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Yuba City | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $414,341 | $642,203 | $242,182 |
| Price Trend (Annual %) | 21.1% | 10.0% | 8.2% |
| Median Gross Rent | $1,330 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yuba City is about 35% lower than in California. Rent is about 32% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Yuba City, up about 21.1% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Yuba City rose about 54.5% between 2015 and 2023, from $861 to $1,330. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Yuba City.
Buying the median-priced home in Yuba City costs roughly 26.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Yuba City. The price-to-rent ratio in California is about 27.4.
| Metric | Yuba City | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $414,341 | $642,203 | $242,182 |
| Median Household Income | $66,069 | $96,718 | $78,145 |
| Price-to-Income Ratio | 6.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yuba City rose about 180.2%, while median household income rose about 51.5% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Yuba City | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.3% | 51.6% | 58.2% |
| Rental Rate | 49.3% | 40.9% | 31.3% |
| Vacancy Rate | 3.4% | 7.6% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Yuba City has a homeownership rate of 47.3%, lower than the California average of 51.6%. Its housing vacancy rate is 3.4%, compared with 7.6% in California.
Housing Stock
| Metric | Yuba City | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Yuba City was built around 1982. On average, 2.8 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yuba City, California.
What is the median home price in Yuba City, California?
The median home price in Yuba City, California is $414,341, lower than the California average of $642,203.
What is the average home price in Yuba City, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Yuba City, California?
The median gross rent in Yuba City, California is $1,330 per month, lower than the California average of $1,955.
What was the median gross rent in Yuba City in 2020?
In 2020, the median gross rent in Yuba City, California was $1,051 per month.
What is the price-to-rent ratio in Yuba City, California?
The price-to-rent ratio in Yuba City, California is about 26.0, meaning it would take roughly 26.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Yuba City.
Are home prices or rent rising faster in Yuba City, California?
Both home prices and rent are rising in Yuba City, up about 21.1% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yuba City, California?
47.3% of households in Yuba City, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Yuba City, California?
The housing vacancy rate in Yuba City, California is 3.4%, lower than the California average of 7.6%.