Stockton, CA
San Joaquin County ยท Pop. 320,804
Ranked #170 of 243 cities
32Crisis
Median Home Price
๐$430K
4.5% YoY
Median Rent
๐$1,550
3.5% YoY
Median Income
๐ฐ$55K
Rent Burden
๐34.5%
% of income to rent
Income to Buy
๐ฆ$124K
annual income needed
Income to Rent
๐$62K
annual income needed
Price-to-Income
โ๏ธ7.8x
Homeownership
๐ก48.0%
Rent vs. Buy
Buy
$2,289/mo
Est. mortgage (7%, 20% down)
Need $124K/yr income
Rent
$1,550/mo
Median rent
Need $62K/yr income
How Stockton Compares
| Metric | Stockton | California | National |
|---|---|---|---|
| Home Price | $430K | $726K | $410K |
| Rent | $1,550 | $1,992 | $1,500 |
| Income | $55K | $96K | $75K |
| Rent Burden | 34.5% | 40.5% | 30.0% |
Key Takeaways
- โข Home prices in Stockton are 5% higher than the national average.
- โข Rent is 3% higher than the national average.
- โข You need an income of $124K to comfortably buy a home here.
- โข The homeownership rate is 48.0%, compared to 65.0% nationally.