Chico
California · Ranked #288 of 373 metros
54Moderate
💡
Housing in Chico costs 6.65× the median income, above the national average of 4.5×. The median home price is $421K and median rent is $1,434/month. Chico ranks #288 of 373 metros for affordability.
Median Home Price
🏠$421K
Need $124K income
Median Rent
🔑$1,434
Need $57K income
Building Permits
🔨946
annual
Median Income
💰$63K
Pop: 218,286
Rent Burden
⚠️35.5%
of renters paying >30%
Homeownership
🏡57.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Chico | National |
|---|---|---|
| Price-to-Income Ratio | 6.65x | 6.1x |
| Rent Burden | 35.5% | 31.5% |
| Homeownership Rate | 57.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +27.5%Since 2000: +200.3%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,155/mo
1 Bedroom$1,270/mo
2 Bedroom$1,625/mo
3 Bedroom$2,260/mo
4 Bedroom$2,726/mo
Zillow Market Data
Home Value (ZHVI)
$397K
1yr: +0.7%5yr: +6.8%
Rent (ZORI)
$1,604/mo
1yr: +3.3%5yr: +22.5%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$415K
Active Inventory
447
Days on Market
64
Sold Above List
24.3%
Price Drops
21.5%