Market data updated Jul 1, 2026

California Average Rent & Rental Yield

Screen California rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.

5.50%
Gross Rental Yield
$3,500
Median Rent
$839,400
Avg Home Value
12.5K
Transactions (30d)

Average rent in California

The median asking rent in California is $3,500 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.

Against an average home value of $839,400, that rent level prices California at a 5.50% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual California markets.

Rental yield snapshot for California

Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.

$680,000
Median Sale Price
45.0K
Active Listings
29
Avg Days on Market
2.8
Months of Supply
15.20%
Price Reduced
Jul 1, 2026
Market Data Date

Metro market heatmap

Featured metros combine the largest California markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.

Browse California investors

California metro market heatmap

Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.

Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
Metro
Gross Yield
Median Rent
Los Angeles-Long Beach-Anaheim, CA
CA
4.91%
$4,445
Riverside-San Bernardino-Ontario, CA
CA
6.44%
$3,100
San Francisco-Oakland-Fremont, CA
CA
4.53%
$4,100
San Diego-Chula Vista-Carlsbad, CA
CA
5.23%
$4,200
Sacramento-Roseville-Folsom, CA
CA
6.07%
$2,800
Bakersfield-Delano, CA
CA
7.40%
$2,250
Clearlake, CA
CA
8.13%
$1,998
Redding, CA
CA
7.14%
$2,195
Hanford-Corcoran, CA
CA
7.26%
$2,200
Red Bluff, CA
CA
8.01%
$1,750
Susanville, CA
CA
10.34%
$1,500
Crescent City, CA
CA
7.85%
$2,000

All California rental markets

Average rent and rental yield reports for every covered California metro (34 markets).

Turn California rental signals into a target list

Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.