Phelan, CA—92371
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phelan, CA
As of Oct '25, the median home price in Phelan, CA is $459,000, with a year-over-year change of 0.2%. This indicates that home prices in Phelan, CA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $459,000 | 0.2% |
| Single Family | $459,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $266,000 | 3.1% |
2 Bed | $339,000 | 0.9% |
3 Bed | $432,000 | -0.2% |
4 Bed | $527,000 | -0.8% |
| 5 Bed | $601,000 | -0.3% |
% of Housing Stock
Rental Trends — Phelan, CA
As of July '25, Rentcast reports the average rent in Phelan, CA is $2,340, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Phelan, CA is 2-bedrooms: $2,130, 3-bedrooms: $2,360, 4-bedrooms: $2,850. The most common rental property sizes in Phelan, CA are 3-bedroom and 2-bedroom, accounting for 51.5% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,130 |
| 3 Bed Rent | $2,200 | $2,360 |
| 4 Bed Rent | $2,850 | $2,850 |
% of Rental Stock
Property Listings — Phelan, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Phelan, CA is 69. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $535,000 | 5.0% |
Listing Count | 83 | 10.0% |
| Listings as % of Homes | 1.2% | 10.0% |
Days on Market | 69 | 36.0% |
Demographics — Phelan, CA
As of the latest ACS Survey released in 2023, Phelan, CA has a population of 21,700, which has increased by 21.2% over the past 5 years. Phelan, CA is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,700 | 21.2% |
% Under 18 | 27.8% | 5.7% |
% Seniors | 10.4% | -22.4% |
% WFH | 10.9% | 159.5% |
% w/ College Degree | 11.7% | 15.8% |
As of the latest ACS Survey released in 2023, Phelan, CA is a predominantly hispanic area, with 47.3% of the population identifying as hispanic. The hispanic population has grown by 27.5% in the last 5 years. The second most common race or ethnicity in Phelan, CA is white, making up 45.1% of the population. Foreign-born residents account for 12.8% of the population in Phelan, CA, and this percentage has increased by 6.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.1% | -19.6% |
% Black | 0.7% | -53.3% |
% Hispanic | 47.3% | 27.5% |
% Asian | 2.9% | 0.0% |
% Foreign Born | 12.8% | 6.7% |
Mortgage and Risk — Phelan, CA
According to HUD data as of 2023, there were 110 mortgage originations in Phelan, CA, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Phelan, CA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Phelan, CA
Phelan, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,630 |
| 2 Bedroom | $30 | $2,000 | $2,030 |
| 3 Bedroom | $510 | $2,200 | $2,710 |
| 4 Bedroom | $450 | $2,850 | $3,300 |
Affordability — Phelan, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $459,000 |
| Median Household Income | $78,800 |