Benicia, CA—94510
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Benicia, CA
As of Oct '25, the median home price in Benicia, CA is $771,000, with a year-over-year change of -0.6%. This indicates that home prices in Benicia, CA are flat. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $771,000 | -0.6% |
| Single Family | $804,000 | -0.5% |
| Condos | $462,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $327,000 | -2.4% |
2 Bed | $523,000 | 0.6% |
3 Bed | $737,000 | -0.8% |
4 Bed | $877,000 | -0.2% |
| 5 Bed | $1,114,000 | -0.1% |
% of Housing Stock
Rental Trends — Benicia, CA
As of July '25, Rentcast reports the average rent in Benicia, CA is $2,840, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Benicia, CA is studios: $2,110, 1-bedrooms: $2,030, 2-bedrooms: $2,550, 3-bedrooms: $3,440, 4-bedrooms: $4,070. The most common rental property sizes in Benicia, CA are 2-bedroom and 3-bedroom, accounting for 49.4% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,840 |
| Studio Rent | $1,750 | $2,110 |
| 1 Bed Rent | $1,900 | $2,030 |
| 2 Bed Rent | $2,600 | $2,550 |
| 3 Bed Rent | $3,500 | $3,440 |
| 4 Bed Rent | $3,900 | $4,070 |
% of Rental Stock
Property Listings — Benicia, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Benicia, CA is 51. This is a increase of 22.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $798,000 | 11.0% |
Listing Count | 85 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 51 | 22.0% |
Demographics — Benicia, CA
As of the latest ACS Survey released in 2023, Benicia, CA has a population of 26,900, which has decreased by -4.9% over the past 5 years. Benicia, CA is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 45.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,900 | -4.9% |
% Under 18 | 20.7% | 1.0% |
% Seniors | 22.1% | 14.5% |
% WFH | 20.9% | 226.6% |
% w/ College Degree | 45.6% | 5.1% |
As of the latest ACS Survey released in 2023, Benicia, CA is a predominantly white area, with 59.6% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Benicia, CA is hispanic, making up 15.2% of the population. Foreign-born residents account for 13.8% of the population in Benicia, CA, and this percentage has increased by 11.3% 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 | 59.6% | -6.3% |
% Black | 3.5% | -39.7% |
% Hispanic | 15.2% | 15.2% |
% Asian | 12.0% | 4.3% |
% Foreign Born | 13.8% | 11.3% |
Mortgage and Risk — Benicia, CA
According to HUD data as of 2023, there were 436 mortgage originations in Benicia, CA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Benicia, CA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 436 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Benicia, CA
As of 2024, the percent of homes in Benicia, CA under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Benicia, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 451 |
Total Units Section 8 | 376 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,900 | $2,200 |
| 2 Bedroom | $210 | $2,600 | $2,810 |
| 3 Bedroom | $250 | $3,500 | $3,750 |
| 4 Bedroom | $350 | $3,900 | $4,250 |
Affordability — Benicia, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $771,000 |
| Median Household Income | $125,000 |