Larkspur, CA—94939
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Larkspur, CA
As of Oct '25, the median home price in Larkspur, CA is $2,037,000, with a year-over-year change of -5.7%. This indicates that home prices in Larkspur, CA are decreasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,037,000 | -5.7% |
| Single Family | $2,341,000 | -5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,063,000 | -7.0% |
3 Bed | $2,133,000 | -5.3% |
4 Bed | $2,866,000 | -4.8% |
| 5 Bed | $3,538,000 | -4.3% |
% of Housing Stock
Rental Trends — Larkspur, CA
As of July '25, Rentcast reports the average rent in Larkspur, CA is $4,810, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Larkspur, CA is studios: $2,480, 1-bedrooms: $2,610, 2-bedrooms: $5,130, 3-bedrooms: $9,580, 4-bedrooms: $10,000. The most common rental property sizes in Larkspur, CA are 1-bedroom and 2-bedroom, accounting for 42.3% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $4,810 |
| Studio Rent | $2,480 | $2,480 |
| 1 Bed Rent | $3,000 | $2,610 |
| 2 Bed Rent | $5,600 | $5,130 |
| 3 Bed Rent | $9,200 | $9,580 |
| 4 Bed Rent | $10,000 | $10,000 |
% of Rental Stock
Property Listings — Larkspur, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Larkspur, CA is 31. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,040,000 | 20.0% |
Listing Count | 13 | -24.0% |
| Listings as % of Homes | 0.2% | -24.0% |
Days on Market | 31 | -36.0% |
Demographics — Larkspur, CA
As of the latest ACS Survey released in 2023, Larkspur, CA has a population of 7,370, which has increased by 3.7% over the past 5 years. Larkspur, CA is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 76.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,370 | 3.7% |
% Under 18 | 18.6% | -2.1% |
% Seniors | 20.3% | -6.5% |
% WFH | 31.4% | 137.9% |
% w/ College Degree | 76.2% | 0.0% |
As of the latest ACS Survey released in 2023, Larkspur, CA is a predominantly white area, with 79.7% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Larkspur, CA is hispanic, making up 5.5% of the population. Foreign-born residents account for 12.5% of the population in Larkspur, CA, and this percentage has decreased by 8.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.7% | -6.7% |
% Black | 0.7% | 133.3% |
% Hispanic | 5.5% | -3.5% |
% Asian | 4.4% | 10.0% |
% Foreign Born | 12.5% | -8.1% |
Mortgage and Risk — Larkspur, CA
According to HUD data as of 2023, there were 79 mortgage originations in Larkspur, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Larkspur, CA. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Larkspur, CA
As of 2024, the percent of homes in Larkspur, CA under the Section 8 program is 6.4%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Larkspur, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 121 |
Total Units Section 8 | 121 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $3,000 | $3,120 |
| 2 Bedroom | -$1,880 | $5,600 | $3,720 |
| 3 Bedroom | -$4,560 | $9,200 | $4,640 |
| 4 Bedroom | -$5,070 | $10,000 | $4,930 |
Affordability — Larkspur, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.5 |
| Median Home Price | $2,037,000 |
| Median Household Income | $183,000 |