Petaluma, CA—94954
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Petaluma, CA
Home Price Trends — Petaluma, CA
As of Oct '25, the median home price in Petaluma, CA is $821,000, with a year-over-year change of -3.5%. This indicates that home prices in Petaluma, CA are decreasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $821,000 | -3.6% |
| Single Family | $837,000 | -3.7% |
| Condos | $596,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $596,000 | -4.5% |
3 Bed | $766,000 | -3.9% |
4 Bed | $891,000 | -3.6% |
| 5 Bed | $1,102,000 | -2.2% |
% of Housing Stock
Rental Trends — Petaluma, CA
As of July '25, Rentcast reports the average rent in Petaluma, CA is $3,010, with a year-over-year rent change of -14.5%. Per bedroom, the median rent as of July '25 in Petaluma, CA is studios: $2,040, 1-bedrooms: $2,390, 2-bedrooms: $2,910, 3-bedrooms: $3,690, 4-bedrooms: $4,130. The most common rental property sizes in Petaluma, CA are 2-bedroom and 1-bedroom, accounting for 31.7% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,010 |
| Studio Rent | $2,040 | $2,040 |
| 1 Bed Rent | $2,350 | $2,390 |
| 2 Bed Rent | $2,900 | $2,910 |
| 3 Bed Rent | $3,500 | $3,690 |
| 4 Bed Rent | $4,250 | $4,130 |
% of Rental Stock
Property Listings — Petaluma, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Petaluma, CA is 51. This is a increase of 29.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $898,000 | 3.0% |
Listing Count | 66 | 30.0% |
| Listings as % of Homes | 0.2% | 30.0% |
Days on Market | 51 | 29.0% |
Demographics — Petaluma, CA
As of the latest ACS Survey released in 2023, Petaluma, CA has a population of 38,000, which has decreased by -1.1% over the past 5 years. Petaluma, CA is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,000 | -1.1% |
% Under 18 | 18.3% | -16.4% |
% Seniors | 20.2% | 18.1% |
% WFH | 17.4% | 120.3% |
% w/ College Degree | 36.9% | 3.9% |
As of the latest ACS Survey released in 2023, Petaluma, CA is a predominantly white area, with 64.1% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Petaluma, CA is hispanic, making up 22.9% of the population. Foreign-born residents account for 16.9% of the population in Petaluma, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.1% | -5.0% |
% Black | 1.5% | 50.0% |
% Hispanic | 22.9% | 9.6% |
% Asian | 4.4% | -27.9% |
% Foreign Born | 16.9% | 0.0% |
Mortgage and Risk — Petaluma, CA
According to HUD data as of 2023, there were 463 mortgage originations in Petaluma, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Petaluma, CA. Investor activity is low, as 2.0% 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 | 463 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Petaluma, CA
As of 2024, the percent of homes in Petaluma, CA under the Section 8 program is 7.1%. 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 Petaluma, 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 | 436 |
Total Units Section 8 | 350 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $2,350 | $2,570 |
| 2 Bedroom | $470 | $2,900 | $3,370 |
| 3 Bedroom | $1,100 | $3,500 | $4,600 |
| 4 Bedroom | $620 | $4,250 | $4,870 |
Affordability — Petaluma, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $821,000 |
| Median Household Income | $108,000 |