Tracy, CA—95377
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tracy, CA
As of Oct '25, the median home price in Tracy, CA is $768,000, with a year-over-year change of -4.5%. This indicates that home prices in Tracy, CA are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $768,000 | -4.5% |
| Single Family | $768,000 | -4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $669,000 | -5.2% |
3 Bed | $662,000 | -4.7% |
4 Bed | $767,000 | -5.0% |
| 5 Bed | $831,000 | -5.0% |
% of Housing Stock
Rental Trends — Tracy, CA
As of July '25, Rentcast reports the average rent in Tracy, CA is $2,930, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Tracy, CA is studios: $1,560, 1-bedrooms: $2,220, 2-bedrooms: $2,640, 3-bedrooms: $3,090, 4-bedrooms: $3,210. The most common rental property sizes in Tracy, CA are 4-bedroom and 3-bedroom, accounting for 34.0% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,980 | $2,930 |
| Studio Rent | $1,500 | $1,560 |
| 1 Bed Rent | $2,230 | $2,220 |
| 2 Bed Rent | $2,490 | $2,640 |
| 3 Bed Rent | $3,000 | $3,090 |
| 4 Bed Rent | $3,200 | $3,210 |
% of Rental Stock
Property Listings — Tracy, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Tracy, CA is 52. This is a increase of 33.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | -2.0% |
Listing Count | 114 | 61.0% |
| Listings as % of Homes | 0.5% | 61.0% |
Days on Market | 52 | 33.0% |
Demographics — Tracy, CA
As of the latest ACS Survey released in 2023, Tracy, CA has a population of 36,200, which has increased by 11.3% over the past 5 years. Tracy, CA is a popular place for families, as children make up 26.6% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,200 | 11.3% |
% Under 18 | 26.6% | -7.6% |
% Seniors | 10.6% | 39.5% |
% WFH | 17.2% | 341.0% |
% w/ College Degree | 34.1% | 14.0% |
As of the latest ACS Survey released in 2023, Tracy, CA is a predominantly asian area, with 34.0% of the population identifying as asian. The asian population has grown by 30.3% in the last 5 years. The second most common race or ethnicity in Tracy, CA is hispanic, making up 29.9% of the population. Foreign-born residents account for 33.2% of the population in Tracy, CA, and this percentage has increased by 12.9% 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 | 23.6% | -30.0% |
% Black | 6.6% | 37.5% |
% Hispanic | 29.9% | 2.7% |
% Asian | 34.0% | 30.3% |
% Foreign Born | 33.2% | 12.9% |
Mortgage and Risk — Tracy, CA
According to HUD data as of 2023, there were 503 mortgage originations in Tracy, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Tracy, CA. Investor activity is low, as 3.0% 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 | 503 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Tracy, CA
As of 2024, the percent of homes in Tracy, CA under the Section 8 program is 3.0%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Tracy, CA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 102 |
Total Units Section 8 | 102 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,230 | $2,040 |
| 2 Bedroom | $110 | $2,490 | $2,600 |
| 3 Bedroom | $640 | $3,000 | $3,640 |
| 4 Bedroom | $1,170 | $3,200 | $4,370 |
Affordability — Tracy, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $768,000 |
| Median Household Income | $156,000 |