Phelan, CA 92371 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Phelan, CA—92371

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$459,000

0.4% YoY Growth

Household Income

$78,800

42.8% YoY Growth

Days on Market

27.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$2,200

4.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,000

57.8% YoY Growth

3-Bed Rent

$2,200

0.9% YoY Growth

Home Price Trends — Phelan, CA

As of Nov '25, the median home price in Phelan, CA is $459,000, with a year-over-year change of -0.4%. This indicates that home prices in Phelan, CA are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$459,000	-0.4%
Single Family	$459,000	-0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

9.4%

1 Bedroom

5.9%

2 Bedrooms

21.7%

3 Bedrooms

51.5%

4 Bedrooms

7.7%

5+ Bedrooms

3.8%

Property Listings — Phelan, CA

As of Nov '25, Realtor.com reports that the median days on market for a home in Phelan, CA is 66. This is a increase of 27.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$549,000	7.0%
Listing Count	82	-1.0%
Listings as % of Homes	1.2%	-1.0%
Days on Market	66	27.0%

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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%

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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%

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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%

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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

Phelan, CA—92371

Key Metrics at a Glance

Home Price Trends — Phelan, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Phelan, CA

% of Rental Stock

Property Listings — Phelan, CA

Demographics — Phelan, CA

Race and Ethnicity

Mortgage and Risk — Phelan, CA

Mortgages

Rentals and Section 8 — Phelan, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Phelan, CA

Home Price to Income Ratio

Phelan, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Pinon Hills, CA

Victorville, CA

Hesperia, CA

Wrightwood, CA

Lytle Creek, CA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.6
Median Home Price	$459,000
Median Household Income	$78,800

Phelan, CA—92371

Key Metrics at a Glance

Home Price Trends — Phelan, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Phelan, CA

% of Rental Stock

Property Listings — Phelan, CA

Demographics — Phelan, CA

Race and Ethnicity

Mortgage and Risk — Phelan, CA

Mortgages

Rentals and Section 8 — Phelan, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Phelan, CA

Home Price to Income Ratio

Phelan, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Pinon Hills, CA

Victorville, CA

Hesperia, CA

Wrightwood, CA

Lytle Creek, CA

Frequently Asked Questions

What is the average home price in Phelan, CA 92371?

How have home prices in Phelan, CA 92371 changed over the past year?

What is the home price projection for Phelan, CA 92371?

What are the demographics of Phelan, CA 92371?

How long does it take homes to sell in Phelan, CA 92371?

What is the average rent price in Phelan, CA 92371?