Hanford, CA—93230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hanford, CA
As of Oct '25, the median home price in Hanford, CA is $373,000, with a year-over-year change of 2.0%. This indicates that home prices in Hanford, CA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $373,000 | 2.0% |
| Single Family | $373,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $253,000 | 2.0% |
3 Bed | $356,000 | 2.0% |
4 Bed | $441,000 | 1.6% |
| 5 Bed | $519,000 | 1.4% |
% of Housing Stock
Rental Trends — Hanford, CA
As of July '25, Rentcast reports the average rent in Hanford, CA is $1,990, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Hanford, CA is 1-bedrooms: $1,280, 2-bedrooms: $1,450, 3-bedrooms: $2,170, 4-bedrooms: $2,610. The most common rental property sizes in Hanford, CA are 3-bedroom and 2-bedroom, accounting for 36.5% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,280 |
| 2 Bed Rent | $1,400 | $1,450 |
| 3 Bed Rent | $2,200 | $2,170 |
| 4 Bed Rent | $2,600 | $2,610 |
% of Rental Stock
Property Listings — Hanford, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hanford, CA is 47. This is a increase of 13.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | 7.0% |
Listing Count | 181 | 8.0% |
| Listings as % of Homes | 0.8% | 8.0% |
Days on Market | 47 | 13.0% |
Demographics — Hanford, CA
As of the latest ACS Survey released in 2023, Hanford, CA has a population of 69,100, which has increased by 3.5% over the past 5 years. Hanford, CA is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 69,100 | 3.5% |
% Under 18 | 28.2% | 0.4% |
% Seniors | 13.3% | 9.0% |
% WFH | 6.4% | 146.2% |
% w/ College Degree | 17.0% | -4.5% |
As of the latest ACS Survey released in 2023, Hanford, CA is a predominantly hispanic area, with 52.0% of the population identifying as hispanic. The hispanic population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Hanford, CA is white, making up 35.3% of the population. Foreign-born residents account for 17.0% of the population in Hanford, CA, and this percentage has increased by 5.6% 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 | 35.3% | -8.5% |
% Black | 5.6% | 9.8% |
% Hispanic | 52.0% | 4.8% |
% Asian | 3.2% | -28.9% |
% Foreign Born | 17.0% | 5.6% |
Mortgage and Risk — Hanford, CA
According to HUD data as of 2023, there were 920 mortgage originations in Hanford, CA, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Hanford, CA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 920 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hanford, CA
As of 2024, the percent of homes in Hanford, CA under the Section 8 program is 6.9%. 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 Hanford, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 754 |
Total Units Section 8 | 602 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,250 | $1,120 |
| 2 Bedroom | $0 | $1,400 | $1,400 |
| 3 Bedroom | -$240 | $2,200 | $1,960 |
| 4 Bedroom | -$250 | $2,600 | $2,350 |
Affordability — Hanford, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $373,000 |
| Median Household Income | $73,600 |