Vallejo, CA—94591
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vallejo, CA
As of Oct '25, the median home price in Vallejo, CA is $588,000, with a year-over-year change of -4.0%. This indicates that home prices in Vallejo, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $588,000 | -4.0% |
| Single Family | $599,000 | -4.0% |
| Condos | $398,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $412,000 | -6.2% |
3 Bed | $534,000 | -5.0% |
4 Bed | $665,000 | -3.8% |
| 5 Bed | $732,000 | -4.6% |
% of Housing Stock
Rental Trends — Vallejo, CA
As of July '25, Rentcast reports the average rent in Vallejo, CA is $2,670, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Vallejo, CA is studios: $1,580, 1-bedrooms: $1,660, 2-bedrooms: $2,150, 3-bedrooms: $3,000, 4-bedrooms: $3,800. The most common rental property sizes in Vallejo, CA are 2-bedroom and 3-bedroom, accounting for 31.0% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,580 | $2,670 |
| Studio Rent | $1,400 | $1,580 |
| 1 Bed Rent | $1,560 | $1,660 |
| 2 Bed Rent | $2,150 | $2,150 |
| 3 Bed Rent | $3,070 | $3,000 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Vallejo, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Vallejo, CA is 60. This is a increase of 16.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | 2.0% |
Listing Count | 170 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 60 | 16.0% |
Demographics — Vallejo, CA
As of the latest ACS Survey released in 2023, Vallejo, CA has a population of 58,500, which has increased by 5.8% over the past 5 years. Vallejo, CA is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,500 | 5.8% |
% Under 18 | 20.2% | 5.8% |
% Seniors | 17.3% | 6.1% |
% WFH | 10.5% | 156.1% |
% w/ College Degree | 30.9% | 1.3% |
As of the latest ACS Survey released in 2023, Vallejo, CA is a predominantly asian area, with 28.7% of the population identifying as asian. The asian population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Vallejo, CA is hispanic, making up 24.2% of the population. Foreign-born residents account for 26.2% of the population in Vallejo, CA, and this percentage has decreased by 0.4% 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 | 22.8% | -15.2% |
% Black | 15.6% | -3.7% |
% Hispanic | 24.2% | 20.4% |
% Asian | 28.7% | -7.1% |
% Foreign Born | 26.2% | -0.4% |
Mortgage and Risk — Vallejo, CA
According to HUD data as of 2023, there were 659 mortgage originations in Vallejo, CA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Vallejo, 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 | 659 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Vallejo, CA
As of 2024, the percent of homes in Vallejo, CA under the Section 8 program is 8.8%. 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 Vallejo, 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 | 592 |
Total Units Section 8 | 592 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 59.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,560 | $1,990 |
| 2 Bedroom | $390 | $2,150 | $2,540 |
| 3 Bedroom | $320 | $3,070 | $3,390 |
| 4 Bedroom | $50 | $3,800 | $3,850 |
Affordability — Vallejo, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $588,000 |
| Median Household Income | $108,000 |