Chico, CA—95928
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chico, CA
As of Oct '25, the median home price in Chico, CA is $454,000, with a year-over-year change of 0.6%. This indicates that home prices in Chico, CA are flat. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $454,000 | 0.6% |
| Single Family | $461,000 | 0.9% |
| Condos | $265,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | 4.4% |
2 Bed | $314,000 | 0.6% |
3 Bed | $462,000 | 0.9% |
4 Bed | $589,000 | 1.9% |
| 5 Bed | $671,000 | 0.4% |
% of Housing Stock
Rental Trends — Chico, CA
As of July '25, Rentcast reports the average rent in Chico, CA is $1,650, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Chico, CA is studios: $1,030, 1-bedrooms: $1,230, 2-bedrooms: $1,480, 3-bedrooms: $1,940, 4-bedrooms: $2,130. The most common rental property sizes in Chico, CA are 2-bedroom and 3-bedroom, accounting for 38.1% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,650 |
| Studio Rent | $950 | $1,030 |
| 1 Bed Rent | $1,250 | $1,230 |
| 2 Bed Rent | $1,470 | $1,480 |
| 3 Bed Rent | $1,900 | $1,940 |
| 4 Bed Rent | $1,850 | $2,130 |
% of Rental Stock
Property Listings — Chico, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chico, CA is 54. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $518,000 | -8.0% |
Listing Count | 93 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 54 | -19.0% |
Demographics — Chico, CA
As of the latest ACS Survey released in 2023, Chico, CA has a population of 37,500, which has remained stable by -0.1% over the past 5 years. Chico, CA is a moderately popular place for families, as children make up 16.6% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,500 | -0.1% |
% Under 18 | 16.6% | -3.5% |
% Seniors | 15.7% | 16.3% |
% WFH | 11.5% | 144.7% |
% w/ College Degree | 41.4% | 0.0% |
As of the latest ACS Survey released in 2023, Chico, CA is a predominantly white area, with 67.8% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Chico, CA is hispanic, making up 20.2% of the population. Foreign-born residents account for 8.3% of the population in Chico, CA, and this percentage has decreased by 12.6% 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 | 67.8% | -3.8% |
% Black | 1.6% | -20.0% |
% Hispanic | 20.2% | 12.8% |
% Asian | 3.7% | -26.0% |
% Foreign Born | 8.3% | -12.6% |
Mortgage and Risk — Chico, CA
According to HUD data as of 2023, there were 324 mortgage originations in Chico, CA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Chico, CA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 324 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Chico, CA
As of 2024, the percent of homes in Chico, CA under the Section 8 program is 7.6%. 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 Chico, CA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 936 |
Total Units Section 8 | 720 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,250 | $1,140 |
| 2 Bedroom | $10 | $1,470 | $1,480 |
| 3 Bedroom | $170 | $1,900 | $2,070 |
| 4 Bedroom | $640 | $1,850 | $2,490 |
Affordability — Chico, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $454,000 |
| Median Household Income | $65,400 |