Chico housing market
Typical home value
$394K
▲ 0.2% 1 yr
Typical rent
$1,549/mo
▲ 2.1% 1 yr
12-month forecast
−0.7%
#504 of 546 metros
Gross rent yield
4.7%
#442 of 546 · U.S. 6.3%
Days to pending
51 days
■ 0 days 1 yr
Listings with a price cut
27%
▲ +0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $394,069, up 0.2% in a year and up 0% over five years.
- 2Zillow forecasts home values falling 0.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,549/mo (+2.1% YoY), a 4.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,166/mo in principal and interest, $617 more than renting.
- 5Homes go under contract in 51 days (0 days vs last year); 27% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #165 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Chico compares
| Measure | Chico | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.2% | +1.2% | #435 |
| Home value, 5-yr change | +0.3% | +19.7% | |
| 12-month forecast | −0.7% | +1.1% | #504 |
| Rent, 1-yr change | +2.1% | +2.7% | #389 |
| Gross rent yield | 4.7% | 6.3% | #442 |
| Price-to-rent ratio | 21.2 | 15.8 | |
| Mortgage P&I on typical home | $2,166 | $2,012 | |
| Income needed to buy | $108,702 | $100,902 | |
| Days to pending | 51 | 56 |
Cities in the Chico metro
3 cities with home value and rent data.
| Chico | $458K | ▲ 0.5% | $1,561 | ▲ 1.7% | 4.1% |
| Oroville | $302K | ▼ 1.3% | $1,436 | ▲ 4.7% | 5.7% |
| Paradise | $332K | ▼ 0.4% | $1,613 | ▲ 4.7% | 5.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Chico rental ($394K, $1,549/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Chico home.
Rent vs buy
Is it cheaper to rent or buy in Chico?
Renting out a property in California? See deposit limits, late fee rules and notice periods.
Other California metros
Los Angeles, CA
$950K home$2,929 rent3.7% yield
▲ 1.3% 1 yr
San Francisco, CA
$1.12M home$3,445 rent3.7% yield
▲ 3.1% 1 yr
Riverside, CA
$580K home$2,533 rent5.2% yield
▲ 0.6% 1 yr
San Diego, CA
$927K home$2,967 rent3.8% yield
▲ 0.8% 1 yr
Sacramento, CA
$573K home$2,269 rent4.8% yield
■ 0.0% 1 yr
San Jose, CA
$1.52M home$3,812 rent3.0% yield
▲ 0.2% 1 yr
Fresno, CA
$404K home$2,052 rent6.1% yield
▲ 1.1% 1 yr
Bakersfield, CA
$360K home$1,822 rent6.1% yield
■ 0.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.