Average Rent in Hanford, CA↑ Rents rising 2.9% YoY

Hanford, CA has rental prices ranging from $1,175/month to $2,467/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,183/month — 15% below the national average of $1,400/month. With a median household income of $68,750/year, spending $1,183/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Hanford Compares

With an average 2-bedroom rent of $1,512/month, Hanford ranks #36 most expensive of the 52 cities tracked in California — pricier than 89% of all US cities in our data.

The Hanford Rental Market

The Hanford, CA area has a population of about 152,830 and 45% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Hanford, CA have risen by $43/month (2.9%) over the past year, from $1,469 to $1,512. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Hanford, CA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $47,320. The local median household income of $68,750 exceeds that threshold by $21,430, making Hanford relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Hanford, CA is $381,365, giving a price-to-rent ratio of 21.0. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Hanford, CA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Hanford?

Break-even analysis and mortgage estimates based on local market data.

Living in Hanford

Cost of living, job market, crime rates, and moving cost estimates.