California housing market
Typical home value
$431K
▲ 2.7% 1 yr
Typical rent
$2,029/mo
▲ 1.1% 1 yr
12-month forecast
+1.6%
#340 of 546 metros
Gross rent yield
5.6%
#318 of 546 · U.S. 6.3%
Days to pending
34 days
▼ −1 day 1 yr
Listings with a price cut
29%
▲ +2.4 pts 1 yr
Key takeaways
- 1The typical home is worth $431,397, up 2.7% in a year and up 16% over five years.
- 2Zillow forecasts home values rising 1.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,029/mo (+1.1% YoY), a 5.6% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,371/mo in principal and interest, $342 more than renting.
- 5Homes go under contract in 34 days (−1 day vs last year); 29% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #321 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 California compares
| Measure | California | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.7% | +1.2% | #236 |
| Home value, 5-yr change | +16.3% | +19.7% | |
| 12-month forecast | +1.6% | +1.1% | #340 |
| Rent, 1-yr change | +1.1% | +2.7% | #471 |
| Gross rent yield | 5.6% | 6.3% | #318 |
| Price-to-rent ratio | 17.7 | 15.8 | |
| Mortgage P&I on typical home | $2,371 | $2,012 | |
| Income needed to buy | $116,927 | $100,902 | |
| Days to pending | 34 | 56 |
Cities in the California metro
1 cities with home value and rent data.
| Lexington Park | $386K | ▲ 2.3% | $1,784 | ▼ 0.3% | 5.6% |
Run the numbers
Rental property calculator
Cash flow on a typical California rental ($431K, $2,029/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical California home.
Rent vs buy
Is it cheaper to rent or buy in California?
Other Maryland metros
Baltimore, MD
$397K home$1,937 rent5.9% yield
▲ 0.4% 1 yr
Hagerstown, MD
$323K home$1,614 rent6.0% yield
▲ 2.3% 1 yr
Cumberland, MD
$168K home$994 rent7.1% yield
▲ 2.7% 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.