Eureka housing market

Buyer's marketEureka, CA metro areaData through Sep 2026
Typical home value
$413K
▼ 2.5% 1 yr
Typical rent
$1,638/mo
▲ 1.7% 1 yr
12-month forecast
−3.0%
#545 of 546 metros
Gross rent yield
4.8%
#434 of 546 · U.S. 6.3%
Days to pending
62 days
▼ −29 days 1 yr
Listings with a price cut
27%
▲ +1.1 pts 1 yr

Key takeaways

  • 1The typical home is worth $412,732, down 2.5% in a year and down 10% over five years.
  • 2Zillow forecasts home values falling 3.0% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,638/mo (+1.7% YoY), a 4.8% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $2,268/mo in principal and interest, $630 more than renting.
  • 5Homes go under contract in 62 days (−29 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 39/100, #302 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $413K
$351K$397K$443K$488K2016201920222025
Typical monthly rent
Latest $1,638
$1,449$1,508$1,566$1,62520222023202420252026

How fast homes are selling

Days to go under contract
Latest 62
56718710220252026
Share of listings with a price cut
Latest 27.2%
10.1%15.4%20.7%26.0%20182020202220242026
Homes for sale vs new listings
Latest 612
For saleNew listings
11230649969320182020202220242026
Share of homes sold above list price
Latest 22.7%
12.9%16.0%19.0%22.0%20252026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Eureka compares

MeasureEurekaUnited StatesRank of 546
Home value, 1-yr change−2.5%+1.2%#534
Home value, 5-yr change−10.1%+19.7%
12-month forecast−3.0%+1.1%#545
Rent, 1-yr change+1.7%+2.7%#436
Gross rent yield4.8%6.3%#434
Price-to-rent ratio21.015.8
Mortgage P&I on typical home$2,268$2,012
Days to pending6256

Cities in the Eureka metro

1 cities with home value and rent data.

Eureka$400K▼ 2.2%$1,612▲ 1.4%4.8%

Run the numbers

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Other California metros

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.