Salinas housing market
Typical home value
$841K
▲ 1.2% 1 yr
Typical rent
$2,771/mo
▲ 0.8% 1 yr
12-month forecast
+1.5%
#348 of 546 metros
Gross rent yield
4.0%
#514 of 546 · U.S. 6.3%
Days to pending
52 days
▲ +7 days 1 yr
Listings with a price cut
23%
▲ +1.6 pts 1 yr
Key takeaways
- 1The typical home is worth $841,133, up 1.2% in a year and up 14% over five years.
- 2Zillow forecasts home values rising 1.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,771/mo (+0.8% YoY), a 4.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $4,622/mo in principal and interest, $1,851 more than renting.
- 5Homes go under contract in 52 days (+7 days vs last year); 23% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 54/100, #90 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 Salinas compares
| Measure | Salinas | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.2% | +1.2% | #348 |
| Home value, 5-yr change | +13.7% | +19.7% | |
| 12-month forecast | +1.5% | +1.1% | #348 |
| Rent, 1-yr change | +0.8% | +2.7% | #489 |
| Gross rent yield | 4.0% | 6.3% | #514 |
| Price-to-rent ratio | 25.3 | 15.8 | |
| Mortgage P&I on typical home | $4,622 | $2,012 | |
| Income needed to buy | $216,602 | $100,902 | |
| Days to pending | 52 | 56 |
Cities in the Salinas metro
5 cities with home value and rent data.
| Salinas | $748K | ▲ 1.7% | $2,530 | ▲ 5.3% | 4.1% |
| Seaside | $783K | ▼ 0.9% | $2,938 | ▲ 4.2% | 4.5% |
| Monterey | $1.15M | ▲ 1.4% | $2,696 | ▲ 2.0% | 2.8% |
| Marina | $861K | ▼ 0.1% | $2,873 | ▲ 5.3% | 4.0% |
| Pacific Grove | $1.37M | ▲ 1.6% | $3,176 | ▲ 5.9% | 2.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Salinas rental ($841K, $2,771/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Salinas home.
Rent vs buy
Is it cheaper to rent or buy in Salinas?
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.