Home Values

California Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$254,700

  • 2.4% 1-year change
  • None 1-year forecast

The median home value in California is $254,700. California home values have gone up 2.4% over the past year. The median rent price in California is $1,450, which is higher than the Lexington Park Metro median of $1,375.

Foreclosures will be a factor impacting home values in the next several years. In California 3.8 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in California is 3.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of California homeowners underwater on their mortgage is 30.5%.

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Relative ZHVI
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California Market Overview

Data through May 31, 2015
  • $254,700 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No recent data Median sale price
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California Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 30.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4(Apr 30, 2015) California
4 United States
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Nearby Cities

Name Median ZHVI
Leonardtown $326,800
Saint Inigoes $291,500
Callaway $291,300
Name Median ZHVI
Saint Leonard $287,200
Hollywood $285,300
Solomons $255,000
Name Median ZHVI
Lexington Park $243,600
Great Mills $223,000
Lusby $214,300

Listings & Sales

  • No data
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California Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,660 California
    $1,661 Lexington Park Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,450 Rent list price
  • $1.01 Rent list price / sq ft
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