Home Values

Salinas Metro 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

$427,900

  • 4.4% 1-year change
  • 4.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Salinas Metro is $427,900. Salinas Metro home values have gone up 4.4% over the past year and Zillow predicts they will rise 4.3% within the next year. The median list price per square foot in Salinas Metro is None. The median rent price in Salinas Metro is $1,750, which is lower than the California median of $2,000.

Foreclosures will be a factor impacting home values in the next several years. In Salinas Metro 2.5 homes are foreclosed (per 10,000). This is greater than the California value of 2.4 and also lower 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 Salinas Metro is 5.3%, 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 Salinas Metro homeowners underwater on their mortgage is 13.1%, which is higher than California at 11.0%.

Read more
Relative ZHVI
- +

Salinas Metro Market Overview

Data through May 31, 2015
  • $427,900 ZHVI
  • 4.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $457,000 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Salinas Metro Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • 81 Average days on Zillow (Apr 30, 2015)
  • 13.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.3% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2.5 homes Salinas Metro
2.4 homes California
3.5 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Salinas Metro

Name Median ZHVI
Pacific Grove $703,800
Monterey $682,300
Marina $419,600
Name Median ZHVI
Watsonville $381,600
Seaside $364,100
Salinas $315,600
Name Median ZHVI
Soledad $223,600
King City $172,200
Greenfield $168,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $308 Median sale price / sq ft
  • No data Listings with price cut
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Salinas Metro Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,140 Salinas Metro
    $2,244 California
    $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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,750 Rent list price
  • $1.55 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading