Clovis, CA—93611
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clovis, CA
As of Oct '25, the median home price in Clovis, CA is $488,000, with a year-over-year change of -0.8%. This indicates that home prices in Clovis, CA are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $488,000 | -0.8% |
| Single Family | $493,000 | -1.0% |
| Condos | $369,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $351,000 | 1.7% |
3 Bed | $437,000 | -0.9% |
4 Bed | $557,000 | -0.7% |
| 5 Bed | $648,000 | -0.8% |
% of Housing Stock
Rental Trends — Clovis, CA
As of July '25, Rentcast reports the average rent in Clovis, CA is $2,530, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Clovis, CA is 1-bedrooms: $1,750, 2-bedrooms: $2,430, 3-bedrooms: $2,240, 4-bedrooms: $2,940. The most common rental property sizes in Clovis, CA are 3-bedroom and 2-bedroom, accounting for 42.5% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,750 |
| 2 Bed Rent | $2,300 | $2,430 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,780 | $2,940 |
% of Rental Stock
Property Listings — Clovis, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Clovis, CA is 39. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $540,000 | 5.0% |
Listing Count | 102 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 39 | 5.0% |
Demographics — Clovis, CA
As of the latest ACS Survey released in 2023, Clovis, CA has a population of 46,600, which has decreased by -3.8% over the past 5 years. Clovis, CA is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,600 | -3.8% |
% Under 18 | 25.4% | -6.6% |
% Seniors | 17.0% | 25.9% |
% WFH | 13.1% | 147.2% |
% w/ College Degree | 39.7% | 18.5% |
As of the latest ACS Survey released in 2023, Clovis, CA is a predominantly white area, with 49.7% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Clovis, CA is hispanic, making up 30.7% of the population. Foreign-born residents account for 11.6% of the population in Clovis, CA, and this percentage has decreased by 10.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.7% | -9.5% |
% Black | 2.2% | -24.1% |
% Hispanic | 30.7% | 15.0% |
% Asian | 11.8% | -1.7% |
% Foreign Born | 11.6% | -10.1% |
Mortgage and Risk — Clovis, CA
According to HUD data as of 2023, there were 670 mortgage originations in Clovis, CA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Clovis, CA. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 670 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Clovis, CA
As of 2024, the percent of homes in Clovis, CA under the Section 8 program is 4.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Clovis, CA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 229 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,650 | $1,830 |
| 2 Bedroom | -$40 | $2,300 | $2,260 |
| 3 Bedroom | $970 | $2,200 | $3,170 |
| 4 Bedroom | $850 | $2,780 | $3,630 |
Affordability — Clovis, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $488,000 |
| Median Household Income | $115,000 |