Clovis, CA—93612
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 $368,000, with a year-over-year change of -1.1%. This indicates that home prices in Clovis, CA are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | -1.1% |
| Single Family | $371,000 | -0.8% |
| Condos | $224,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $283,000 | 2.2% |
3 Bed | $367,000 | -0.8% |
4 Bed | $442,000 | -0.7% |
| 5 Bed | $564,000 | -0.7% |
% of Housing Stock
Rental Trends — Clovis, CA
As of July '25, Rentcast reports the average rent in Clovis, CA is $1,780, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Clovis, CA is 1-bedrooms: $1,490, 2-bedrooms: $1,620, 3-bedrooms: $2,290. The most common rental property sizes in Clovis, CA are 2-bedroom and 3-bedroom, accounting for 48.9% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,440 | $1,490 |
| 2 Bed Rent | $1,550 | $1,620 |
| 3 Bed Rent | $2,280 | $2,290 |
| 4 Bed Rent | N/A | N/A |
% 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 41. This is a increase of 37.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -5.0% |
Listing Count | 52 | 43.0% |
| Listings as % of Homes | 0.2% | 43.0% |
Days on Market | 41 | 37.0% |
Demographics — Clovis, CA
As of the latest ACS Survey released in 2023, Clovis, CA has a population of 37,800, which has increased by 6.6% over the past 5 years. Clovis, CA is a popular place for families, as children make up 29.0% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,800 | 6.6% |
% Under 18 | 29.0% | 15.5% |
% Seniors | 12.3% | -8.2% |
% WFH | 7.0% | 125.8% |
% w/ College Degree | 21.4% | 27.4% |
As of the latest ACS Survey released in 2023, Clovis, CA is a predominantly hispanic area, with 41.1% of the population identifying as hispanic. The hispanic population has grown by 10.2% in the last 5 years. The second most common race or ethnicity in Clovis, CA is white, making up 40.7% of the population. Foreign-born residents account for 12.3% of the population in Clovis, CA, and this percentage has increased by 23.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.7% | -14.1% |
% Black | 2.4% | -41.5% |
% Hispanic | 41.1% | 10.2% |
% Asian | 11.6% | 58.9% |
% Foreign Born | 12.3% | 23.0% |
Mortgage and Risk — Clovis, CA
According to HUD data as of 2023, there were 241 mortgage originations in Clovis, CA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% 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. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Clovis, CA
Clovis, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 829 |
Total Units Section 8 | 696 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,440 | $1,290 |
| 2 Bedroom | $40 | $1,550 | $1,590 |
| 3 Bedroom | -$50 | $2,280 | $2,230 |
| 4 Bedroom | N/A | N/A | $2,550 |
Affordability — Clovis, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $368,000 |
| Median Household Income | $64,100 |