Los Banos, CA—93635
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Los Banos, CA
As of Oct '25, the median home price in Los Banos, CA is $462,000, with a year-over-year change of -2.8%. This indicates that home prices in Los Banos, CA are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $462,000 | -2.8% |
| Single Family | $462,000 | -3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $344,000 | -3.4% |
3 Bed | $425,000 | -3.2% |
4 Bed | $494,000 | -2.9% |
| 5 Bed | $567,000 | -2.7% |
% of Housing Stock
Rental Trends — Los Banos, CA
As of July '25, Rentcast reports the average rent in Los Banos, CA is $2,140, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Los Banos, CA is studios: $862, 1-bedrooms: $1,280, 2-bedrooms: $1,710, 3-bedrooms: $2,360, 4-bedrooms: $2,450. The most common rental property sizes in Los Banos, CA are 3-bedroom and 2-bedroom, accounting for 41.2% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,140 |
| Studio Rent | $725 | $862 |
| 1 Bed Rent | $1,300 | $1,280 |
| 2 Bed Rent | $1,800 | $1,710 |
| 3 Bed Rent | $2,300 | $2,360 |
| 4 Bed Rent | $2,500 | $2,450 |
% of Rental Stock
Property Listings — Los Banos, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Los Banos, CA is 59. This is a increase of 53.0% 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 | $500,000 | -2.0% |
Listing Count | 126 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 59 | 53.0% |
Demographics — Los Banos, CA
As of the latest ACS Survey released in 2023, Los Banos, CA has a population of 49,200, which has increased by 20.8% over the past 5 years. Los Banos, CA is a popular place for families, as children make up 31.7% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,200 | 20.8% |
% Under 18 | 31.7% | -5.1% |
% Seniors | 11.9% | 29.3% |
% WFH | 6.0% | 122.2% |
% w/ College Degree | 13.2% | 24.5% |
As of the latest ACS Survey released in 2023, Los Banos, CA is a predominantly hispanic area, with 72.6% of the population identifying as hispanic. The hispanic population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Los Banos, CA is white, making up 20.1% of the population. Foreign-born residents account for 27.6% of the population in Los Banos, CA, and this percentage has increased by 3.0% 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 | 20.1% | -13.4% |
% Black | 1.8% | 5.9% |
% Hispanic | 72.6% | 3.4% |
% Asian | 2.4% | -20.0% |
% Foreign Born | 27.6% | 3.0% |
Mortgage and Risk — Los Banos, CA
According to HUD data as of 2023, there were 563 mortgage originations in Los Banos, CA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Los Banos, CA. Investor activity is low, as 2.0% 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 | 563 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Los Banos, CA
As of 2024, the percent of homes in Los Banos, CA under the Section 8 program is 2.9%. 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 Los Banos, CA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 242 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 82.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,300 | $1,430 |
| 2 Bedroom | -$40 | $1,800 | $1,760 |
| 3 Bedroom | $130 | $2,300 | $2,430 |
| 4 Bedroom | $460 | $2,500 | $2,960 |
Affordability — Los Banos, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $462,000 |
| Median Household Income | $70,700 |