Salinas, CA—93905
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salinas, CA
As of Oct '25, the median home price in Salinas, CA is $652,000, with a year-over-year change of -1.6%. This indicates that home prices in Salinas, CA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $652,000 | -1.6% |
| Single Family | $656,000 | -1.8% |
| Condos | $387,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $558,000 | -0.4% |
3 Bed | $636,000 | -1.7% |
4 Bed | $721,000 | -1.5% |
| 5 Bed | $815,000 | -1.2% |
% of Housing Stock
Rental Trends — Salinas, CA
As of July '25, Rentcast reports the average rent in Salinas, CA is $2,450, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Salinas, CA is 1-bedrooms: $2,050, 2-bedrooms: $2,300, 3-bedrooms: $2,830, 4-bedrooms: $3,750. The most common rental property sizes in Salinas, CA are 2-bedroom and 3-bedroom, accounting for 39.3% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,050 |
| 2 Bed Rent | $2,300 | $2,300 |
| 3 Bed Rent | $2,800 | $2,830 |
| 4 Bed Rent | $3,700 | $3,750 |
% of Rental Stock
Property Listings — Salinas, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Salinas, CA is 37. This is a decrease of -46.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $681,000 | -1.0% |
Listing Count | 25 | 19.0% |
| Listings as % of Homes | 0.1% | 19.0% |
Days on Market | 37 | -46.0% |
Demographics — Salinas, CA
As of the latest ACS Survey released in 2023, Salinas, CA has a population of 64,600, which has increased by 6.9% over the past 5 years. Salinas, CA is a popular place for families, as children make up 34.0% of the population. The area has a poorly educated workforce, with 6.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,600 | 6.9% |
% Under 18 | 34.0% | -4.2% |
% Seniors | 6.9% | 11.3% |
% WFH | 3.0% | 76.5% |
% w/ College Degree | 6.6% | 20.0% |
As of the latest ACS Survey released in 2023, Salinas, CA is a predominantly hispanic area, with 93.6% of the population identifying as hispanic. The hispanic population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Salinas, CA is asian, making up 3.3% of the population. Foreign-born residents account for 45.7% of the population in Salinas, CA, and this percentage has decreased by 6.2% 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 | 2.1% | -38.2% |
% Black | 0.7% | 40.0% |
% Hispanic | 93.6% | -0.3% |
% Asian | 3.3% | 73.7% |
% Foreign Born | 45.7% | -6.2% |
Mortgage and Risk — Salinas, CA
According to HUD data as of 2023, there were 191 mortgage originations in Salinas, CA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Salinas, CA. Investor activity is low, as 3.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Salinas, CA
As of 2024, the percent of homes in Salinas, CA under the Section 8 program is 9.6%. 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. In Salinas, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 729 |
Total Units Section 8 | 729 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 71.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $2,100 | $2,140 |
| 2 Bedroom | $300 | $2,300 | $2,600 |
| 3 Bedroom | $800 | $2,800 | $3,600 |
| 4 Bedroom | $260 | $3,700 | $3,960 |
Affordability — Salinas, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $652,000 |
| Median Household Income | $75,700 |