Salinas, CA—93907
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 $818,000, with a year-over-year change of -1.7%. This indicates that home prices in Salinas, 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 | $818,000 | -1.7% |
| Single Family | $818,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $619,000 | -2.5% |
3 Bed | $802,000 | -1.7% |
4 Bed | $925,000 | -1.8% |
| 5 Bed | $1,081,000 | -1.1% |
% of Housing Stock
Rental Trends — Salinas, CA
As of July '25, Rentcast reports the average rent in Salinas, CA is $3,020, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Salinas, CA is 1-bedrooms: $1,980, 2-bedrooms: $2,450, 3-bedrooms: $3,480, 4-bedrooms: $4,000. The most common rental property sizes in Salinas, CA are 3-bedroom and 2-bedroom, accounting for 41.2% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,980 |
| 2 Bed Rent | $2,300 | $2,450 |
| 3 Bed Rent | $3,350 | $3,480 |
| 4 Bed Rent | $4,000 | $4,000 |
% 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 55. This is a decrease of -5.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $939,000 | 3.0% |
Listing Count | 46 | 31.0% |
| Listings as % of Homes | 0.3% | 31.0% |
Days on Market | 55 | -5.0% |
Demographics — Salinas, CA
As of the latest ACS Survey released in 2023, Salinas, CA has a population of 24,900, which has increased by 9.5% over the past 5 years. Salinas, CA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 9.5% |
% Under 18 | 26.3% | 22.3% |
% Seniors | 15.1% | -6.2% |
% WFH | 5.3% | -5.4% |
% w/ College Degree | 21.6% | -8.9% |
As of the latest ACS Survey released in 2023, Salinas, CA is a predominantly hispanic area, with 57.5% of the population identifying as hispanic. The hispanic population has grown by 20.0% in the last 5 years. The second most common race or ethnicity in Salinas, CA is white, making up 28.5% of the population. Foreign-born residents account for 26.3% of the population in Salinas, CA, and this percentage has increased by 19.5% 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 | 28.5% | -26.9% |
% Black | 1.9% | 26.7% |
% Hispanic | 57.5% | 20.0% |
% Asian | 7.8% | 25.8% |
% Foreign Born | 26.3% | 19.5% |
Mortgage and Risk — Salinas, CA
According to HUD data as of 2023, there were 175 mortgage originations in Salinas, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Salinas, CA. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 175 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Salinas, CA
As of 2024, the percent of homes in Salinas, CA under the Section 8 program is 7.1%. 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. 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 | 200 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 73.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $950 | $1,650 | $2,600 |
| 2 Bedroom | $830 | $2,300 | $3,130 |
| 3 Bedroom | $870 | $3,350 | $4,220 |
| 4 Bedroom | $600 | $4,000 | $4,600 |
Affordability — Salinas, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $818,000 |
| Median Household Income | $103,000 |