Elk Grove, CA—95757
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elk Grove, CA
As of Oct '25, the median home price in Elk Grove, CA is $696,000, with a year-over-year change of -3.1%. This indicates that home prices in Elk Grove, CA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $696,000 | -3.1% |
| Single Family | $699,000 | -3.6% |
| Condos | $426,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $523,000 | -4.7% |
3 Bed | $612,000 | -3.3% |
4 Bed | $706,000 | -3.7% |
| 5 Bed | $799,000 | -3.9% |
% of Housing Stock
Rental Trends — Elk Grove, CA
As of July '25, Rentcast reports the average rent in Elk Grove, CA is $2,860, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Elk Grove, CA is 1-bedrooms: $2,130, 2-bedrooms: $2,690, 3-bedrooms: $2,870, 4-bedrooms: $3,030. The most common rental property sizes in Elk Grove, CA are 3-bedroom and 4-bedroom, accounting for 35.9% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,820 | $2,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,360 | $2,130 |
| 2 Bed Rent | $2,680 | $2,690 |
| 3 Bed Rent | $2,880 | $2,870 |
| 4 Bed Rent | $3,000 | $3,030 |
% of Rental Stock
Property Listings — Elk Grove, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elk Grove, CA is 54. This is a increase of 30.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $686,000 | -7.0% |
Listing Count | 170 | 22.0% |
| Listings as % of Homes | 0.5% | 22.0% |
Days on Market | 54 | 30.0% |
Demographics — Elk Grove, CA
As of the latest ACS Survey released in 2023, Elk Grove, CA has a population of 54,500, which has increased by 9.8% over the past 5 years. Elk Grove, CA is a popular place for families, as children make up 27.8% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,500 | 9.8% |
% Under 18 | 27.8% | -4.8% |
% Seniors | 11.6% | 8.4% |
% WFH | 21.4% | 185.3% |
% w/ College Degree | 41.5% | -0.7% |
As of the latest ACS Survey released in 2023, Elk Grove, CA is a predominantly asian area, with 40.6% of the population identifying as asian. The asian population has grown by 20.5% in the last 5 years. The second most common race or ethnicity in Elk Grove, CA is white, making up 20.8% of the population. Foreign-born residents account for 27.8% of the population in Elk Grove, CA, and this percentage has increased by 10.3% 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 | 20.8% | -23.5% |
% Black | 11.2% | -17.0% |
% Hispanic | 18.5% | 0.0% |
% Asian | 40.6% | 20.5% |
% Foreign Born | 27.8% | 10.3% |
Mortgage and Risk — Elk Grove, CA
Elk Grove, CA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Elk Grove, CA
As of 2024, the percent of homes in Elk Grove, CA under the Section 8 program is 6.9%. 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. In Elk Grove, 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 | 336 |
Total Units Section 8 | 336 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $2,360 | $2,600 |
| 2 Bedroom | $550 | $2,680 | $3,230 |
| 3 Bedroom | $1,500 | $2,880 | $4,380 |
| 4 Bedroom | $2,060 | $3,000 | $5,060 |
Affordability — Elk Grove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $696,000 |
| Median Household Income | $133,000 |