Elk Grove, CA—95758
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 $571,000, with a year-over-year change of -3.7%. 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 | $571,000 | -3.7% |
| Single Family | $576,000 | -4.0% |
| Condos | $391,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $428,000 | -4.9% |
3 Bed | $527,000 | -4.5% |
4 Bed | $613,000 | -4.1% |
| 5 Bed | $715,000 | -3.6% |
% of Housing Stock
Rental Trends — Elk Grove, CA
As of July '25, Rentcast reports the average rent in Elk Grove, CA is $2,520, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Elk Grove, CA is studios: $2,700, 1-bedrooms: $2,140, 2-bedrooms: $2,420, 3-bedrooms: $2,680, 4-bedrooms: $2,890. The most common rental property sizes in Elk Grove, CA are 3-bedroom and 2-bedroom, accounting for 34.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,520 | $2,520 |
| Studio Rent | $2,700 | $2,700 |
| 1 Bed Rent | $2,140 | $2,140 |
| 2 Bed Rent | $2,420 | $2,420 |
| 3 Bed Rent | $2,620 | $2,680 |
| 4 Bed Rent | $2,900 | $2,890 |
% 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 53. This is a increase of 31.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $593,000 | -3.0% |
Listing Count | 114 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 53 | 31.0% |
Demographics — Elk Grove, CA
As of the latest ACS Survey released in 2023, Elk Grove, CA has a population of 66,000, which has increased by 3.3% over the past 5 years. Elk Grove, CA is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,000 | 3.3% |
% Under 18 | 24.1% | -4.4% |
% Seniors | 13.7% | 14.2% |
% WFH | 19.4% | 198.5% |
% w/ College Degree | 37.2% | 3.6% |
As of the latest ACS Survey released in 2023, Elk Grove, CA is a predominantly white area, with 32.4% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Elk Grove, CA is asian, making up 27.5% of the population. Foreign-born residents account for 24.5% of the population in Elk Grove, CA, and this percentage has decreased by 0.8% 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 | 32.4% | 1.2% |
% Black | 12.6% | -10.6% |
% Hispanic | 19.5% | -2.5% |
% Asian | 27.5% | 1.5% |
% Foreign Born | 24.5% | -0.8% |
Mortgage and Risk — Elk Grove, CA
According to HUD data as of 2023, there were 463 mortgage originations in Elk Grove, CA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Elk Grove, CA. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 463 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Elk Grove, CA
As of 2024, the percent of homes in Elk Grove, CA under the Section 8 program is 6.5%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Elk Grove, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 431 |
Total Units Section 8 | 409 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $2,140 | $1,840 |
| 2 Bedroom | -$140 | $2,420 | $2,280 |
| 3 Bedroom | $470 | $2,620 | $3,090 |
| 4 Bedroom | $670 | $2,900 | $3,570 |
Affordability — Elk Grove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $571,000 |
| Median Household Income | $115,000 |