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Salinas, CA—93907

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$813,000
1.7% YoY Growth
Household Income
$103,000
35.2% YoY Growth
Days on Market
75
19.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$2,800
5.3% YoY Growth
1-Bed Rent
$1,650
7.0% YoY Growth
2-Bed Rent
$2,300
8.6% YoY Growth
3-Bed Rent
$3,350
8.7% YoY Growth

Other Zip Codes in Salinas, CA

93908939019390693905
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Salinas, CA

As of Dec '25, the median home price in Salinas, CA is $813,000, 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 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$813,000-1.7%
Single Family $813,000-1.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$613,000-2.5%
    3 Bed
    		$796,000-1.8%
    4 Bed
    		$919,000-1.7%
    5 Bed $1,070,448-0.8%
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    7.9%
    2 Bedrooms
    20.4%
    3 Bedrooms
    51.2%
    4 Bedrooms
    15.4%
    5+ Bedrooms
    2.7%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,800$3,020
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    2.7%
    1 Bedroom
    14.3%
    2 Bedrooms
    34.6%
    3 Bedrooms
    41.2%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    0.5%

    Property Listings — Salinas, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Salinas, CA is 61. This is a increase of 15.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$920,0007.0%
    Listing Count
    		3212.0%
    Listings as % of Homes0.3%12.0%
    Days on Market
    		7519.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		24,9009.5%
    % Under 18
    		26.3%22.3%
    % Seniors
    		15.1%-6.2%
    % WFH
    		5.3%-5.4%
    % w/ College Degree
    		21.6%-8.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio7.3
    Median Home Price$813,000
    Median Household Income$103,000

    Salinas, CA — ZIP Code Boundary Map

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    Frequently Asked Questions