View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /California
  4. /Mill Valley, CA - 94941

Mill Valley, CA—94941

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$2,153,000
6.9% YoY Growth
Household Income
$210,000
44.4% YoY Growth
Days on Market
23
12.0% Longer YoY
Home Price Forecast
-1.0%
Median Rent
$4,290
12.7% YoY Growth
1-Bed Rent
$2,650
16.4% YoY Growth
2-Bed Rent
$3,760
2.4% YoY Growth
3-Bed Rent
$7,000
9.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mill Valley, CA

As of May '26, the median home price in Mill Valley, CA is $2,153,000, with a year-over-year change of 6.9%. This indicates that home prices in Mill Valley, CA are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$2,153,0006.9%
Single Family $2,248,0008.2%
Condos $1,028,0005.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • $774,000
    4.0%
    2 Bed
    		$1,433,0007.5%
    3 Bed
    		$2,011,0007.8%
    4 Bed
    		$2,796,0008.1%
    5 Bed $3,683,4308.9%
    Loading chart...

    % of Housing Stock

    Studio
    3.4%
    1 Bedroom
    14.0%
    2 Bedrooms
    19.3%
    3 Bedrooms
    34.2%
    4 Bedrooms
    22.0%
    5+ Bedrooms
    7.1%

    Rental Trends — Mill Valley, CA

    As of July '25, Rentcast reports the average rent in Mill Valley, CA is $4,890, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Mill Valley, CA is studios: $2,690, 1-bedrooms: $3,120, 2-bedrooms: $4,110, 3-bedrooms: $7,240, 4-bedrooms: $9,080. The most common rental property sizes in Mill Valley, CA are 2-bedroom and 1-bedroom, accounting for 31.9% and 30.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$4,290$4,890
    Studio Rent $2,620$2,690
    1 Bed Rent $2,650$3,120
    2 Bed Rent $3,760$4,110
    3 Bed Rent $7,000$7,240
    4 Bed Rent $9,000$9,080
    Loading chart...

    % of Rental Stock

    Studio
    6.7%
    1 Bedroom
    30.6%
    2 Bedrooms
    31.9%
    3 Bedrooms
    17.6%
    4 Bedrooms
    12.6%
    5+ Bedrooms
    0.6%

    Property Listings — Mill Valley, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Mill Valley, CA is 23. This is a increase of 12.0% 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
    		$1,980,000-20.0%
    Listing Count
    		701.0%
    Listings as % of Homes0.2%1.0%
    Days on Market
    		2312.0%
    Loading chart...

    Demographics — Mill Valley, CA

    As of the latest ACS Survey released in 2023, Mill Valley, CA has a population of 32,300, which has remained stable by 1.0% over the past 5 years. Mill Valley, CA is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 76.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		32,3001.0%
    % Under 18
    		23.3%2.2%
    % Seniors
    		19.9%-4.8%
    % WFH
    		35.9%152.8%
    % w/ College Degree
    		76.9%2.0%
    Loading chart...

    As of the latest ACS Survey released in 2023, Mill Valley, CA is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Mill Valley, CA is hispanic, making up 7.5% of the population. Foreign-born residents account for 16.1% of the population in Mill Valley, 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

    MetricLatest Census5-Year % Change
    % White
    		79.2%-2.3%
    % Black
    		1.1%0.0%
    % Hispanic
    		7.5%17.2%
    % Asian
    		6.1%-6.2%
    % Foreign Born
    		16.1%10.3%
    Loading chart...

    Mortgage and Risk — Mill Valley, CA

    According to HUD data as of 2023, there were 432 mortgage originations in Mill Valley, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Mill Valley, CA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		432
    % Conventional Loans
    		98.0%
    % Government Loans
    		2.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Mill Valley, CA

    As of 2024, the percent of homes in Mill Valley, CA under the Section 8 program is 5.8%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Mill Valley, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		327
    Total Units Section 8
    		242
    % Rentals under Section 8
    		5.8%
    % Occupied Section 8
    		84.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$440$2,650$3,090
    2 Bedroom-$70$3,760$3,690
    3 Bedroom-$2,400$7,000$4,600
    4 Bedroom-$4,110$9,000$4,890

    Affordability — Mill Valley, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.7
    Median Home Price$2,153,000
    Median Household Income$210,000

    Mill Valley, CA — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Fairfax, CA

    94930

    Kentfield, CA

    94904

    Ross

    94957

    Stinson Beach

    94970

    Larkspur, CA

    94939

    Frequently Asked Questions