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Data report · September 2026

The state of the California housing market.

Median home value and city-by-city trends across California, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

California median value

$693K

Zillow ZHVI, September 2026

Cities covered

209

with published pages

Report video

Monthly

per city, on each hub

The outlook

California housing market forecast 2027

+1.0%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1,458 California ZIP codes, points to typical home values rising 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in California rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in California?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for California shows typical home values rising 1.0% by September 2027, after a 0.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1,458 California ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Metro areas

Which California metro areas does Zillow expect to rise or fall?

Zillow's 12-month home value forecast for each metro area whose principal city is in California, through September 2027, largest first.

  1. 1Los Angeles, CA+1.9%
  2. 2San Francisco, CA+1.9%
  3. 3Riverside, CA+0.3%
  4. 4San Diego, CA+0.9%
  5. 5Sacramento, CA-0.8%
  6. 6San Jose, CA+1.9%
  7. 7Fresno, CA+0.9%
  8. 8Bakersfield, CA+1.6%
  9. 9Oxnard, CA0.0%
  10. 10Stockton, CA-0.7%
  11. 11Modesto, CA-0.3%
  12. 12Santa Rosa, CA0.0%
  13. 13Visalia, CA+1.1%
  14. 14Vallejo, CA-0.4%
  15. 15Santa Maria, CA+1.9%
  16. 16Salinas, CA+1.5%
  17. 17San Luis Obispo, CA+1.5%
  18. 18Merced, CA-0.2%
  19. 19Santa Cruz, CA+0.3%
  20. 20Chico, CA-0.7%
  21. 21Redding, CA-0.9%
  22. 22El Centro, CA+3.6%
  23. 23Yuba City, CA+0.5%
  24. 24Madera, CA+1.7%
  25. 25Hanford, CA+1.0%
  26. 26Napa, CA+0.1%
  27. 27Eureka, CA-3.0%
  28. 28Truckee, CA+1.0%
  29. 29Ukiah, CA-1.8%
  30. 30Clearlake, CA-1.7%
  31. 31Red Bluff, CA-0.4%
  32. 32Sonora, CA-2.2%
  33. 33Susanville, CA+0.9%
  34. 34Crescent City, CA+2.1%

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Where values are climbing

Fastest appreciating California cities

  1. 1San Francisco
    $1.41MUp15.2%
  2. 2Newport Beach
    $3.96MUp12.2%
  3. 3Corte Madera
    $1.87MUp10.5%
  4. 4Menlo Park
    $2.93MUp10.2%
  5. 5Manhattan Beach
    $3.35MUp9.4%
  6. 6Larkspur
    $2.21MUp9.2%
  7. 7Tahoe City
    $1.28MUp8.7%
  8. 8San Carlos
    $2.45MUp8.4%
  9. 9Los Altos
    $4.83MUp8.1%
  10. 10Mountain View
    $2.23MUp7.4%

Where the market is cooling

Fastest cooling California cities

  1. 1Pacific Palisades
    $2.85MDown6.7%
  2. 2Tracy
    $792KDown6.4%
  3. 3Altadena
    $1.13MDown5.3%
  4. 4Los Angeles
    $863KDown3.7%
  5. 5Lathrop
    $621KDown3.7%
  6. 6Manteca
    $572KDown3.1%
  7. 7Hayward
    $839KDown3.1%
  8. 8San Ramon
    $1.5MDown2.9%
  9. 9Pleasanton
    $1.5MDown2.8%
  10. 10Livermore
    $1.08MDown2.1%

Priciest markets in the state

Most expensive California cities by median value

  1. 1Los Altos
    $4.83M
  2. 2Rancho Santa Fe
    $4.07M
  3. 3Saratoga
    $3.96M
  4. 4Newport Beach
    $3.96M
  5. 5Manhattan Beach
    $3.35M
  6. 6Palo Alto
    $3.28M
  7. 7Malibu
    $3.18M
  8. 8Laguna Beach
    $3.11M
  9. 9Cupertino
    $2.96M
  10. 10Menlo Park
    $2.93M

Common questions

What people ask us.

Will home prices go up in California in 2027?

A weighted average of Zillow's ZIP forecasts, across 1,458 California ZIP codes, points to typical home values rising 1.0% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

What is the typical home value in California?

The typical home value in California is $692,765 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.

How much have California home values changed in the past year?

The median home value in California changed +0.9% over the 12 months ending September 2026, based on the Zillow Home Value Index.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in California, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the California market index.