Salinas, CA


Salinas, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Salinas Housing Market Information

With 157,218 people, 40,461 houses or apartments, and a median cost of homes of $356,431, real estate costs in Salinas are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Salinas, accounting for 53.76% of the city's housing units. Other types of housing that are prevalent in Salinas include large apartment complexes or high rise apartments ( 27.41%), duplexes, homes converted to apartments or other small apartment buildings ( 9.12%), and a few row houses and other attached homes ( 6.10%).

The most prevalent building size and type in Salinas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.61% owning and 57.39% renting.

There is a lot of housing in Salinas built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Salinas built between 1940-1969 ( 33.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.46%). There's also some housing in Salinas built before 1939 ( 5.80%).

Salinas Home Appreciation Rates

Salinas's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Salinas during the period has been just -0.61%, which is lower than 70% of US communities.

Over the last year, Salinas appreciation rates have trailed the rest of the nation. In the last twelve months, Salinas's appreciation rate has been 3.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salinas were at 0.60%, which equates to an annual appreciation rate of 2.41%.

Relative to California, our data show that Salinas's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Salinas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Salinas - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Salinas real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,374,551 0.6
$1,030,775 - $1,374,551 0.3
$687,554 - $1,030,774 6.2
$549,888 - $687,553 11.7
$412,333 - $549,887 24.5
$275,222 - $412,332 27.9
$137,474 - $275,221 18.3
$68,556 - $137,473 4.3
$0 - $68,555 6.1

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
13.0802919708029 62.3853211009174

Number Of Homes And Apartments:

Salinas Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
59.22% 2.58%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,572 / per month

Homeownership Rate

Owners 42.61
Renters 57.39
Vacant 4.20

Housing Market Details


Age of Homes

2000 or Newer 9.5
1970 - 1999 51.3
1940 - 1969 33.4
1939 or Older 5.8

Types of Homes

Single-Family 53.8
Townhomes 6.1
Small Apt. Buildings 9.1
Apt. Complexes 27.4
Mobile Homes 3.6
Other 0.0

Home Size

No Bedroom 3.26
1 Bedroom 13.56
2 Bedrooms 30.53
3 Bedrooms 35.22
4 Bedrooms 14.43
5 or more bedrooms 3.00