Salinas, CA home prices
Typical home $841,133 · +1.2% in a year · income needed $230,900
The Salinas, CA metro area ranks 22 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.2% in a year and +13.7% over five years. With 20% down at 7.11%, the typical home costs about $5,388 a month including 0.63% property tax (Monterey County rate).
Mortgage on the typical Salinas home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $168,227 | $672,906 | $4,527 | $0 | $861 | $5,388 | $230,900 |
| 10% down | $84,113 | $757,020 | $5,093 | $315 | $861 | $6,269 | $268,700 |
| 5% down | $42,057 | $799,076 | $5,375 | $333 | $861 | $6,570 | $281,600 |
| 3.5% down (FHA) | $29,440 | $825,898 | $5,556 | $372 | $861 | $6,789 | $291,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Salinas area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Monterey County, CA | $841,129 | +1.2% | 0.63% |
What can you afford in California on your salary? · California home prices · Salaries in California
Frequently asked questions
How much is a house in Salinas?
The typical home in the Salinas, CA metro area is worth $841,133 (Zillow, September 2026).
What salary do you need to buy a house in Salinas?
About $230,900 a year for the typical home with 20% down at 7.11%.