Market Overview
Home Prices in Banning, CA
The median home value in Banning, CA is $413,486 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Banning are priced1% above average. Banning is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Banning home values have risen by approximately20.4%, reflecting strong long-term appreciation in this market.
Price History
Banning Home Price Trend
City Comparison
Banning vs. National Median
At $413,486, homes in Banning cost 1% above the national median of $410,000. Buyers in Banning should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Banning?
20% Down Payment
$82,697
on $413,486
Monthly P&I
$2,156/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,738/mo
incl. taxes & insurance
Income Needed
$109,520
gross annual (30% rule)
10% Down Option
$41,349
+ PMI applies
Loan Amount (20% dn)
$330,789
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Banning, CA?
The median home value in Banning is $413,486 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Banning?
Over the past year, home values in Banning have decreased by 1.1%. Over five years, prices have risen approximately 20.4%.
How much do I need to earn to buy a home in Banning?
To comfortably afford the median home price of $413,486 with a 20% down payment ($82,697) at today's rates (6.8%), you'd need a gross annual income of approximately $109,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Banning compare to the national average home price?
The national median home value is approximately $410,000. At $413,486, homes in Banning are 1% above the national average.
What metro area is Banning part of?
Banning is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.