Market Overview
Home Prices in Carmel Valley, CA
The median home value in Carmel Valley, CA is $1,455,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.4% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carmel Valley are priced255% above average. Carmel Valley is part of the Salinas, CA metro area.
Over the past five years, Carmel Valley home values have risen by approximately11.1%, reflecting steady appreciation in this market.
Price History
Carmel Valley Home Price Trend
City Comparison
Carmel Valley vs. National Median
At $1,455,131, homes in Carmel Valley cost 255% above the national median of $410,000. Buyers in Carmel Valley should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Carmel Valley?
20% Down Payment
$291,026
on $1,455,131
Monthly P&I
$7,589/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,638/mo
incl. taxes & insurance
Income Needed
$385,520
gross annual (30% rule)
10% Down Option
$145,513
+ PMI applies
Loan Amount (20% dn)
$1,164,105
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 Carmel Valley, CA?
The median home value in Carmel Valley is $1,455,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.4% year-over-year.
How much have home prices changed in Carmel Valley?
Over the past year, home values in Carmel Valley have decreased by 1.4%. Over five years, prices have risen approximately 11.1%.
How much do I need to earn to buy a home in Carmel Valley?
To comfortably afford the median home price of $1,455,131 with a 20% down payment ($291,026) at today's rates (6.8%), you'd need a gross annual income of approximately $385,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Carmel Valley compare to the national average home price?
The national median home value is approximately $410,000. At $1,455,131, homes in Carmel Valley are 255% above the national average.
What metro area is Carmel Valley part of?
Carmel Valley is part of the Salinas, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.