Market Overview
Home Prices in Elk Grove, CA
The median home value in Elk Grove, CA is $637,106 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elk Grove are priced55% above average. Elk Grove is part of the Sacramento-Roseville-Folsom, CA metro area.
Over the past five years, Elk Grove home values have risen by approximately10.2%, reflecting steady appreciation in this market.
Price History
Elk Grove Home Price Trend
City Comparison
Elk Grove vs. National Median
At $637,106, homes in Elk Grove cost 55% above the national median of $410,000. Buyers in Elk Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Elk Grove?
20% Down Payment
$127,421
on $637,106
Monthly P&I
$3,323/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,220/mo
incl. taxes & insurance
Income Needed
$168,800
gross annual (30% rule)
10% Down Option
$63,711
+ PMI applies
Loan Amount (20% dn)
$509,685
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 Elk Grove, CA?
The median home value in Elk Grove is $637,106 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3% year-over-year.
How much have home prices changed in Elk Grove?
Over the past year, home values in Elk Grove have decreased by 3%. Over five years, prices have risen approximately 10.2%.
How much do I need to earn to buy a home in Elk Grove?
To comfortably afford the median home price of $637,106 with a 20% down payment ($127,421) at today's rates (6.8%), you'd need a gross annual income of approximately $168,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Elk Grove compare to the national average home price?
The national median home value is approximately $410,000. At $637,106, homes in Elk Grove are 55% above the national average.
What metro area is Elk Grove part of?
Elk Grove is part of the Sacramento-Roseville-Folsom, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.