Market Overview
Home Prices in Fall River Mills, CA
The median home value in Fall River Mills, CA is $304,250 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fall River Mills are priced26% below average. Fall River Mills is part of the Redding, CA metro area.
Over the past five years, Fall River Mills home values have risen by approximately8.7%, reflecting steady appreciation in this market.
Price History
Fall River Mills Home Price Trend
City Comparison
Fall River Mills vs. National Median
At $304,250, homes in Fall River Mills cost 26% below the national median of $410,000. This makes Fall River Mills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fall River Mills?
20% Down Payment
$60,850
on $304,250
Monthly P&I
$1,587/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,015/mo
incl. taxes & insurance
Income Needed
$80,600
gross annual (30% rule)
10% Down Option
$30,425
+ PMI applies
Loan Amount (20% dn)
$243,400
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 Fall River Mills, CA?
The median home value in Fall River Mills is $304,250 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Fall River Mills?
Over the past year, home values in Fall River Mills have increased by 2.7%. Over five years, prices have risen approximately 8.7%.
How much do I need to earn to buy a home in Fall River Mills?
To comfortably afford the median home price of $304,250 with a 20% down payment ($60,850) at today's rates (6.8%), you'd need a gross annual income of approximately $80,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Fall River Mills compare to the national average home price?
The national median home value is approximately $410,000. At $304,250, homes in Fall River Mills are 26% below the national average.
What metro area is Fall River Mills part of?
Fall River Mills is part of the Redding, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.