Market Overview
Home Prices in Gilroy, CA
The median home value in Gilroy, CA is $1,068,039 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gilroy are priced160% above average. Gilroy is part of the San Jose-Sunnyvale-Santa Clara, CA metro area.
Over the past five years, Gilroy home values have risen by approximately13.4%, reflecting steady appreciation in this market.
Price History
Gilroy Home Price Trend
City Comparison
Gilroy vs. National Median
At $1,068,039, homes in Gilroy cost 160% above the national median of $410,000. Buyers in Gilroy should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gilroy?
20% Down Payment
$213,608
on $1,068,039
Monthly P&I
$5,570/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,074/mo
incl. taxes & insurance
Income Needed
$282,960
gross annual (30% rule)
10% Down Option
$106,804
+ PMI applies
Loan Amount (20% dn)
$854,431
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 Gilroy, CA?
The median home value in Gilroy is $1,068,039 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Gilroy?
Over the past year, home values in Gilroy have decreased by 0.9%. Over five years, prices have risen approximately 13.4%.
How much do I need to earn to buy a home in Gilroy?
To comfortably afford the median home price of $1,068,039 with a 20% down payment ($213,608) at today's rates (6.8%), you'd need a gross annual income of approximately $282,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilroy compare to the national average home price?
The national median home value is approximately $410,000. At $1,068,039, homes in Gilroy are 160% above the national average.
What metro area is Gilroy part of?
Gilroy is part of the San Jose-Sunnyvale-Santa Clara, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.