Market Overview
Home Prices in Homewood, CA
The median home value in Homewood, CA is $1,240,676 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and down 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Homewood are priced203% above average. Homewood is part of the Sacramento-Roseville-Folsom, CA metro area.
Over the past five years, Homewood home values have risen by approximately6.8%, reflecting steady appreciation in this market.
Price History
Homewood Home Price Trend
City Comparison
Homewood vs. National Median
At $1,240,676, homes in Homewood cost 203% above the national median of $410,000. Buyers in Homewood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Homewood?
20% Down Payment
$248,135
on $1,240,676
Monthly P&I
$6,471/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,218/mo
incl. taxes & insurance
Income Needed
$328,720
gross annual (30% rule)
10% Down Option
$124,068
+ PMI applies
Loan Amount (20% dn)
$992,541
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 Homewood, CA?
The median home value in Homewood is $1,240,676 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Homewood?
Over the past year, home values in Homewood have increased by 5.3%. Over five years, prices have risen approximately 6.8%.
How much do I need to earn to buy a home in Homewood?
To comfortably afford the median home price of $1,240,676 with a 20% down payment ($248,135) at today's rates (6.8%), you'd need a gross annual income of approximately $328,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Homewood compare to the national average home price?
The national median home value is approximately $410,000. At $1,240,676, homes in Homewood are 203% above the national average.
What metro area is Homewood part of?
Homewood is part of the Sacramento-Roseville-Folsom, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.