Market Overview
Home Prices in Mill Valley, CA
The median home value in Mill Valley, CA is $2,170,465 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and down 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mill Valley are priced429% above average. Mill Valley is part of the San Francisco-Oakland-Berkeley, CA metro area.
Over the past five years, Mill Valley home values have risen by approximately10.9%, reflecting steady appreciation in this market.
Price History
Mill Valley Home Price Trend
City Comparison
Mill Valley vs. National Median
At $2,170,465, homes in Mill Valley cost 429% above the national median of $410,000. Buyers in Mill Valley should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Mill Valley?
20% Down Payment
$434,093
on $2,170,465
Monthly P&I
$11,320/mo
30-yr @ 6.8%
Total Monthly Est.
~$14,376/mo
incl. taxes & insurance
Income Needed
$575,040
gross annual (30% rule)
10% Down Option
$217,047
+ PMI applies
Loan Amount (20% dn)
$1,736,372
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 Mill Valley, CA?
The median home value in Mill Valley is $2,170,465 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Mill Valley?
Over the past year, home values in Mill Valley have increased by 7%. Over five years, prices have risen approximately 10.9%.
How much do I need to earn to buy a home in Mill Valley?
To comfortably afford the median home price of $2,170,465 with a 20% down payment ($434,093) at today's rates (6.8%), you'd need a gross annual income of approximately $575,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Mill Valley compare to the national average home price?
The national median home value is approximately $410,000. At $2,170,465, homes in Mill Valley are 429% above the national average.
What metro area is Mill Valley part of?
Mill Valley is part of the San Francisco-Oakland-Berkeley, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.