Market Overview
Home Prices in Morgan Hill, CA
The median home value in Morgan Hill, CA is $1,342,982 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morgan Hill are priced228% above average. Morgan Hill is part of the San Jose-Sunnyvale-Santa Clara, CA metro area.
Over the past five years, Morgan Hill home values have risen by approximately17.6%, reflecting steady appreciation in this market.
Price History
Morgan Hill Home Price Trend
City Comparison
Morgan Hill vs. National Median
At $1,342,982, homes in Morgan Hill cost 228% above the national median of $410,000. Buyers in Morgan Hill should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Morgan Hill?
20% Down Payment
$268,596
on $1,342,982
Monthly P&I
$7,004/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,895/mo
incl. taxes & insurance
Income Needed
$355,800
gross annual (30% rule)
10% Down Option
$134,298
+ PMI applies
Loan Amount (20% dn)
$1,074,386
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 Morgan Hill, CA?
The median home value in Morgan Hill is $1,342,982 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Morgan Hill?
Over the past year, home values in Morgan Hill have increased by 1.3%. Over five years, prices have risen approximately 17.6%.
How much do I need to earn to buy a home in Morgan Hill?
To comfortably afford the median home price of $1,342,982 with a 20% down payment ($268,596) at today's rates (6.8%), you'd need a gross annual income of approximately $355,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Morgan Hill compare to the national average home price?
The national median home value is approximately $410,000. At $1,342,982, homes in Morgan Hill are 228% above the national average.
What metro area is Morgan Hill part of?
Morgan Hill is part of the San Jose-Sunnyvale-Santa Clara, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.