Market Overview
Home Prices in Pacific Grove, CA
The median home value in Pacific Grove, CA is $1,402,673 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pacific Grove are priced242% above average. Pacific Grove is part of the Salinas, CA metro area.
Over the past five years, Pacific Grove home values have risen by approximately19.6%, reflecting steady appreciation in this market.
Price History
Pacific Grove Home Price Trend
City Comparison
Pacific Grove vs. National Median
At $1,402,673, homes in Pacific Grove cost 242% above the national median of $410,000. Buyers in Pacific Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Pacific Grove?
20% Down Payment
$280,535
on $1,402,673
Monthly P&I
$7,316/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,291/mo
incl. taxes & insurance
Income Needed
$371,640
gross annual (30% rule)
10% Down Option
$140,267
+ PMI applies
Loan Amount (20% dn)
$1,122,138
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 Pacific Grove, CA?
The median home value in Pacific Grove is $1,402,673 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Pacific Grove?
Over the past year, home values in Pacific Grove have increased by 0.5%. Over five years, prices have risen approximately 19.6%.
How much do I need to earn to buy a home in Pacific Grove?
To comfortably afford the median home price of $1,402,673 with a 20% down payment ($280,535) at today's rates (6.8%), you'd need a gross annual income of approximately $371,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Pacific Grove compare to the national average home price?
The national median home value is approximately $410,000. At $1,402,673, homes in Pacific Grove are 242% above the national average.
What metro area is Pacific Grove part of?
Pacific Grove is part of the Salinas, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.