Market Overview
Home Prices in Phelan, CA
The median home value in Phelan, CA is $470,446 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phelan are priced15% above average. Phelan is part of the Riverside-San Bernardino-Ontario, CA metro area.
Over the past five years, Phelan home values have risen by approximately20.3%, reflecting strong long-term appreciation in this market.
Price History
Phelan Home Price Trend
City Comparison
Phelan vs. National Median
At $470,446, homes in Phelan cost 15% above the national median of $410,000. Buyers in Phelan should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Phelan?
20% Down Payment
$94,089
on $470,446
Monthly P&I
$2,454/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,117/mo
incl. taxes & insurance
Income Needed
$124,680
gross annual (30% rule)
10% Down Option
$47,045
+ PMI applies
Loan Amount (20% dn)
$376,357
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 Phelan, CA?
The median home value in Phelan is $470,446 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Phelan?
Over the past year, home values in Phelan have increased by 0.7%. Over five years, prices have risen approximately 20.3%.
How much do I need to earn to buy a home in Phelan?
To comfortably afford the median home price of $470,446 with a 20% down payment ($94,089) at today's rates (6.8%), you'd need a gross annual income of approximately $124,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Phelan compare to the national average home price?
The national median home value is approximately $410,000. At $470,446, homes in Phelan are 15% above the national average.
What metro area is Phelan part of?
Phelan is part of the Riverside-San Bernardino-Ontario, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.