Cities with the most expensive homes in California
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Cities with the most expensive homes in California
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers. High mortgage rates are also making monthly payments more expensive; as of July 20, the 30-year fixed mortgage rate sits at 6.96%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in California using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of June 2023. The charts in this story were created automatically using Matplotlib.
Metros with the most cities in the top 30 in California
#1. San Francisco-Oakland-Berkeley, CA: 10
#2. Los Angeles-Long Beach-Anaheim, CA: 8
#3. San Jose-Sunnyvale-Santa Clara, CA: 7
#4. San Diego-Chula Vista-Carlsbad, CA: 2
#4. Santa Maria-Santa Barbara, CA: 2
#6. Salinas, CA: 1
Read on to see which cities made the list.
Stacker
#30. Summerland
– Typical home value: $2,606,009
– 1-year price change: -3.8%
– 5-year price change: +65.0%
– Metro area: Santa Maria-Santa Barbara, CA
Stacker
#29. Cupertino
– Typical home value: $2,618,367
– 1-year price change: -9.6%
– 5-year price change: +19.1%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#28. Kentfield
– Typical home value: $2,689,153
– 1-year price change: -9.5%
– 5-year price change: +26.5%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#27. Palos Verdes Estates
– Typical home value: $2,741,084
– 1-year price change: -4.5%
– 5-year price change: +36.4%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#26. Del Monte Forest
– Typical home value: $2,758,739
– 1-year price change: -4.2%
– 5-year price change: +57.6%
– Metro area: Salinas, CA
Stacker
#25. Laguna Beach
– Typical home value: $2,764,854
– 1-year price change: -4.5%
– 5-year price change: +42.7%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#24. Stanford
– Typical home value: $2,920,413
– 1-year price change: -5.6%
– 5-year price change: +21.7%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#23. Tiburon
– Typical home value: $2,972,180
– 1-year price change: -7.2%
– 5-year price change: +29.4%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#22. Manhattan Beach
– Typical home value: $2,974,687
– 1-year price change: -3.4%
– 5-year price change: +39.6%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#21. Newport Beach
– Typical home value: $3,050,521
– 1-year price change: -1.6%
– 5-year price change: +49.4%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#20. Diablo
– Typical home value: $3,089,716
– 1-year price change: -11.2%
– 5-year price change: +31.1%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#19. Palo Alto
– Typical home value: $3,157,559
– 1-year price change: -12.0%
– 5-year price change: +8.9%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#18. Malibu
– Typical home value: $3,406,947
– 1-year price change: -7.8%
– 5-year price change: +64.6%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#17. Saratoga
– Typical home value: $3,517,890
– 1-year price change: -6.5%
– 5-year price change: +33.8%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#16. Del Mar
– Typical home value: $3,555,350
– 1-year price change: -3.4%
– 5-year price change: +50.8%
– Metro area: San Diego-Chula Vista-Carlsbad, CA
Stacker
#15. Beverly Hills
– Typical home value: $3,625,952
– 1-year price change: -8.3%
– 5-year price change: +40.1%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#14. Stinson Beach
– Typical home value: $3,651,733
– 1-year price change: -7.6%
– 5-year price change: +76.8%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#13. Woodside
– Typical home value: $3,746,964
– 1-year price change: -5.4%
– 5-year price change: +38.2%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#12. Portola Valley
– Typical home value: $3,800,525
– 1-year price change: -8.3%
– 5-year price change: +22.9%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#11. Ross
– Typical home value: $3,848,420
– 1-year price change: -6.7%
– 5-year price change: +31.1%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#10. Monte Sereno
– Typical home value: $3,908,738
– 1-year price change: -9.0%
– 5-year price change: +24.5%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#9. Los Altos
– Typical home value: $3,909,610
– 1-year price change: -9.4%
– 5-year price change: +24.5%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#8. Rancho Santa Fe
– Typical home value: $3,997,961
– 1-year price change: -3.9%
– 5-year price change: +61.8%
– Metro area: San Diego-Chula Vista-Carlsbad, CA
Stacker
#7. Rolling Hills
– Typical home value: $4,392,326
– 1-year price change: -6.3%
– 5-year price change: +38.8%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#6. Belvedere
– Typical home value: $4,618,479
– 1-year price change: -5.3%
– 5-year price change: +23.8%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#5. Montecito
– Typical home value: $4,728,661
– 1-year price change: -7.3%
– 5-year price change: +64.1%
– Metro area: Santa Maria-Santa Barbara, CA
Stacker
#4. Hillsborough
– Typical home value: $5,124,795
– 1-year price change: -6.6%
– 5-year price change: +23.0%
– Metro area: San Francisco-Oakland-Berkeley, CA
Stacker
#3. Hidden Hills
– Typical home value: $5,143,500
– 1-year price change: -5.2%
– 5-year price change: +61.3%
– Metro area: Los Angeles-Long Beach-Anaheim, CA
Stacker
#2. Los Altos Hills
– Typical home value: $5,365,564
– 1-year price change: -6.5%
– 5-year price change: +29.8%
– Metro area: San Jose-Sunnyvale-Santa Clara, CA
Stacker
#1. Atherton
– Typical home value: $7,565,895
– 1-year price change: -6.7%
– 5-year price change: +22.4%
– Metro area: San Francisco-Oakland-Berkeley, CA
