Elk Grove housing market: home prices, trends and forecast
Elk Grove home prices: the Zillow Home Value Index valued a typical property in Elk Grove, California at $624,643 in September 2026. It was down 1.6% from a year earlier and 9.4% below the June 2022 peak of $689,623.
- Typical value of a home
- $624,643September 2026, Zillow ZHVI
- Change in 12 months
- −1.6%. Compared with September 2025.
Elk Grove home prices since 2000
The steel line shows Elk Grove, while the grey line shows the United States. Since January 2000, a typical Elk Grove home rose from $183,738 to $624,643. That is ×3.40, compared with ×2.99 for the US over those months. The boom reached its high in April 2006 at $470,660 and its low in February 2012 at $212,795, a change of −54.8%.
Elk Grove median home price by year
Each yearly figure averages the twelve monthly values; the 2026 figure shows the latest month.
| Year | Elk Grove | Change on the year | United States |
|---|---|---|---|
| 2000 | $192,157 | $125,745 | |
| 2001 | $227,633 | +18.5% | $134,899 |
| 2002 | $260,989 | +14.7% | $144,276 |
| 2003 | $300,536 | +15.2% | $155,308 |
| 2004 | $354,561 | +18.0% | $169,891 |
| 2005 | $437,110 | +23.3% | $189,732 |
| 2006 | $465,135 | +6.4% | $206,531 |
| 2007 | $412,074 | −11.4% | $208,449 |
| 2008 | $312,552 | −24.2% | $195,574 |
| 2009 | $247,873 | −20.7% | $177,542 |
| 2010 | $234,140 | −5.5% | $171,462 |
| 2011 | $220,196 | −6.0% | $162,508 |
| 2012 | $218,207 | −0.9% | $161,137 |
| 2013 | $274,585 | +25.8% | $171,420 |
| 2014 | $320,511 | +16.7% | $182,996 |
| 2015 | $342,085 | +6.7% | $192,738 |
| 2016 | $369,928 | +8.1% | $204,509 |
| 2017 | $401,450 | +8.5% | $216,767 |
| 2018 | $437,432 | +9.0% | $230,541 |
| 2019 | $447,944 | +2.4% | $242,088 |
| 2020 | $471,767 | +5.3% | $257,151 |
| 2021 | $568,471 | +20.5% | $295,959 |
| 2022 | $663,408 | +16.7% | $340,014 |
| 2023 | $627,317 | −5.4% | $348,160 |
| 2024 | $652,707 | +4.0% | $359,751 |
| 2025 | $644,419 | −1.3% | $362,959 |
| September 2026 | $624,643 | −1.6% | $366,157 |
Current value of Elk Grove homes bought in each year
This index estimates a typical home's value and is not an appraisal.
Each year's figure averages its twelve monthly index values; the current value is from September 2026. Other choices include the home appreciation calculator.
Are you considering a sale? Compare local agents through Realtor.com. Advertising disclosure: links like this one may earn the site payment, but they do not affect any number. Disclosure.
Elk Grove housing market forecast
For the Sacramento, CA metro, Zillow's forecast calls for a 0.8% decrease across the 12 months from September 2026. A 0.4% decrease is expected during the next three months. Elk Grove's typical value is $624,643. Under the forecast, it would be about $619,600 a year on.
This forecast restates Zillow's central estimate for the metro; the site does not publish a forecast of its own. Forecasts for a 12-month period like this one have usually differed from the realized change by several percentage points, either above or below it. This is not investment advice.
Every metro forecast appears in one table: housing market forecast.
Elk Grove housing market crash risk score
A score of 54 out of 100, on the high side
Against the 292 cities, the score ranks Elk Grove on five conditions that ran high ahead of past price falls. Against the other cities, each input receives a score from 0 to 100. Equal weight is then given to all five scores when they are averaged. It shows current conditions; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −7.1% | 34 | 20% |
| Market time for homes vs 2019 | −1.9% | 33 | 20% |
| Price-to-rent ratio | 19.4 | 58 | 20% |
| Price-to-income ratio | 5.2 | 59 | 20% |
| 12-month price change | −1.6% | 86 | 20% |
This is not investment advice. Find out how the inputs are scored: methodology. See the full ranking of 292 cities: city crash risks.
Elk Grove inventory and days on market
In September 2026 the Sacramento, CA metro listed 5,286 homes for sale. That was 1.8% more than a year earlier and 7.1% fewer than in the same month of 2019. A listing had a median sale time of 51 days (against 2019, −1.9%), and 22.0% of listings received a price cut.
| Sacramento, CA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 5,286 | +1.8% |
| New listings | 2,394 | |
| Median days on market | 51 | −8.9% |
| Median list price | $599,950 | −2.6% |
| Share with a price cut | 22.0% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. All metro areas: days on market by city.
Elk Grove rent and living expenses
The Zillow Observed Rent Index places the typical asking rent in Elk Grove at $2,688 each month, 2.0% higher than a year earlier. The typical home takes 19.4 years of that rent to cover its cost. With a median household income of $120,958 (Census ACS 2024), the typical home costs 5.2 times a year's income. According to BEA, metro prices stand at 106.7 compared with a US average of 100, while housing costs reach 130.2.
Other California housing markets
- Los Angeles $927,891
- For San Diego, the value shown is $980,490.
- For San Jose, the value shown is $1,353,869.
- For San Francisco, the value shown is $1,441,021.
- For Fresno, the value shown is $384,885.
- For Sacramento, the value shown is $470,552.
- Long Beach $852,391
- For Oakland, the value shown is $710,647.
- For Bakersfield, the value shown is $385,686.
- For Anaheim, the value shown is $941,684.
All of California: housing market.
How to read this chart
Each point shows the Zillow Home Value Index for Elk Grove. It gives a typical home's value in the middle third of the market, with smoothing and seasonal adjustment, in that month's dollars. The hollow dot shows the slider's selected month, and the terracotta dot shows the latest month. These figures do not account for inflation, and the index describes a typical home rather than one particular house. Use the card above or the home appreciation calculator to determine one home's value from the sale price of that house.