Cities With the Most Expensive Homes in California – Stacker

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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.

The typical home value in the United States was $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.

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High mortgage rates are also making monthly payments more expensive; as of Jan. 25, the 30-year fixed mortgage rate sits at 6.69%.

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 December 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

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