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Salinas

Learn about the people, housing, costs and businesses in Salinas

Median Home$796,108
Median Rent$2,055/month
Population437,613
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade15% construction
Home Value Growth⬆⬆+15.9% over 2 years
Family-Friendly26% of residentswell above average
Homeowners52% of occupied units
NotableHigh Incomes$99k/year · top 14% nationally
Salinas

Frequently Asked Questions

What are today's mortgage rates in Salinas?

Mortgage rates for Salinas are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Salinas
What is the median home price in Salinas?

The median home value in Salinas is $796k. The median monthly rent is $2,055. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salinas?

Home values in Salinas have increased 15.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Salinas?

Based on a typical all-in ownership cost of $2,101/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salinas is $99k/year.

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What industries drive the economy in Salinas?

The largest employment sectors in Salinas are public administration (21%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.