California Mortgage Rates & Home Prices (2026)
Median price: $785,000 · Avg. rate: 6.78%
California Market Overview
$785,000
Median Home Price
6.78%
Avg. 30-Yr Rate
0.71%
Property Tax Rate
55.5%
Homeownership Rate
California has the most expensive housing market in the continental US. High FHA loan limits in many counties reflect elevated home values. The CalHFA Dream For All shared appreciation loan program provides up to 20% of the purchase price for first-time buyers.
Estimated Monthly Payment
Median home in California (20% down, 30-yr fixed)
$4,877/mo
Principal & Interest$4,086
Property Taxes$464
Home Insurance (est.)$327
Total Monthly (PITI)$4,877
Based on a $785,000 home with 20% down ($628,000 loan) at 6.78%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in California
- CalHFA MyHome Assistance
- CalHFA Dream For All
- California Housing Finance Agency Forgivable Equity Builder
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: CA Rates
30-Year Fixed6.78%
15-Year Fixed5.98%
5/1 ARM (est.)6.03%
FHA 30-Year6.63%
VA 30-Year6.53%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: CA
FHA Loan Limit$1,149,825
Median Income$91,905
Cost Index1.48x