Home Values in Downey, California — 2026 Market Report
Updated March 2026 | Balanced Market | +1.5% YoY
The median home value in Downey, California is $695,000 as of March 2026, which is above the national median of $400,000. Home values in Downey have increased by 1.5% over the past year and 7.7% over the last five years. With a population of 111,772 and a median household income of $68,250, the price-to-income ratio stands at 10.2x, making Downey affordable for the average household.
Downey Housing Market Conditions
| Metric | Downey | National Avg |
|---|---|---|
| Median Home Value | $695,000 | $400,000 |
| YoY Appreciation | +1.5% | +3.8% |
| 5-Year Appreciation | +7.7% | +22.4% |
| Price per Sq Ft | $475 | $222 |
| Days on Market | 46 days | 45 days |
| Months of Supply | 3.1 | 3.5 |
| List-to-Sale Ratio | 101.4% | 98.5% |
| Monthly Homes Sold | 68 | — |
| Foreclosure Rate | 0.38% | 0.3% |
Home Value Trends in Downey
A homeowner who purchased at the median price of $645,311 five years ago in Downey would have gained approximately $49,689 in equity, representing a 7.7% return on investment. Over the past year alone, the typical homeowner gained $10,271 in home equity.
Affordability in Downey, CA
With a median household income of $68,250 and a median home price of $695,000, the price-to-income ratio in Downey is 10.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,724 compared to estimated monthly ownership costs of $3,742 gives a rent-vs-buy ratio of 1.00. In Downey, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Downey
The effective property tax rate in California is 0.76%. On a home valued at $695,000, the estimated annual property tax bill is $5,282, or approximately $440/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Downey is 132.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Downey, CA?
The median home value in Downey, California is $695,000 as of March 2026. Home values have changed +1.5% over the past year, with a 5-year appreciation of 7.7%.
Is Downey a buyer's or seller's market?
Downey is currently a balanced market with 3.1 months of housing supply. Homes spend an average of 46 days on market, and the list-to-sale price ratio is 101.4%. Supply and demand are relatively balanced.
Are home values going up in Downey?
Yes, home values in Downey have increased by 1.5% over the past year. The 5-year appreciation rate is 7.7%, meaning a home worth $645,311 five years ago is now worth $695,000.
Is it better to rent or buy in Downey?
The average monthly rent in Downey is $3,724, while estimated monthly homeownership costs are approximately $3,742. The price-to-rent ratio is 15.6. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Downey, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.