Cities with the most expensive homes in California

Written by:
March 3, 2021
realtor.com

Cities with the most expensive homes in California

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is more than a quarter of a million dollars with a mortgage, and $167,000 without one. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage.

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 January 2021. Listings and images are from realtor.com.

Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic. Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

Do you live in the area with the most expensive real estate market in your state? Keep reading to find out.

1 / 30
realtor.com

#30. San Marino

- Typical home value: $2.4 million
- 1 year home value change: +3.6%
- 10 year home value change: +373.9%
- #48 most expensive city nationwide

- Pictured: 1550 Oak Grove Ave, San Marino ($24.5 million, 8 bedrooms)
2 / 30
realtor.com

#29. Piedmont

- Typical home value: $2.4 million
- 1 year home value change: +6.4%
- 10 year home value change: +366.2%
- #46 most expensive city nationwide

- Pictured: 235 Mountain Ave, Piedmont ($5.6 million, 5 bedrooms)
3 / 30
realtor.com

#28. Emerald Lake Hills

- Typical home value: $2.4 million
- 1 year home value change: +4.7%
- 10 year home value change: +97.0%
- #45 most expensive city nationwide

- Pictured: 626 Lombardy Way, Redwood City ($3.8 million, 5 bedrooms)
4 / 30
realtor.com

#27. Menlo Park

- Typical home value: $2.4 million
- 1 year home value change: +1.3%
- 10 year home value change: +123.4%
- #43 most expensive city nationwide

- Pictured: 23 Sunset Ln, Menlo Park ($11.8 million, 5 bedrooms)
5 / 30
realtor.com

#26. Laguna Beach

- Typical home value: $2.4 million
- 1 year home value change: +10.1%
- 10 year home value change: +130.3%
- #42 most expensive city nationwide

- Pictured: 2431 Riviera Dr, Laguna Beach ($41.5 million, 6 bedrooms)
6 / 30
realtor.com

#25. Burlingame

- Typical home value: $2.4 million
- 1 year home value change: +3.8%
- 10 year home value change: +171.2%
- #41 most expensive city nationwide

- Pictured: 132 Elm Ave, Burlingame ($7.0 million, 4 bedrooms)
7 / 30
realtor.com

#24. Newport Beach

- Typical home value: $2.5 million
- 1 year home value change: +8.5%
- 10 year home value change: +82.3%
- #39 most expensive city nationwide

- Pictured: 21 Waves End, Newport Coast ($34.5 million, 7 bedrooms)
8 / 30
realtor.com

#23. Del Mar

- Typical home value: $2.6 million
- 1 year home value change: +6.5%
- 10 year home value change: +236.5%
- #37 most expensive city nationwide

- Pictured: 2984 Sandy Ln, Del Mar ($18.5 million, 5 bedrooms)
9 / 30
realtor.com

#22. Manhattan Beach

- Typical home value: $2.7 million
- 1 year home value change: +8.1%
- 10 year home value change: +331.7%
- #36 most expensive city nationwide

- Pictured: 1516 The Strand, Manhattan Beach ($17.9 million, 4 bedrooms)
10 / 30
realtor.com

#21. Rancho Santa Fe

- Typical home value: $2.8 million
- 1 year home value change: +8.0%
- 10 year home value change: +44.8%
- #34 most expensive city nationwide

- Pictured: 1850 Sheridan Way, San Marcos ($1.3 million, 5 bedrooms)
11 / 30
realtor.com

#20. Tiburon

- Typical home value: $2.8 million
- 1 year home value change: +12.4%
- 10 year home value change: +98.5%
- #33 most expensive city nationwide

- Pictured: 185 Gilmartin Dr, Tiburon ($17.8 million, 7 bedrooms)
12 / 30
realtor.com

#19. Saratoga

- Typical home value: $3.1 million
- 1 year home value change: +16.6%
- 10 year home value change: +122.9%
- #32 most expensive city nationwide

- Pictured: 22100 Mount Eden Rd, Saratoga ($20.0 million, 4 bedrooms)
13 / 30
realtor.com

#18. Newport Coast

- Typical home value: $3.1 million
- 1 year home value change: +8.0%
- 10 year home value change: +57.4%
- #29 most expensive city nationwide

- Pictured: 21 Waves End, Newport Coast ($34.5 million, 7 bedrooms)
14 / 30
realtor.com

#17. Palo Alto

- Typical home value: $3.2 million
- 1 year home value change: +10.6%
- 10 year home value change: +117.0%
- #28 most expensive city nationwide

- Pictured: 610 Los Trancos Rd, Portola Valley ($53.9 million, 5 bedrooms)
15 / 30
realtor.com

#16. Stanford

- Typical home value: $3.3 million
- 1 year home value change: +0.5%
- 10 year home value change: +82.9%
- #22 most expensive city nationwide

- Pictured: 14 Peter Coutts Cir, Stanford ($1.2 million, 3 bedrooms)
16 / 30
realtor.com

#15. Monte Sereno

- Typical home value: $3.4 million
- 1 year home value change: +11.9%
- 10 year home value change: +78.0%
- #20 most expensive city nationwide

- Pictured: 16125 Greenwood Ln, Monte Sereno ($19.5 million, 6 bedrooms)
17 / 30
realtor.com

#14. Rolling Hills

- Typical home value: $3.4 million
- 1 year home value change: +10.2%
- 10 year home value change: +97.2%
- #19 most expensive city nationwide

- Pictured: 17 E Crest Rd, Rolling Hills ($18.0 million, 5 bedrooms)
18 / 30
realtor.com

#13. Los Altos

- Typical home value: $3.4 million
- 1 year home value change: +13.9%
- 10 year home value change: +108.4%
- #18 most expensive city nationwide

- Pictured: 688 Loyola Dr, Los Altos ($14.0 million, 7 bedrooms)
19 / 30
realtor.com

#12. Malibu

- Typical home value: $3.4 million
- 1 year home value change: +7.7%
- 10 year home value change: +172.7%
- #17 most expensive city nationwide

- Pictured: 27930 Pacific Coast Hwy, Malibu ($115.0 million, 12 bedrooms)
20 / 30
realtor.com

#11. Ross

- Typical home value: $3.5 million
- 1 year home value change: +16.6%
- 10 year home value change: +240.6%
- #16 most expensive city nationwide

- Pictured: 21 Canyon Rd, Ross ($43.0 million, 8 bedrooms)
21 / 30
realtor.com

#10. Montecito

- Typical home value: $3.6 million
- 1 year home value change: +10.1%
- 10 year home value change: +99.3%
- #15 most expensive city nationwide

- Pictured: 749 San Ysidro Rd, Santa Barbara ($62.0 million, 4 bedrooms)
22 / 30
realtor.com

#9. Woodside

- Typical home value: $3.6 million
- 1 year home value change: +2.1%
- 10 year home value change: +194.6%
- #14 most expensive city nationwide

- Pictured: 329 Albion Ave, Woodside ($135.0 million, 34 bedrooms)
23 / 30
realtor.com

#8. Hidden Hills

- Typical home value: $3.7 million
- 1 year home value change: +10.3%
- 10 year home value change: +133.8%
- #13 most expensive city nationwide

- Pictured: 5521 Paradise Valley Rd, Hidden Hills ($29.0 million, 6 bedrooms)
24 / 30
realtor.com

#7. Beverly Hills

- Typical home value: $3.7 million
- 1 year home value change: +7.7%
- 10 year home value change: +226.3%
- #12 most expensive city nationwide

- Pictured: 67 Beverly Park Ct, Beverly Hills ($160.0 million, 13 bedrooms)
25 / 30
realtor.com

#6. Stinson Beach

- Typical home value: $3.9 million
- 1 year home value change: +11.5%
- 10 year home value change: +157.0%
- #11 most expensive city nationwide

- Pictured: 3295 Shoreline Highway 1, Stinson Beach ($2.7 million, 1 bedrooms)
26 / 30
realtor.com

#5. Portola Valley

- Typical home value: $4.1 million
- 1 year home value change: -3.4%
- 10 year home value change: +142.8%
- #10 most expensive city nationwide

- Pictured: 610 Los Trancos Rd, Portola Valley ($53.9 million, 5 bedrooms)
27 / 30
realtor.com

#4. Belvedere

- Typical home value: $4.2 million
- 1 year home value change: +14.4%
- 10 year home value change: +144.9%
- #9 most expensive city nationwide

- Pictured: 74 Bellevue Ave, Belvedere ($25.5 million, 4 bedrooms)
28 / 30
realtor.com

#3. Hillsborough

- Typical home value: $4.6 million
- 1 year home value change: +2.6%
- 10 year home value change: +194.3%
- #6 most expensive city nationwide

- Pictured: 1868 Floribunda Ave, Hillsborough ($55.0 million, 8 bedrooms)
29 / 30
realtor.com

#2. Los Altos Hills

- Typical home value: $4.7 million
- 1 year home value change: +10.7%
- 10 year home value change: +85.3%
- #5 most expensive city nationwide

- Pictured: 27500 La Vida Real, Los Altos Hills ($40.0 million, 5 bedrooms)
30 / 30
realtor.com

#1. Atherton

- Typical home value: $6.6 million
- 1 year home value change: +1.8%
- 10 year home value change: +193.4%
- #1 most expensive city nationwide

- Pictured: 191 Britton Ave, Atherton ($32.0 million, 5 bedrooms)

Trending Now