House Charts

Elk Grove, CA Housing Market: Home Prices & Rent

Updated September 2026 data · city in the Sacramento metro
Elk Grove, CA home values are down 1.6% over the past year, to a typical $625k - 9% below the June 2022 peak. Typical rent is $2,688 a month (+2.0% in a year). That's 9% above the Sacramento-area typical of $573k.
Typical home value
$625k
-1.6% (-$10k) in 12 months
From the peak
-9%
Peak $690k, Jun 2022
Since Dec 2019
+37%
from $455k
Typical rent
$2,688/mo
+2.0% in 12 months
vs Sacramento metro
+9%
metro typical $573k
Days to go under contract
45
Sacramento metro, September 2026

Elk Grove home values since 2000

$200k$400k$600k2000200420082012201620202024Peak $690k (Jun 2022)Now $625k

Last few years

$500k$600k$700k20192020202120222023202420252026Peak $690k (Jun 2022)Now $625k

Rent in Elk Grove

$1,500$2,000$2,500201520172019202120232025Now $2,688

Owning vs renting, monthly

Buying the typical Elk Grove home with 20% down at this week's 7.32% 30-year rate costs about $4,213/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,688/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Elk Grove vs the Sacramento metro, California and the U.S.

Typical home12-month changeTypical rent
Elk Grove, CA$625k-1.6%$2,688/mo
Sacramento metro$573k+0.0%$2,269/mo
California$762k+0.6%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Elk Grove, CA?

Yes - the typical Elk Grove home value is down 1.6% over the past 12 months, at $625k (September 2026). Values are 9% below their June 2022 peak of $690k.

Is the Elk Grove housing market crashing?

Home values are 9% below their June 2022 peak and down 1.6% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Elk Grove, CA?

Typical rent in Elk Grove is $2,688 a month (September 2026), +2.0% over 12 months.

Is Elk Grove more expensive than the rest of the Sacramento area?

The typical Elk Grove home ($625k) is 9% above the Sacramento metro typical of $573k (September 2026).

More of the Sacramento area

Sacramento metro housing market · Roseville

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Elk Grove, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.