Los Banos, CA housing market
The typical Los Banos home is worth about $461,000, down 1.7% in a year, 40% below the California typical home. Homes typically sell in 28 days, close to asking.
Home values, sales, trends and how Los Banos compares with the towns next door — updated as new data is published.
Los Banos at a glance
A seller's market
Supply is tight — about 3.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Los Banos | California |
|---|---|---|
| 2017 | $275,000 | $453,000 |
| 2018 | $301,000 | $501,000 |
| 2019 | $327,000 | $539,000 |
| 2020 | $348,000 | $551,000 |
| 2021 | $379,000 | $607,000 |
| 2022 | $459,000 | $703,000 |
| 2023 | $462,000 | $727,000 |
| 2024 | $467,000 | $758,000 |
| 2025 | $479,000 | $782,000 |
| 2026 | $464,000 | $767,000 |
| August 2026 | $461,000 | $764,000 |
183 new homes permitted in 2025
Builders were permitted 183 new homes in Los Banos in 2025, all single-family houses, worth about $60.3 million to build. That's 3.8 per 1,000 residents, faster than across California (2.7). Over the past 10 years, Los Banos has permitted 1,816 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Los Banos gained 9,560 residents while 1,188 new homes were permitted: about 8 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across California: 2.7 new residents per new home.
How Los Banos ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 124 | 124 | 0 | $40.4 million |
| 2025 | 183 | 183 | 0 | $60.3 million |
| 2024 | 140 | 140 | 0 | $47.4 million |
| 2023 | 94 | 91 | 3 | $29.8 million |
| 2022 | 94 | 94 | 0 | $29.2 million |
| 2021 | 114 | 114 | 0 | $56.8 million |
| 2020 | 104 | 104 | 0 | $51.8 million |
| 2019 | 95 | 95 | 0 | $47.4 million |
| 2018 | 284 | 284 | 0 | $62.3 million |
| 2017 | 270 | 270 | 0 | $59.2 million |
| 2016 | 438 | 329 | 109 | $52.3 million |
| 2015 | 43 | 39 | 4 | $8.4 million |
| 2014 | 36 | 32 | 4 | $7 million |
| 2013 | 17 | 17 | 0 | $5.1 million |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 5 | 5 | 0 | $1.1 million |
| 2009 | 19 | 14 | 5 | $3.4 million |
| 2008 | 204 | 99 | 105 | $30.2 million |
| 2007 | 119 | 119 | 0 | $27.6 million |
| 2006 | 381 | 367 | 14 | $64.6 million |
| 2005 | 690 | 690 | 0 | $109.4 million |
| 2004 | 667 | 667 | 0 | $113.2 million |
| 2003 | 509 | 509 | 0 | $74.3 million |
| 2002 | 349 | 349 | 0 | $51.4 million |
| 2001 | 234 | 234 | 0 | $38.1 million |
| 2000 | 537 | 537 | 0 | $74.6 million |
How Los Banos ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.8 years of income
The typical Los Banos home costs about 6.8 years of the town's median household income, less than across California (7.7 years).
How Los Banos ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,760
HUD's Fair Market Rent for a two-bedroom in Los Banos is $1,760 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Los Banos pay a median of $1,557, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,310 · 4 bedrooms $2,930
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (93635; Merced, CA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.