SALINAS Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Salinas averaged 6.56% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.83% and one month ago for the week of 2024-02-15, the average rate was 6.56%.

Salinas's average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-03-21, the average rate was 6.96%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Salinas 30 Year Fixed Rate 2024-03-21 6.56%
Salinas 30 Year Fixed Rate Refi 2024-03-21 6.96%
Salinas 15 Year Fixed Rate 2024-03-21 6.11%
Salinas 15 Year Fixed Rate Refi 2024-03-21 6.81%
Salinas 30 Year FHA 2024-03-21 6.51%
Salinas 30 Year FHA Refi 2024-03-21 6.5%
Salinas 30 Year USDA 2024-03-21 6.67%
Salinas 30 Year USDA Refi 2024-03-21 6.67%
Salinas 30 Year VA 2024-03-21 6.35%
Salinas 30 Year VA Refi 2024-03-21 6.34%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SALINAS, CA.

SALINAS Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SALINAS, CA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 211 6.65% $11,360
QUICKEN LOANS, LLC 121 6.56% $9,921
CROSSCOUNTRY MORTGAGE, LLC 74 6.87% $12,270
U.S. Bank 66 6.16% $7,764
Wells Fargo Bank 59 6.29% $6,433
SUMMIT FUNDING, INC. 48 7.03% $11,724
S1L, Inc. 46 7.08% $13,308
JPMorgan Chase Bank 37 6.51% $6,546
Bank of America 35 5.93% $6,351
PREMIER MORTGAGE RESOURCES, L.L.C. 34 6.49% $10,037
Century Mortgage Company DBA Century Lending Company 33 6.64% $10,701
LOANDEPOT.COM, LLC 31 6.83% $8,232
Shea Mortgage Inc. 28 6.71% $2,602
PRIMELENDING, A PLAINSCAPITAL COMPANY 23 6.93% $13,520
GUARANTEED RATE, INC. 20 6.30% $8,236
AMERICAN PACIFIC MORTGAGE CORPORATION 17 6.75% $10,757
Morgan Stanley Private Bank 17 5.47% $6,064
RESIDENTIAL BANCORP 15 6.31% $15,670
MASON MCDUFFIE MORTGAGE CORPORATION 15 6.55% $13,643
Mechanics Bank 15 6.40% $4,826
GUARANTEED RATE AFFINITY, LLC 13 6.65% $12,229
BAY 13 6.61% $6,836
Paramount Residential Mortgage Group, Inc. 12 7.09% $12,577
Citibank 12 5.50% $8,819
PENNYMAC LOAN SERVICES, LLC 12 6.85% $9,598
BMO Harris Bank 12 5.89% $7,115
OCMBC, INC. 11 8.15% $15,994
CMG MORTGAGE, INC. 10 6.69% $15,022
BAY-VALLEY MORTGAGE GROUP 9 7.56% $15,318
MOUNTAIN WEST FINANCIAL, INC. 9 7.05% $10,001
Charles Schwab Bank, SSB 9 5.38% $5,922
NAVY FEDERAL CREDIT UNION 8 6.25% $13,874
PNC Bank 7 6.16% $5,463
GUILD MORTGAGE COMPANY 7 7.23% $14,916
First Republic Bank 7 5.24% $13,564
THE GOLDEN 1 7 6.20% $6,763
Raymond James Bank 6 5.19% $4,453
ENVOY MORTGAGE, LTD 6 5.94% $16,366
Mr. Cooper ( Nationstar Mortgage ) 6 6.04% $15,098
Axos Bank 5 8.10% $19,303
GOOGAIN, INC. 5 7.00% $9,340
PROVIDENT FUNDING ASSOCIATES, L.P. 5 6.50% $7,068
NEWREZ LLC 5 7.27% $13,331
BROKER SOLUTIONS, INC. 5 7.17% $8,499
AMERISAVE MORTGAGE CORPORATION 5 6.30% $8,517
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.75% $12,405
SCHOOLSFIRST 4 5.88% $3,932
NMSI, INC. 4 6.53% $10,393
Zions Bank 4 6.38% $6,247
NEXERA HOLDING LLC 4 8.63% $14,993
Commerce Home Mortgage, Inc. 4 8.28% $20,067
Fremont Bank 4 6.65% $10,791
BAY EQUITY LLC 4 6.53% $8,626
HOMEXPRESS MORTGAGE CORP. 4 8.12% $15,967
ACADEMY MORTGAGE CORPORATION 4 7.22% $14,623
Provident Credit Union 4 6.66% $4,096
Citadel Servicing Corporation 3 8.00% $16,309
PENTAGON FEDERAL CREDIT UNION 3 5.88% $5,994
PATELCO 3 6.17% $4,260
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.66% $15,996
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.66% $7,252
STAR ONE CREDIT UNION 3 5.96% $3,699
Northpointe Bank 3 6.25% $5,243
First-Citizens Bank & Trust Company 3 5.72% $4,395
SUN WEST MORTGAGE COMPANY, INC. 3 6.63% $18,108
UBS Bank USA 3 6.04% $5,654
MK LENDING CORP. 3 7.58% $12,513
American Mortgage & Equity Consultants, Inc. 3 7.17% $22,972
City National Bank 2 5.33% $5,025
A&D Mortgage LLC 2 8.75% $26,147
Ally Bank 2 5.88% $11,675
ARC HOME LLC 2 8.06% $42,408
BNY Mellon 2 6.25% $8,219
Citizens Bank 2 6.31% $5,360
First National Bank of America 2 9.56% $14,872
Franklin Loan Corporation 2 7.31% $7,042
Hometown Equity Mortgage, LLC 2 6.81% $11,179
JMAC LENDING, INC. 2 6.93% $16,739
KINECTA 2 6.13% $14,616
LADERA LENDING, INC. 2 6.81% $6,587
Luther Burbank Savings 2 6.56% $7,137
MICHIGAN MUTUAL, INC. 2 6.06% $19,514
MOVEMENT MORTGAGE, LLC 2 6.88% $14,664
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.93% $9,735
REDWOOD 2 7.81% $0
STANFORD Federal Credit Union 2 6.56% $5,041
The Loan Store, Inc. 2 6.44% $16,839
TOWNE MORTGAGE COMPANY 2 6.19% $5,672
Truist 2 6.35% $8,767
USAA Federal Savings Bank 2 6.50% $11,036
ZILLOW HOME LOANS, LLC 2 6.63% $14,060
HighTechLending Inc 1 6.75% $7,831
AMERICAN FINANCIAL NETWORK, INC. 1 8.63% $5,335
Heritage Bank 1 7.38% $12,358
5TH STREET CAPITAL, INC. 1 8.88% $12,553
NATIONS DIRECT MORTGAGE, LLC 1 6.75% $10,585
Goldman Sachs Bank USA 1 5.30% $3,664
NBKC BANK 1 5.63% $10,563
NETWORK CAPITAL FUNDING CORPORATION 1 8.50% $14,094
FREEDOM MORTGAGE CORPORATION 1 6.38% $6,668
NEW WAVE LENDING GROUP INC 1 7.63% $19,496
First Federal Bank 1 8.00% $7,546
First City Credit Union 1 5.13% $5,725
Firefighters First Federal Credit Union 1 5.25% $0
Northwest Farm Credit Services, FLCA 1 7.95% $3,896
OAKTREE FUNDING CORP. 1 7.75% $4,807
Financial Partners Credit Union 1 7.38% $3,388
ONY GLO, INC. 1 5.88% $5,546
Operating Engineers Local Union #3 1 6.13% $4,433
Evolve Bank & Trust 1 7.13% $3,547
PACIFIC SERVICE 1 7.25% $2,509
Equity Prime Mortgage LLC 1 7.50% $10,728
DRAPER AND KRAMER MORTGAGE CORP. 1 6.99% $4,424
DIGNIFIED HOME LOANS, LLC 1 7.13% $5,984
DATA MORTGAGE, INC. 1 6.88% $12,804
Performance Financial, Inc. 1 8.50% $15,891
Pinnacle Bank 1 6.88% $6,352
Plains Commerce Bank 1 5.63% $8,900
PLAZA HOME MORTGAGE, INC. 1 7.13% $14,054
Comerica Bank 1 6.38% $3,322
COASTAL FUNDING SLC, INC. 1 7.00% $10,905
21ST MORTGAGE CORPORATION 1 9.25% $10,618
Prosperity Home Mortgage, LLC 1 6.00% $12,264
Carrington Mortgage Services, LLC 1 6.88% $9,813
CARDINAL FINANCIAL 1 6.63% $11,846
California Coast Credit Union 1 7.50% $2,821
Quontic Bank 1 9.75% $18,861
BETTER MORTGAGE CORPORATION 1 4.63% $20,377
AMCAP MORTGAGE, LTD. 1 7.25% $7,312
Bethpage Federal Credit Union 1 5.38% $4,017
Banner Bank 1 7.88% $4,036
San Mateo Credit Union 1 7.13% $5,342
Bank of England 1 6.25% $11,209
Service Federal Credit Union 1 4.88% $6,703
AXIA FINANCIAL, LLC 1 5.75% $4,502
Sierra Pacific Mortgage Company, Inc. 1 6.75% $16,583
V.I.P. MORTGAGE, INC. 1 7.75% $6,289
AUGUSTA FINANCIAL, INC. 1 6.50% $29,924
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $7,132
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.00% $23,590
The Central Trust Bank 1 5.99% $2,628
Ameris Bank 1 5.63% $5,417
VISION ONE MORTGAGE, INC. 1 7.50% $15,540
The Northern Trust Company 1 5.88% $5,537
Watermark Capital, Inc. 1 6.61% $4,612
Toyota Financial Savings Bank 1 6.38% $4,095
Tri Counties Bank 1 6.13% $6,593
ALAMEDA MORTGAGE CORPORATION 1 5.88% $26,132
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.25% $13,919
LOGIX FEDERAL CREDIT UNION 1 5.63% $5,694
AmeriHome Mortgage Company, LLC 1 6.38% $8,134
LENDSURE MORTGAGE CORP. 1 8.75% $16,749
KD CAPITAL MORTGAGE CORPORATION 1 6.88% $9,632
MEMBER FIRST MORTGAGE, LLC 1 6.00% $10,630
UNITED 1 6.88% $3,560
HSBC BANK USA, NATIONAL ASSOCIATION 1 6.54% $7,898
Monterey Credit Union 1 8.13% $1,901
HOME APPROVALS DIRECT, INC. 1 7.38% $18,643
MORIA DEVELOPMENT, INC. 1 7.63% $7,375

SALINAS Average Closing Costs & Other Stats

SALINAS, CA's 159 lenders originated 3,071 loans during 2023. The total origination value was $1,701,655,000, with an average loan value of $554,105.

SALINAS's average closing costs are $6,865.

The top SALINAS lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 211 loans originated. Their average total fees are $11,360, which is $1,439 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee SALINAS lenders (with over 10 loans originated) are Shea Mortgage Inc. ($2,602), Mechanics Bank ($4,826), Morgan Stanley Private Bank ($6,064), Bank of America ($6,351) and Wells Fargo Bank ($6,433).

The lowest rate SALINAS lenders (with over 10 loans originated) are Morgan Stanley Private Bank (5.47%), Citibank (5.50%), BMO Harris Bank (5.89%), Bank of America (5.93%) and U.S. Bank (6.16%).

SALINAS, CA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
UNITED WHOLESALE MORTGAGE, LLC $341,800,000 $205,385,000 -39.9% 12.1%
QUICKEN LOANS, LLC $206,985,000 $86,720,000 -58.1% 5.1%
U.S. Bank $97,870,000 $84,545,000 -13.6% 5.0%
Bank of America $209,120,000 $69,665,000 -66.7% 4.1%
JPMorgan Chase Bank $148,570,000 $64,445,000 -56.6% 3.8%
CROSSCOUNTRY MORTGAGE, LLC $72,075,000 $63,420,000 -12.0% 3.7%
MACKILLIE INCORPORATED $28,740,000 $62,260,000 116.6% 3.7%
Wells Fargo Bank $185,195,000 $57,485,000 -69.0% 3.4%
PREMIER MORTGAGE RESOURCES, L.L.C. $51,800,000 $46,610,000 -10.0% 2.7%
S1L, Inc. $58,660,000 $42,075,000 -28.3% 2.5%
LOANDEPOT.COM, LLC $63,050,000 $38,960,000 -38.2% 2.3%
SUMMIT FUNDING, INC. $42,255,000 $36,540,000 -13.5% 2.1%
Citibank $33,155,000 $34,100,000 2.9% 2.0%
Century Mortgage Company DBA Century Lending Company $2,375,000 $33,730,000 1,320.2% 2.0%
Morgan Stanley Private Bank $58,720,000 $25,680,000 -56.3% 1.5%
Mechanics Bank $51,825,000 $24,790,000 -52.2% 1.5%
Shea Mortgage Inc. $22,610,000 $23,505,000 4.0% 1.4%
RESIDENTIAL BANCORP $12,560,000 $21,125,000 68.2% 1.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $45,510,000 $20,450,000 -55.1% 1.2%
GUARANTEED RATE, INC. $31,110,000 $19,935,000 -35.9% 1.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $27,215,000 $18,180,000 -33.2% 1.1%
OCMBC, INC. $4,420,000 $18,040,000 308.1% 1.1%
PENNYMAC LOAN SERVICES, LLC $17,085,000 $18,015,000 5.4% 1.1%
First Republic Bank $220,900,000 $17,490,000 -92.1% 1.0%
BMO Harris Bank $8,220,000 $16,220,000 97.3% 1.0%
NAVY FEDERAL CREDIT UNION $19,635,000 $15,710,000 -20.0% 0.9%
Fremont Bank $34,070,000 $15,410,000 -54.8% 0.9%
BAY $21,725,000 $14,930,000 -31.3% 0.9%
Paramount Residential Mortgage Group, Inc. $15,605,000 $12,985,000 -16.8% 0.8%
MASON MCDUFFIE MORTGAGE CORPORATION $37,720,000 $12,160,000 -67.8% 0.7%
Charles Schwab Bank, SSB $28,850,000 $11,560,000 -59.9% 0.7%
THE GOLDEN 1 $20,710,000 $11,470,000 -44.6% 0.7%
Raymond James Bank $4,710,000 $11,320,000 140.3% 0.7%
GUARANTEED RATE AFFINITY, LLC $22,460,000 $11,025,000 -50.9% 0.6%
PNC Bank $21,135,000 $10,660,000 -49.6% 0.6%
BAY-VALLEY MORTGAGE GROUP $10,570,000 n/a 0.6%
CMG MORTGAGE, INC. $19,195,000 $10,015,000 -47.8% 0.6%
Commerce Home Mortgage, Inc. $20,250,000 $9,725,000 -52.0% 0.6%
City National Bank $15,855,000 $9,680,000 -38.9% 0.6%
BNY Mellon $3,275,000 $8,510,000 159.8% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $26,195,000 $7,195,000 -72.5% 0.4%
HOMEXPRESS MORTGAGE CORP. $11,690,000 $7,030,000 -39.9% 0.4%
STAR ONE CREDIT UNION $7,350,000 $6,920,000 -5.9% 0.4%
Axos Bank $6,925,000 $6,215,000 -10.3% 0.4%
Luther Burbank Savings $5,480,000 $6,125,000 11.8% 0.4%
Hometown Equity Mortgage, LLC $5,650,000 $6,005,000 6.3% 0.4%
Bank of Stockton $5,760,000 n/a 0.3%
AMWEST FUNDING CORP. $3,275,000 $5,735,000 75.1% 0.3%
NEWREZ LLC $13,725,000 $5,610,000 -59.1% 0.3%
Comerica Bank $15,585,000 $5,555,000 -64.4% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $12,105,000 $5,470,000 -54.8% 0.3%
ORANGE COUNTY'S CREDIT UNION $5,325,000 n/a 0.3%
Zions Bank $2,115,000 $5,270,000 149.2% 0.3%
ENVOY MORTGAGE, LTD $39,390,000 $5,145,000 -86.9% 0.3%
GUILD MORTGAGE COMPANY $11,180,000 $5,040,000 -54.9% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $12,695,000 $5,020,000 -60.5% 0.3%
Citadel Servicing Corporation $4,520,000 $4,780,000 5.8% 0.3%
SUN WEST MORTGAGE COMPANY, INC. $4,595,000 $4,690,000 2.1% 0.3%
Truist $4,645,000 $4,690,000 1.0% 0.3%
UBS Bank USA $26,420,000 $4,605,000 -82.6% 0.3%
LENDINGHOME FUNDING CORPORATION $905,000 $4,580,000 406.1% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $6,795,000 $4,530,000 -33.3% 0.3%
SCHOOLSFIRST $1,520,000 $4,460,000 193.4% 0.3%
MOUNTAIN WEST FINANCIAL, INC. $14,265,000 $4,455,000 -68.8% 0.3%
FINANCE OF AMERICA REVERSE LLC $41,565,000 $4,365,000 -89.5% 0.3%
ACADEMY MORTGAGE CORPORATION $3,205,000 $4,265,000 33.1% 0.3%
Mortgage Research Center, LLC $7,720,000 $3,835,000 -50.3% 0.2%
First-Citizens Bank & Trust Company $9,605,000 $3,765,000 -60.8% 0.2%
PENTAGON FEDERAL CREDIT UNION $5,830,000 $3,705,000 -36.4% 0.2%
PATELCO $2,370,000 $3,635,000 53.4% 0.2%
American Mortgage & Equity Consultants, Inc. $3,625,000 n/a 0.2%
BROKER SOLUTIONS, INC. $12,395,000 $3,555,000 -71.3% 0.2%
ARC HOME LLC $7,085,000 $3,540,000 -50.0% 0.2%
Figure Lending LLC $2,845,000 $3,435,000 20.7% 0.2%
STANFORD Federal Credit Union $4,970,000 $3,430,000 -31.0% 0.2%
A&D Mortgage LLC $2,330,000 $3,210,000 37.8% 0.2%
LONGBRIDGE FINANCIAL, LLC $5,145,000 $3,055,000 -40.6% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,790,000 $3,045,000 70.1% 0.2%
KINECTA $7,305,000 $3,005,000 -58.9% 0.2%
FUNDLOANS CAPITAL $2,755,000 n/a 0.2%
NEXERA HOLDING LLC $7,555,000 $2,665,000 -64.7% 0.2%
Carrington Mortgage Services, LLC $5,945,000 $2,560,000 -56.9% 0.2%
AMERISAVE MORTGAGE CORPORATION $15,700,000 $2,540,000 -83.8% 0.1%
Provident Credit Union $5,105,000 $2,540,000 -50.2% 0.1%
GOOGAIN, INC. $505,000 $2,520,000 399.0% 0.1%
Bethpage Federal Credit Union $645,000 $2,515,000 289.9% 0.1%
NMSI, INC. $1,125,000 $2,480,000 120.4% 0.1%
Discover Bank $2,340,000 $2,430,000 3.8% 0.1%
JMAC LENDING, INC. $505,000 $2,415,000 378.2% 0.1%
NEW WAVE LENDING GROUP INC $775,000 $2,395,000 209.0% 0.1%
Third Federal Savings and Loan Association of Cleveland $1,860,000 $2,050,000 10.2% 0.1%
HomeTrust Bank $505,000 $2,040,000 304.0% 0.1%
FREEDOM MORTGAGE CORPORATION $14,440,000 $2,020,000 -86.0% 0.1%
HighTechLending Inc $1,135,000 $2,015,000 77.5% 0.1%
VAL-CHRIS INVESTMENTS, INC. $2,015,000 n/a 0.1%
Citizens Bank $1,050,000 $2,005,000 91.0% 0.1%
Goldman Sachs Bank USA $3,460,000 $2,005,000 -42.1% 0.1%
DEEPHAVEN MORTGAGE LLC $1,370,000 $1,995,000 45.6% 0.1%
ALLIANT CREDIT UNION $2,885,000 $1,955,000 -32.2% 0.1%
SPRING EQ, LLC $7,085,000 $1,835,000 -74.1% 0.1%
The Federal Savings Bank $4,000,000 $1,835,000 -54.1% 0.1%
Heritage Bank $1,820,000 n/a 0.1%
PACIFIC RESIDENTIAL MORTGAGE, LLC $635,000 $1,815,000 185.8% 0.1%
Tri Counties Bank $1,530,000 $1,815,000 18.6% 0.1%
21ST MORTGAGE CORPORATION $1,360,000 $1,750,000 28.7% 0.1%
CALCON MUTUAL MORTGAGE LLC $1,710,000 $1,700,000 -0.6% 0.1%
LOGIX FEDERAL CREDIT UNION $1,945,000 $1,660,000 -14.7% 0.1%
Northpointe Bank $4,340,000 $1,635,000 -62.3% 0.1%
The Loan Store, Inc. $1,595,000 n/a 0.1%
BAY EQUITY LLC $16,600,000 $1,590,000 -90.4% 0.1%
MK LENDING CORP. $525,000 $1,475,000 181.0% 0.1%
CARDINAL FINANCIAL $11,210,000 $1,465,000 -86.9% 0.1%
REDWOOD $305,000 $1,445,000 373.8% 0.1%
MOVEMENT MORTGAGE, LLC $5,985,000 $1,380,000 -76.9% 0.1%
Inwood National Bank $1,875,000 $1,375,000 -26.7% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $505,000 $1,365,000 170.3% 0.1%
HSBC BANK USA, NATIONAL ASSOCIATION $305,000 $1,365,000 347.5% 0.1%
ALAMEDA MORTGAGE CORPORATION $535,000 $1,350,000 152.3% 0.1%
AUGUSTA FINANCIAL, INC. $2,840,000 $1,335,000 -53.0% 0.1%
Coastal Community Bank $1,310,000 n/a 0.1%
USAA Federal Savings Bank $2,095,000 $1,310,000 -37.5% 0.1%
TRIAD FINANCIAL SERVICES, INC. $1,200,000 $1,290,000 7.5% 0.1%
LENDSURE MORTGAGE CORP. $3,140,000 $1,270,000 -59.6% 0.1%
ZILLOW HOME LOANS, LLC $1,635,000 $1,265,000 -22.6% 0.1%
Franklin Loan Corporation $1,260,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $1,255,000 n/a 0.1%
Logan Finance Corporation $1,250,000 n/a 0.1%
Flagstar Bank, FSB $17,045,000 $1,210,000 -92.9% 0.1%
Keystone Funding, Inc. $1,180,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $1,120,000 $1,180,000 5.4% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $740,000 $1,165,000 57.4% 0.1%
SeaTrust Mortgage Company $1,165,000 n/a 0.1%
COASTAL FUNDING SLC, INC. $2,145,000 $1,150,000 -46.4% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $5,900,000 $1,135,000 -80.8% 0.1%
VISION ONE MORTGAGE, INC. $950,000 $1,135,000 19.5% 0.1%
NATIONS DIRECT MORTGAGE, LLC $2,635,000 $1,050,000 -60.2% 0.1%
Equity Prime Mortgage LLC $680,000 $1,040,000 52.9% 0.1%
EQUITY WAVE LENDING, INC. $1,035,000 n/a 0.1%
San Mateo Credit Union $1,005,000 n/a 0.1%
PHH Mortgage Corporation $5,155,000 $1,000,000 -80.6% 0.1%
VILLAGE CAPITAL MORTGAGE $195,000 $995,000 410.3% 0.1%
BNC National Bank $2,325,000 $985,000 -57.6% 0.1%
AMERICAN HERITAGE LENDING, INC. $970,000 n/a 0.1%
The Northern Trust Company $945,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $2,210,000 $930,000 -57.9% 0.1%
OAKTREE FUNDING CORP. $565,000 $910,000 61.1% 0.1%
TOWNE MORTGAGE COMPANY $640,000 $910,000 42.2% 0.1%
American Riviera Bank $4,460,000 $905,000 -79.7% 0.1%
THE POLICE Credit Union $190,000 $895,000 371.1% 0.1%
Cornerstone First Mortgage, Inc $890,000 n/a 0.1%
AMCAP MORTGAGE, LTD. $3,950,000 $870,000 -78.0% 0.1%
Firefighters First Federal Credit Union $790,000 $865,000 9.5% 0.1%
First National Bank of America $395,000 $840,000 112.7% 0.0%
KD CAPITAL MORTGAGE CORPORATION $1,555,000 $830,000 -46.6% 0.0%
Golden Empire Mortgage, Inc. $2,465,000 $825,000 -66.5% 0.0%
PLANET HOME LENDING, LLC $4,465,000 $815,000 -81.7% 0.0%
CLEARPATH LENDING $2,470,000 $805,000 -67.4% 0.0%
Performance Financial, Inc. $805,000 n/a 0.0%
First Federal Bank $785,000 n/a 0.0%
DATA MORTGAGE, INC. $2,805,000 $765,000 -72.7% 0.0%
5TH STREET CAPITAL, INC. $2,690,000 $755,000 -71.9% 0.0%
East West Bank $1,250,000 $755,000 -39.6% 0.0%
American Airlines Federal Credit Union $745,000 n/a 0.0%
ONY GLO, INC. $2,170,000 $745,000 -65.7% 0.0%
FIRST TECHNOLOGY $3,040,000 $735,000 -75.8% 0.0%
Union Savings Bank $735,000 n/a 0.0%
ALTITUDE FINANCIAL CORPORATION $725,000 n/a 0.0%
Pinnacle Bank $5,890,000 $725,000 -87.7% 0.0%
Plains Commerce Bank $725,000 n/a 0.0%
NBKC BANK $1,530,000 $720,000 -52.9% 0.0%
AEROSPACE FEDERAL CREDIT UNION $695,000 n/a 0.0%
General Mortgage Capital Corporation $4,065,000 $695,000 -82.9% 0.0%
PLAZA HOME MORTGAGE, INC. $1,440,000 $675,000 -53.1% 0.0%
Ally Bank $2,655,000 $670,000 -74.8% 0.0%
Sierra Pacific Mortgage Company, Inc. $8,430,000 $665,000 -92.1% 0.0%
CHURCHILL MORTGAGE CORPORATION $2,150,000 $655,000 -69.5% 0.0%
HOME APPROVALS DIRECT, INC. $1,420,000 $655,000 -53.9% 0.0%
Ameris Bank $855,000 $625,000 -26.9% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,410,000 $625,000 -74.1% 0.0%
Quontic Bank $625,000 n/a 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $820,000 $615,000 -25.0% 0.0%
Operating Engineers Local Union #3 $385,000 $610,000 58.4% 0.0%
TECHNOLOGY $4,820,000 $610,000 -87.3% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $605,000 n/a 0.0%
Toyota Financial Savings Bank $6,930,000 $605,000 -91.3% 0.0%
Northwest Farm Credit Services, FLCA $600,000 n/a 0.0%
Bank of England $775,000 $575,000 -25.8% 0.0%
DIGNIFIED HOME LOANS, LLC $4,785,000 $575,000 -88.0% 0.0%
First Bank $965,000 $575,000 -40.4% 0.0%
Banner Bank $1,325,000 $565,000 -57.4% 0.0%
PremierOne Credit Union $220,000 $565,000 156.8% 0.0%
Educational Employees Credit Union $1,340,000 $555,000 -58.6% 0.0%
UNCLE Credit Union $555,000 n/a 0.0%
LADERA LENDING, INC. $2,305,000 $550,000 -76.1% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $545,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $1,150,000 $525,000 -54.3% 0.0%
Prosperity Home Mortgage, LLC $1,190,000 $525,000 -55.9% 0.0%
The Central Trust Bank $525,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $2,965,000 $515,000 -82.6% 0.0%
Evolve Bank & Trust $505,000 n/a 0.0%
Stifel Bank and Trust $455,000 $505,000 11.0% 0.0%
VALLEY STRONG CREDIT UNION $805,000 $505,000 -37.3% 0.0%
Service Federal Credit Union $540,000 $500,000 -7.4% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $1,185,000 $485,000 -59.1% 0.0%
BETTER MORTGAGE CORPORATION $4,650,000 $465,000 -90.0% 0.0%
Financial Partners Credit Union $215,000 $465,000 116.3% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $3,955,000 $465,000 -88.2% 0.0%
Bank-Fund Staff Federal Credit Union $445,000 n/a 0.0%
Greenbox Loans, Inc. $590,000 $445,000 -24.6% 0.0%
LANTZMAN MANAGEMENT, INC. $2,150,000 $425,000 -80.2% 0.0%
PACIFIC SERVICE $1,610,000 $425,000 -73.6% 0.0%
GEORGIA'S OWN $2,350,000 $415,000 -82.3% 0.0%
California Coast Credit Union $255,000 $410,000 60.8% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $240,000 $395,000 64.6% 0.0%
AmeriHome Mortgage Company, LLC $1,960,000 $345,000 -82.4% 0.0%
UNITED $345,000 n/a 0.0%
BECKAM FUNDING CORP. $545,000 $325,000 -40.4% 0.0%
Monterey Credit Union $5,035,000 $320,000 -93.6% 0.0%
SEA WEST COAST GUARD FEDERAL CREDIT UNION $2,545,000 $320,000 -87.4% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $645,000 $305,000 -52.7% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $1,040,000 $305,000 -70.7% 0.0%
United States Senate Federal Credit Union $305,000 n/a 0.0%
MERIWEST $1,980,000 $290,000 -85.4% 0.0%
Connexus Credit Union $280,000 n/a 0.0%
Alaska USA Federal Credit Union $175,000 $275,000 57.1% 0.0%
First City Credit Union $255,000 n/a 0.0%
HomeStreet Bank $2,785,000 $255,000 -90.8% 0.0%
MORIA DEVELOPMENT, INC. $425,000 $255,000 -40.0% 0.0%
Watermark Capital, Inc. $1,145,000 $255,000 -77.7% 0.0%
SESLOC $190,000 $250,000 31.6% 0.0%
LOANPAL, LLC $1,240,000 $245,000 -80.2% 0.0%
DIGITAL Federal Credit Union $240,000 n/a 0.0%
SANTA CLARA COUNTY $215,000 $235,000 9.3% 0.0%
GTE Federal Credit Union $890,000 $230,000 -74.2% 0.0%
CIS Financial Services, Inc. $205,000 n/a 0.0%
RBC Bank, (Georgia) $205,000 n/a 0.0%
AXIA FINANCIAL, LLC $155,000 n/a 0.0%
SAFE CREDIT UNION $150,000 n/a 0.0%
CommonWealth Central Credit Union $105,000 n/a 0.0%
USC Credit Union $105,000 n/a 0.0%
INTELLILOAN, INC. $940,000 $75,000 -92.0% 0.0%
SANTA CRUZ COMMUNITY CREDIT UNION $75,000 n/a 0.0%
FIRST ENTERTAINMENT $425,000 $65,000 -84.7% 0.0%
SAN FRANCISCO FIRE CREDIT UNION $255,000 $55,000 -78.4% 0.0%
TRAVIS CREDIT UNION $455,000 $25,000 -94.5% 0.0%

SALINAS's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.1% market share. In second place, with 5.1%, is QUICKEN LOANS, LLC, having originated $86,720,000 in loans. In third place, with 5.0%, is U.S. Bank, having originated $84,545,000 in loans. In fourth place, with 4.1%, is Bank of America, having originated $69,665,000 in loans. In fifth place, with 3.8%, is JPMorgan Chase Bank, having originated $64,445,000 in loans.


SALINAS Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - SALINAS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $931,050 (7.4%) $2,034,492 (9.8%) 3.45 557
2018-02-01 $995,000 (9.1%) $2,070,744 (-1.0%) 3.61 573
2018-03-01 $984,500 (6.2%) $1,967,445 (-7.1%) 3.45 613
2018-04-01 $936,450 (-0.3%) $2,069,506 (1.3%) 3.17 655
2018-05-01 $955,500 (2.5%) $2,063,554 (3.6%) 3.19 672
2018-06-01 $975,000 (2.6%) $2,110,917 (2.9%) 3.25 676
2018-07-01 $935,451 (-2.5%) $1,970,267 (-4.0%) 3.12 737
2018-08-01 $886,000 (-6.7%) $2,002,435 (-0.9%) 2.97 762
2018-09-01 $892,500 (-5.6%) $2,022,100 (1.3%) 3.00 797
2018-10-01 $862,175 (-7.6%) $1,945,527 (-0.1%) 2.92 818
2018-11-01 $851,694 (-9.6%) $1,935,578 (0.4%) 2.89 805
2018-12-01 $869,500 (-7.5%) $1,949,092 (-2.5%) 3.00 740
2019-01-01 $854,750 (-8.2%) $1,991,187 (-2.1%) 2.95 656
2019-02-01 $910,000 (-8.5%) $2,045,070 (-1.2%) 3.07 690
2019-03-01 $937,857 (-4.7%) $2,051,776 (4.3%) 3.07 702
2019-04-01 $992,000 (5.9%) $2,075,899 (0.3%) 3.15 710
2019-05-01 $996,750 (4.3%) $2,020,378 (-2.1%) 3.12 734
2019-06-01 $1,095,000 (12.3%) $2,157,119 (2.2%) 3.42 793
2019-07-01 $1,115,000 (19.2%) $2,156,219 (9.4%) 3.49 803
2019-08-01 $1,161,364 (31.1%) $2,221,273 (10.9%) 3.68 806
2019-09-01 $1,140,909 (27.8%) $2,148,596 (6.3%) 3.65 803
2019-10-01 $1,124,750 (30.5%) $2,084,645 (7.2%) 3.63 796
2019-11-01 $1,098,000 (28.9%) $2,113,554 (9.2%) 3.60 718
2019-12-01 $1,000,000 (15.0%) $2,107,268 (8.1%) 3.33 611
2020-01-01 $999,999 (17.0%) $2,044,437 (2.7%) 3.34 529
2020-02-01 $1,150,000 (26.4%) $2,245,289 (9.8%) 3.76 556
2020-03-01 $1,137,000 (21.2%) $2,194,233 (6.9%) 3.56 578
2020-04-01 $1,089,000 (9.8%) $2,115,161 (1.9%) 3.41 585
2020-05-01 $995,000 (-0.2%) $2,025,381 (0.3%) 3.02 640
2020-06-01 $1,066,750 (-2.6%) $2,135,686 (-1.0%) 3.14 594
2020-07-01 $1,192,250 (6.9%) $2,256,238 (4.6%) 3.46 503
2020-08-01 $1,290,000 (11.1%) $2,473,904 (11.4%) 3.70 438
2020-09-01 $1,296,500 (13.6%) $2,539,168 (18.2%) 3.71 412
2020-10-01 $1,295,000 (15.1%) $2,568,295 (23.2%) 3.71 402
2020-11-01 $1,345,250 (22.5%) $2,609,349 (23.5%) 3.93 387
2020-12-01 $1,328,250 (32.8%) $2,782,940 (32.1%) 3.95 347
2021-01-01 $1,295,000 (29.5%) $2,871,440 (40.5%) 3.87 316
2021-02-01 $1,271,200 (10.5%) $2,891,331 (28.8%) 3.70 298
2021-03-01 $1,293,500 (13.8%) $2,899,752 (32.2%) 3.67 274
2021-04-01 $1,192,500 (9.5%) $2,730,254 (29.1%) 3.23 286
2021-05-01 $1,199,000 (20.5%) $2,665,909 (31.6%) 3.19 286
2021-06-01 $1,174,500 (10.1%) $2,549,472 (19.4%) 3.09 307
2021-07-01 $1,125,000 (-5.6%) $2,582,685 (14.5%) 2.97 317
2021-08-01 $1,199,250 (-7.0%) $2,789,901 (12.8%) 3.20 346
2021-09-01 $1,149,000 (-11.4%) $2,687,940 (5.9%) 3.06 332
2021-10-01 $1,099,500 (-15.1%) $2,707,348 (5.4%) 2.93 326
2021-11-01 $1,072,500 (-20.3%) $2,665,995 (2.2%) 2.87 266
2021-12-01 $1,030,500 (-22.4%) $2,785,968 (0.1%) 2.79 209
2022-01-01 $1,099,000 (-15.1%) $3,111,250 (8.4%) 2.97 173
2022-02-01 $1,017,500 (-20.0%) $2,880,408 (-0.4%) 2.65 196
2022-03-01 $1,099,500 (-15.0%) $2,850,103 (-1.7%) 2.75 205
2022-04-01 $995,000 (-16.6%) $2,535,232 (-7.1%) 2.37 270
2022-05-01 $949,500 (-20.8%) $2,418,675 (-9.3%) 2.17 325
2022-06-01 $998,900 (-15.0%) $2,391,296 (-6.2%) 2.22 367
2022-07-01 $998,900 (-11.2%) $2,306,391 (-10.7%) 2.25 411
2022-08-01 $989,666 (-17.5%) $2,356,382 (-15.5%) 2.29 455
2022-09-01 $961,200 (-16.3%) $2,391,513 (-11.0%) 2.25 441
2022-10-01 $899,990 (-18.2%) $2,322,467 (-14.2%) 2.12 421
2022-11-01 $918,500 (-14.4%) $2,284,580 (-14.3%) 2.21 425
2022-12-01 $944,500 (-8.4%) $2,392,096 (-14.1%) 2.33 354
2023-01-01 $974,500 (-11.3%) $2,440,474 (-21.6%) 2.41 325
2023-02-01 $1,233,500 (21.2%) $2,715,315 (-5.7%) 2.98 303
2023-03-01 $1,249,500 (13.6%) $2,705,511 (-5.1%) 2.95 296
2023-04-01 $1,300,000 (30.7%) $2,738,616 (8.0%) 3.02 273
2023-05-01 $1,397,500 (47.2%) $2,758,903 (14.1%) 3.17 304
2023-06-01 $1,399,749 (40.1%) $2,634,036 (10.2%) 3.15 315
2023-07-01 $1,395,000 (39.7%) $2,512,836 (9.0%) 3.17 339
2023-08-01 $1,399,000 (41.4%) $2,597,331 (10.2%) 3.21 378
2023-09-01 $1,300,000 (35.3%) $2,498,010 (4.5%) 3.03 363
2023-10-01 $1,262,250 (40.3%) $2,537,179 (9.2%) 2.97 362
2023-11-01 $1,242,000 (35.2%) $2,516,854 (10.2%) 2.96 370
2023-12-01 $1,196,500 (26.7%) $2,500,363 (4.5%) 2.92 343
2024-01-01 $1,230,750 (26.3%) $2,791,654 (14.4%) 3.01 295
2024-02-01 $1,229,892 (-0.3%) $2,755,060 (1.5%) 2.96 307
SALINAS's median listing price for 2024-02-01 was $1,229,892, a difference of $-3,608 (-0.3%) versus the prior year and $-858 versus the prior month.

SALINAS's median listing price comes in at 296% of the national average.

SALINAS's average listing price for 2024-02-01 was $2,755,060, a difference of $39,745 (1.5%) versus the prior year and $-36,594 versus the prior month.

For the 2024-02-01 period, SALINAS had 307 MLS listings, a difference of 12 listings (4%) versus the prior month and 4 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - SALINAS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 83 days 2,020 sqft
2018-02-01 62 days 2,026 sqft
2018-03-01 47 days 1,991 sqft
2018-04-01 51 days 1,984 sqft
2018-05-01 52 days 1,963 sqft
2018-06-01 55 days 1,976 sqft
2018-07-01 55 days 1,948 sqft
2018-08-01 57 days 1,937 sqft
2018-09-01 57 days 1,941 sqft
2018-10-01 60 days 1,937 sqft
2018-11-01 69 days 1,906 sqft
2018-12-01 80 days 1,843 sqft
2019-01-01 87 days 1,801 sqft
2019-02-01 75 days 1,855 sqft
2019-03-01 60 days 1,902 sqft
2019-04-01 57 days 1,974 sqft
2019-05-01 59 days 2,012 sqft
2019-06-01 59 days 2,095 sqft
2019-07-01 63 days 2,101 sqft
2019-08-01 67 days 2,129 sqft
2019-09-01 75 days 2,126 sqft
2019-10-01 80 days 2,124 sqft
2019-11-01 88 days 2,164 sqft
2019-12-01 99 days 2,147 sqft
2020-01-01 92 days 2,109 sqft
2020-02-01 65 days 2,127 sqft
2020-03-01 53 days 2,126 sqft
2020-04-01 65 days 2,081 sqft
2020-05-01 72 days 2,070 sqft
2020-06-01 76 days 2,111 sqft
2020-07-01 61 days 2,114 sqft
2020-08-01 56 days 2,160 sqft
2020-09-01 57 days 2,148 sqft
2020-10-01 57 days 2,155 sqft
2020-11-01 59 days 2,152 sqft
2020-12-01 59 days 2,185 sqft
2021-01-01 59 days 2,133 sqft
2021-02-01 60 days 2,085 sqft
2021-03-01 52 days 2,034 sqft
2021-04-01 51 days 1,991 sqft
2021-05-01 40 days 1,965 sqft
2021-06-01 41 days 2,005 sqft
2021-07-01 39 days 1,978 sqft
2021-08-01 39 days 1,941 sqft
2021-09-01 40 days 1,935 sqft
2021-10-01 47 days 1,876 sqft
2021-11-01 52 days 1,879 sqft
2021-12-01 73 days 1,798 sqft
2022-01-01 57 days 1,842 sqft
2022-02-01 26 days 1,800 sqft
2022-03-01 30 days 1,936 sqft
2022-04-01 26 days 1,808 sqft
2022-05-01 26 days 1,757 sqft
2022-06-01 31 days 1,815 sqft
2022-07-01 37 days 1,838 sqft
2022-08-01 42 days 1,807 sqft
2022-09-01 47 days 1,848 sqft
2022-10-01 51 days 1,833 sqft
2022-11-01 59 days 1,815 sqft
2022-12-01 71 days 1,862 sqft
2023-01-01 79 days 1,855 sqft
2023-02-01 60 days 1,910 sqft
2023-03-01 47 days 1,915 sqft
2023-04-01 45 days 1,887 sqft
2023-05-01 39 days 1,959 sqft
2023-06-01 39 days 1,996 sqft
2023-07-01 41 days 2,005 sqft
2023-08-01 46 days 2,006 sqft
2023-09-01 46 days 1,992 sqft
2023-10-01 53 days 1,910 sqft
2023-11-01 57 days 1,868 sqft
2023-12-01 63 days 1,854 sqft
2024-01-01 67 days 1,895 sqft
2024-02-01 62 days 1,874 sqft
SALINAS's median listing age (time on market) for 2024-02-01 was 62 days. This is 3% longer than the same period one year ago.

SALINAS's median square footage for active listings during the 2024-02-01 period was 1,874 sqft. One year prior, the average listing was 1,910 sqft.

SALINAS, CA Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
93210 Salinas, CA MSA $1,380 $1,460 $1,780 $2,520 $2,780
93426 Salinas, CA MSA $1,380 $1,460 $1,780 $2,520 $2,780
93450 Salinas, CA MSA $1,780 $1,850 $2,260 $3,200 $3,500
93451 Salinas, CA MSA $1,620 $1,790 $2,330 $3,230 $3,580
93461 Salinas, CA MSA $1,520 $1,710 $2,250 $3,100 $3,450
93901 Salinas, CA MSA $2,050 $2,130 $2,600 $3,680 $4,030
93902 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93905 Salinas, CA MSA $1,860 $1,930 $2,350 $3,330 $3,640
93906 Salinas, CA MSA $2,300 $2,400 $2,920 $4,140 $4,520
93907 Salinas, CA MSA $2,240 $2,330 $2,840 $4,020 $4,400
93908 Salinas, CA MSA $3,170 $3,290 $4,010 $5,680 $6,210
93912 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93915 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93920 Salinas, CA MSA $2,280 $2,380 $2,910 $4,120 $4,510
93921 Salinas, CA MSA $3,000 $3,120 $3,800 $5,380 $5,890
93922 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93923 Salinas, CA MSA $2,760 $2,870 $3,500 $4,960 $5,420
93924 Salinas, CA MSA $2,560 $2,660 $3,240 $4,590 $5,020
93925 Salinas, CA MSA $1,380 $1,460 $1,780 $2,520 $2,780
93926 Salinas, CA MSA $1,670 $1,730 $2,110 $2,990 $3,270
93927 Salinas, CA MSA $1,920 $1,990 $2,430 $3,440 $3,760
93928 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93930 Salinas, CA MSA $1,620 $1,680 $2,050 $2,900 $3,170
93932 Salinas, CA MSA $1,440 $1,500 $1,830 $2,590 $2,840
93933 Salinas, CA MSA $2,080 $2,160 $2,630 $3,730 $4,070
93940 Salinas, CA MSA $2,830 $2,940 $3,590 $5,090 $5,560
93942 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93943 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93944 Salinas, CA MSA $2,120 $2,200 $2,680 $3,800 $4,150
93950 Salinas, CA MSA $2,890 $3,000 $3,660 $5,190 $5,670
93953 Salinas, CA MSA $3,170 $3,290 $4,010 $5,680 $6,210
93954 Salinas, CA MSA $1,410 $1,470 $1,790 $2,540 $2,780
93955 Salinas, CA MSA $2,450 $2,540 $3,100 $4,390 $4,800
93960 Salinas, CA MSA $1,800 $1,870 $2,280 $3,230 $3,530
93962 Salinas, CA MSA $3,170 $3,290 $4,010 $5,680 $6,210
95004 Salinas, CA MSA $1,820 $1,960 $2,450 $3,480 $3,950
95012 Salinas, CA MSA $1,690 $1,760 $2,140 $3,030 $3,320
95039 Salinas, CA MSA $1,630 $1,700 $2,070 $2,930 $3,210
95076 Salinas, CA MSA $1,940 $2,180 $2,830 $3,600 $4,020

2022 Average & Median Rent Data Statistics
SALINAS, CA average 1BR rent: $2,192, median: $2,200
SALINAS, CA average 2BR rent: $2,686, median: $2,680
SALINAS, CA average 3BR rent: $3,792, median: $3,800

SALINAS, CA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,729 $1,231,515,000 $712,270
Cash Out Refi 447 $171,275,000 $383,166
Home Improvement 346 $66,380,000 $191,850
Other 290 $107,880,000 $372,000
Refi 258 $124,180,000 $481,318
NA 1 $425,000 $425,000

Salinas's most frequently cited loan purpose was Home Purchase, with 1,729 originations. The 2nd most popular reason was Cash Out Refi, with 447 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 986 $587,220,000 $595,558
Over 8% 697 $231,575,000 $332,245
7-8% 663 $362,855,000 $547,293
5-6% 597 $430,635,000 $721,332
4-5% 68 $69,840,000 $1,027,059
<2.5% 33 $4,245,000 $128,636
3-4% 10 $4,970,000 $497,000
2.5-3% 10 $1,420,000 $142,000

During 2023, Salinas's most frequently originated rate bucket was 6-7%, with 986 originations.

Loan Sizing (SALINAS, CA MSA)

Loan Size Originations Total Value Average Loan
$600k-1000k 751 $551,275,000 $734,055
$400k-600k 710 $356,010,000 $501,423
$200k-400k 559 $165,265,000 $295,644
$100k-200k 379 $51,565,000 $136,055
$100,000 or less 361 $21,735,000 $60,208
$Over $1MM 311 $555,805,000 $1,787,154

SALINAS's loan sizing saw the bucket of loans from $600k-1000k with 751 originations, totaling $551,275,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 849 $552,265,000 $650,489
Under 20% 718 $95,300,000 $132,730
60-80% 672 $613,670,000 $913,199
20-40% 393 $139,255,000 $354,338
40-60% 390 $261,220,000 $669,795
Over 100% 24 $19,380,000 $807,500

SALINAS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 849 originations, totaling $552,265,000 in origination value.