Housing in Banning, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$373,500
Median List Price
$444,777
Price Per Sq Ft
$246
Days on Market
79
Active Inventory
156
Months of Supply
5.2
Balanced market
Zillow Home Value
$407,419
ZHVI — January 2026
Zillow Rent Index
$1,962
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
15.2%
Sale-to-List Ratio
97.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
30
New Listings
60
Pending Sales
46
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$246
Median List $/SF
$266
Banning vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Banning is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$322,900
Median Rent
$1,528
Total Housing Units
12,402
Vacancy Rate
7.3%
Owner Occupied
71.5%
Renter Occupied
28.5%
Median Property Tax
$2,791
per year
Monthly Cost (w/ Mortgage)
$1,107
Housing Types
The current median sale price in Banning, CA is $373,500 according to Redfin data. Homes spend a median of 79 days on the market. 16.7% of homes sold above asking price. The market has 5.2 months of supply. The median price per square foot is $246. Zillow's observed rent index is $1,962/month. About 71.5% of housing units are owner-occupied. The median year homes were built is 1983. There are 12,402 total housing units.