Housing in Morgan Hill, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,200,000
Median List Price
$1,364,388
Price Per Sq Ft
$649
Days on Market
60
Active Inventory
37
Months of Supply
1.3
Seller's market
Zillow Home Value
$1,306,846
ZHVI — January 2026
Zillow Rent Index
$3,560
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
41.4%
Off Market in 2 Weeks
33.3%
Sale-to-List Ratio
99.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
29
New Listings
32
Pending Sales
33
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$649
Median List $/SF
$620
Morgan Hill vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Morgan Hill 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
$1,127,600
Median Rent
$2,275
Total Housing Units
15,025
Vacancy Rate
3.4%
Owner Occupied
72.3%
Renter Occupied
27.7%
Median Property Tax
$8,890
per year
Monthly Cost (w/ Mortgage)
$3,485
Housing Types
The current median sale price in Morgan Hill, CA is $1,200,000 according to Redfin data. Homes spend a median of 60 days on the market. 41.4% of homes sold above asking price. The market has 1.3 months of supply. The median price per square foot is $649. Zillow's observed rent index is $3,560/month. About 72.3% of housing units are owner-occupied. The median year homes were built is 1989. There are 15,025 total housing units.