Clovis Housing Update: Prices Ease, Rents Tick Up, Affordable Housing Rule Advances
Clovis, CA – March 8, 2026 – Home prices dipped year-over-year as days on market rose, while rents edged up and a new mixed-income rule moves forward.
Top takeaways
- Median sale price was $465K in January, down 1.1% year-over-year.
- Homes are taking longer to sell, averaging 68 days on market.
- Average apartment rent is about $1,718, up roughly 1.2% from a year ago.
- A mixed-income zoning rule cleared Planning Commission and heads to City Council.
Market snapshot
The Clovis housing market showed modest cooling to start 2026. In January, the median home sale price was $465,000, a 1.1% decline from a year earlier. Homes sold in about 68 days on average, notably longer than last year, and 65 homes closed during the month. Sellers received about 99% of list price on average, indicating buyers still compete selectively for well-priced properties.
On the rental side, the average apartment rent is approximately $1,718, up 1.21% year-over-year. Typical rents range from about $1,163 for a studio to $2,345 for a three-bedroom, reflecting steady demand for larger units.
Policy and development
A proposed mixed-income zoning ordinance advanced last week, with the Planning Commission voting to recommend approval. The rule would require new residential developments of 11 or more market-rate homes to set aside at least 5% of units for lower-income households, with alternative compliance options such as fees. The proposal stems from a prior legal settlement and now moves to the City Council for consideration.
If adopted, the policy could influence future subdivision design and builder costs, particularly as Clovis continues to see new neighborhood growth on its edges.
What to watch
Longer selling times and slight price softening suggest buyers may have more negotiating room than a year ago, though competitively priced homes still draw attention. Rents continue to edge higher, keeping affordability in focus for both renters and policymakers.
Are you seeing more price reductions or stronger competition in your neighborhood this spring?
Sources
https://www.redfin.com/city/3701/CA/Clovis/housing-market
https://www.rentcafe.com/average-rent-market-trends/us/ca/clovis/
https://www.yahoo.com/news/articles/clovis-commission-oks-affordable-housing-133800622.html