Ontario Home Prices: $664K, Down 1.6% — 3 ZIPs Analyzed (2026)

$664K. That’s what a typical home costs in Ontario, California — and for the first time in a while, the number is heading in the wrong direction for sellers.

The median home value in Ontario sits at $663,619 as of February 2026, a 1.6% drop from a year ago. For a city in the Inland Empire that has ridden steady population growth for years, the pullback stands out.

Quick answer: The average home price in Ontario, CA is $663,619 as of February 2026, down 1.6% year over year according to Zillow.

Current Home Prices in Ontario

Here’s a snapshot of where Ontario’s housing market stands right now:

That $62,356 gap between the cheapest and most expensive ZIP tells you Ontario is not a one-price-fits-all market. Where you buy matters — a lot.

The 1.6% annual decline works out to roughly $10,800 in lost value on the median home. That’s real money, but it’s also not a crash. Ontario peaked at $674,476 in March 2025 and has been sliding slowly since. The decline has been steady, not sudden. No single month posted a dramatic drop. Instead, values have leaked out gradually — a few hundred dollars here, a few hundred there.

For buyers, this is the first meaningful price relief Ontario has offered in years. For homeowners who bought before 2024, you’re still well above your purchase price.

Ontario Home Prices by Neighborhood

Ontario has three tracked ZIP codes, and the price differences are worth paying attention to.

Most Expensive

91761 leads the pack at $688,453 — about 3.7% above the city average. Despite commanding the highest home prices, this ZIP actually has the lowest rent at $2,443/month, suggesting a neighborhood where more residents own than rent.

Most Affordable

91764 comes in at $626,097, roughly $37,500 below the city median. It’s the clear entry point for buyers on a budget. Rent here runs $2,526/month, which is $83 more than the priciest ZIP charges — an unusual inversion that suggests strong rental demand relative to home values.

91762 splits the difference at $676,307 with the highest rent in the city at $2,546/month.

Rent vs Buy in Ontario

Renting is dramatically cheaper on a monthly basis.

The estimated mortgage payments above assume a 5% down payment at a 6.5% rate — principal and interest only, no taxes or insurance. Add those in and the gap widens by several hundred dollars.

The city-wide average rent is roughly $2,505/month. A mortgage on the median Ontario home would run about $4,200/month with taxes and insurance factored in. That’s a $1,700 monthly penalty for owning.

Renting makes more sense on pure cash flow. But with prices declining 1.6% year over year, buyers who wait may find even better deals ahead — or they may find that rates drop and competition returns. The rent-vs-buy math in Ontario tilts heavily toward renting right now.

Population Growth and Migration

Ontario is one of the faster-growing cities in California.

The city added 9,562 residents between 2020 and 2024 — a 5.4% gain. Growth has been consistent, averaging about 2,400 new residents per year with no dips.

How does that compare to other California cities?

Ontario’s 5.4% growth rate is nearly double Bakersfield’s and almost four times San Diego’s. For a city its size, that’s serious demand pressure. People are moving to Ontario — likely drawn by Inland Empire affordability relative to coastal California — and that population growth puts a floor under housing demand even as prices dip.

Ontario Housing Market Trends

Here’s how prices moved month by month over the past year:

The story is in two halves. From March through October 2025, prices fell steadily — $674K down to $659K, a $15,370 decline. Then something shifted. Starting in November, prices reversed and ticked upward for four straight months.

The bottom appears to have been October 2025 at $659,106. Since then, Ontario has recovered about $4,500 in value. The most expensive ZIP (91761) dropped from $705,739 to $685,854 before rebounding to $688,453 — a $17,000 swing top to bottom.

Is Ontario a Good Place to Buy in 2026?

The data points to a buyer-friendly market with one caveat.

Prices are down 1.6% from last year. The most expensive ZIP has shed over $17,000 from its peak. Renting is significantly cheaper than buying on a monthly basis. If you’re a buyer, you have bargaining power you didn’t have 12 months ago.

The caveat: Ontario’s population is growing at 5.4%, far outpacing most of California. That demand doesn’t disappear. The recent four-month price recovery (November through February) suggests the worst of the decline may already be over. You’re not buying into a freefall — you’re buying into a market that corrected and is now stabilizing.

If you can handle the monthly cost difference between renting and owning, the entry point is better than it’s been since early 2025. ZIP 91764 at $626K offers the lowest barrier.

Ontario Housing Market Outlook for 2026-2027

The three-month trend through February 2026 shows prices ticking upward at about $570/month. That’s slow, but the direction matters more than the pace.

If the current recovery continues at this rate, Ontario’s median would reach roughly $667K by mid-2026 — still below the March 2025 peak of $674K. A return to the peak would take well into 2027 at this pace.

The steeper declines seen from April through October 2025 are not repeating. The market has found a floor near $659K and is grinding higher. Barring a spike in mortgage rates or a broader economic shock, the data suggests continued slow recovery rather than another leg down.

Similar Markets in CA

If you’re shopping in Ontario, these California markets are worth comparing:

• Fontana — Ontario’s Inland Empire neighbor with a similar commuter profile
• Riverside — The larger anchor city in the metro area, with more inventory to choose from
• Bakersfield — Buyers priced out of Ontario may find relief further north in Kern County
• Anaheim — A step up in price but closer to Orange County job centers
• Fresno — Central Valley option for buyers who prioritize affordability above all

Frequently Asked Questions

What is the average home price in Ontario?

The average home price in Ontario, CA is $663,619 as of February 2026. Prices vary by ZIP code, ranging from $626,097 in 91764 to $688,453 in 91761. The city-wide median has declined 1.6% compared to a year ago.

Are home prices going up or down in Ontario?

Down year over year, but the trend is shifting. Ontario’s median dropped from $674,476 in March 2025 to a low of $659,106 in October 2025. Since then, prices have risen for four consecutive months and now sit at $663,619. The annual figure is still negative at -1.6%, but the recent direction is up.

Is it cheaper to rent or buy in Ontario?

Renting is cheaper by a wide margin. The average rent across Ontario’s three ZIP codes is about $2,505/month. A mortgage on the median-priced home — assuming 5% down at 6.5% — runs roughly $3,560/month in principal and interest alone. Add property taxes and insurance, and you’re looking at $4,200+. That’s roughly $1,700 more per month than renting.

What is the most affordable neighborhood in Ontario?

ZIP code 91764 has the lowest median home value at $626,097, about $37,500 below the city average. Despite lower home prices, rent in this area is $2,526/month — actually higher than the city’s priciest ZIP for homeownership (91761). It’s the best entry point for buyers in Ontario.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.