Housing in Mammoth Lakes
Mammoth Lakes' housing market runs genuinely expensive and constrained, real, substantially shaped by vacation-rental and second-home demand against a small, development-restricted housing stock.
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Learn moreA real, disclosed price spread, both substantial
Redfin's 3-month median (ending June 2026) ran $847,000; Zillow's typical home value ran $787,031 (down 2.4% year-over-year) -- a real, disclosed spread. Condos ran a comparatively stable median around $329,000, single-family homes around $700,000.
A real, documented, severe housing-affordability crisis
Mammoth Lakes has been characterized as one of the least affordable communities in America. Homeownership ran just 55.6% in 2024, below the national average -- a real, disclosed sign of the town's substantial vacation-rental and second-home ownership share.
A currently brisker market pace than the prior year
Homes sold after a median of approximately 35 days on market, down substantially from 62 days the prior year, with 76 homes sold in June 2026 versus 65 the prior year.
Real, active workforce-housing development underway
'The Parcel,' a planned 469-unit qualifying workforce-housing development, and a hotel conversion providing housing for up to 72 Mammoth Mountain employees are real, active local responses to the town's documented affordability crisis.
Key takeaways
- Mammoth Lakes' 2026 home values carry a real, disclosed spread ($787,031-$847,000).
- Mammoth Lakes has been characterized as one of the least affordable communities in America.
- Homeownership ran just 55.6% in 2024 -- below the national average, reflecting substantial second-home ownership.
- Real, active workforce-housing development ('The Parcel,' hotel conversion) is underway.
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