menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Santa Clara, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Santa Clara, CA Housing Market Trends

With a population of 126,930, 47,434 total housing units (homes and apartments), and a median house value of $1,507,762, Santa Clara house prices are not only among the most expensive in California, Santa Clara real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Santa Clara, accounting for 42.33% of the city's housing units. Other types of housing that are prevalent in Santa Clara include single-family detached homes ( 38.10%), row houses and other attached homes ( 10.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.63%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Santa Clara primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Santa Clara has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Santa Clara's housing was primarily built during this period, from the '40s through the '60s. A full 43.11% of the city's housing hails from this era. Other housing ages represented in Santa Clara include homes built between 1970-1999 ( 31.03%) and housing constructed between 2000 and later ( 22.34%). There's also some housing in Santa Clara built before 1939 ( 3.51%).

Santa Clara Home Appreciation Rates

Real estate appreciation rates in Santa Clara's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.67% during the period.

Over the last year, Santa Clara appreciation rates have trailed the rest of the nation. In the last twelve months, Santa Clara's appreciation rate has been 4.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Santa Clara were at 0.87%, which equates to an annual appreciation rate of 3.54%.

Relative to California, our data show that Santa Clara's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Santa Clara differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Clara - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Santa Clara real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,507,762

Santa Clara, CA Home Prices
> $1,042,000
$781,001 - $1,042,000
$521,001 - $781,000
$417,001 - $521,000
$313,001 - $417,000
$208,001 - $313,000
$104,001 - $208,000
$52,001 - $104,000
$0 - $52,000
80.0%
80.0%
10.1%
10.1%
7.1%
7.1%
0.5%
0.5%
0.3%
0.3%
0.5%
0.5%
0.8%
0.8%
0.0%
0.0%
0.8%
0.8%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

47,434

Santa Clara Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,584 / per month

Homeownership Rate

Owners
Renters
40.4%
40.4%
59.6%
59.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.3%
22.3%
31.0%
31.0%
43.1%
43.1%
3.5%
3.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.1%
38.1%
10.7%
10.7%
8.6%
8.6%
42.3%
42.3%
0.2%
0.2%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.3%
6.3%
20.7%
20.7%
30.6%
30.6%
27.9%
27.9%
12.0%
12.0%
2.5%
2.5%
0% 100.0%
% of Homes