Cupertino, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Cupertino, CA Housing Market Trends

With a population of 59,276, 20,981 total housing units (homes and apartments), and a median house value of $1,201,246, Cupertino house prices are not only among the most expensive in California, Cupertino real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Cupertino, accounting for 54.73% of the city's housing units. Other types of housing that are prevalent in Cupertino include large apartment complexes or high rise apartments ( 22.40%), row houses and other attached homes ( 12.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.06%).

The most prevalent building size and type in Cupertino are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.80% owning and 40.20% renting.

There is a lot of housing in Cupertino built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cupertino built between 1940-1969 ( 42.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.66%). There's also some housing in Cupertino built before 1939 ( 1.41%).

Cupertino Home Appreciation Rates

Homes have actually lost value in Cupertino over the last then years, as home values have seen a decline of 13.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cupertino home appreciation rates at 0.68%, which equates to an annual appreciation rate of 2.73%.

Over the last year, Cupertino appreciation rates have trailed the rest of the nation. In the last twelve months, Cupertino's appreciation rate has been -0.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cupertino were at 0.68%, which equates to an annual appreciation rate of 2.73%.

Notably, Cupertino's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Cupertino's latest annual appreciation rate is lower 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 Cupertino differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cupertino - 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 Cupertino real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,201,246

Cupertino, CA HOME PRICES

> $708,000
83.5%
83.5%
$531,001 - $708,000
8.9%
8.9%
$354,001 - $531,000
3.3%
3.3%
$283,001 - $354,000
0.8%
0.8%
$212,001 - $283,000
0.4%
0.4%
$142,001 - $212,000
0.8%
0.8%
$71,001 - $142,000
0.6%
0.6%
$35,001 - $71,000
0.2%
0.2%
$0 - $35,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
20,981

Cupertino Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
14.40% 0.64%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,514 / per month

Homeownership Rate

Owners
59.8%
59.8%
Renters
40.2%
40.2%
Vacant
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.7%
10.7%
1970 - 1999
45.0%
45.0%
1940 - 1969
43.0%
43.0%
1939 or Older
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.7%
54.7%
Townhomes
12.7%
12.7%
Small Apt. Buildings
10.1%
10.1%
Apt. Complexes
22.4%
22.4%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
11.4%
11.4%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
26.5%
26.5%
4 Bedrooms
25.9%
25.9%
5 or more bedrooms
7.9%
7.9%
0.0% 100.0%
% OF HOMES