Cupertino, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cupertino Neighborhoods Since 2000




Cupertino, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cupertino Housing Market Information

With 60,572 people, 20,422 houses or apartments, and a median cost of homes of $1,562,826, 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 55.68% of the city's housing units. Other types of housing that are prevalent in Cupertino include large apartment complexes or high rise apartments ( 23.90%), row houses and other attached homes ( 12.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.08%).

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 62.80% owning and 37.20% 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 ( 42.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.02%). There's also some housing in Cupertino built before 1939 ( 1.24%).

Cupertino Home Appreciation Rates

In the last 10 years, Cupertino has experienced some of the highest home appreciation rates of any community in the nation. Cupertino real estate appreciated 61.75% over the last ten years, which is an average annual home appreciation rate of 4.93%, putting Cupertino in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cupertino definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Cupertino's appreciation rate, at 5.21%, has been at or slightly above the national average. In the latest quarter, Cupertino's appreciation rate has been 0.59%, which annualizes to a rate of 2.39%.

Relative to California, our data show that Cupertino's latest annual appreciation rate is lower than 80% 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:
$1,562,826

Cupertino, CA HOME PRICES

Value Range
> $1,333,000 64.5
$1,000,001 - $1,333,000 19.1
$666,001 - $1,000,000 10.5
$533,001 - $666,000 1.3
$400,001 - $533,000 0.8
$267,001 - $400,000 0.7
$133,001 - $267,000 1.1
$67,001 - $133,000 1.0
$0 - $67,000 1.0

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.333997421774288 4.62962962962963

Number Of Homes And Apartments:
20,422

Cupertino Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
116.85% 4.59% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,853 / per month

Homeownership Rate

Homeownership
Owners 62.80
Renters 37.20
Vacant 4.87

Housing Market Details

 

Age of Homes

AGE OF Cupertino HOMES
2000 or Newer 10.0
1970 - 1999 45.8
1940 - 1969 42.9
1939 or Older 1.2

Types of Homes

TYPE OF Cupertino HOMES
Single-Family 55.7
Townhomes 12.2
Small Apt. Buildings 8.1
Apt. Complexes 23.9
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Cupertino HOMES
No Bedroom 1.43
1 Bedroom 10.93
2 Bedrooms 26.43
3 Bedrooms 30.48
4 Bedrooms 23.09
5 or more bedrooms 7.65