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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.



Los Gatos, 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

Los Gatos, CA Housing Market Trends

With 32,402 people, 12,855 houses or apartments, and a median cost of homes of $2,452,436, Los Gatos house prices are not only among the most expensive in California, Los Gatos 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 Los Gatos, accounting for 56.53% of the town's housing units. Other types of housing that are prevalent in Los Gatos include large apartment complexes or high rise apartments ( 20.88%), row houses and other attached homes ( 13.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.83%).

The most prevalent building size and type in Los Gatos are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.48% owning and 36.52% renting.

There is a lot of housing in Los Gatos 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 Los Gatos built between 1940-1969 ( 38.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.94%). There's also some housing in Los Gatos built before 1939 ( 9.12%).

Los Gatos Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Los Gatos, where house values have increased just 26.95%, which is annualized rate of 2.41%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Los Gatos appreciation rates have trailed the rest of the nation. In the last twelve months, Los Gatos'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 Los Gatos were at 0.87%, which equates to an annual appreciation rate of 3.54%.

Relative to California, our data show that Los Gatos'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 town. Individual neighborhoods within Los Gatos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Gatos - 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 Los Gatos real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$2,452,436

Los Gatos, CA Home Prices
> $966,000
$724,001 - $966,000
$483,001 - $724,000
$386,001 - $483,000
$289,001 - $386,000
$193,001 - $289,000
$96,001 - $193,000
$48,001 - $96,000
$0 - $48,000
90.5%
90.5%
3.5%
3.5%
2.0%
2.0%
0.3%
0.3%
0.1%
0.1%
0.9%
0.9%
1.3%
1.3%
0.3%
0.3%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

12,855

Los Gatos Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,373 / per month

Homeownership Rate

Owners
Renters
63.5%
63.5%
36.5%
36.5%
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
10.9%
10.9%
41.0%
41.0%
38.9%
38.9%
9.1%
9.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.5%
56.5%
13.4%
13.4%
8.8%
8.8%
20.9%
20.9%
0.4%
0.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
9.6%
9.6%
20.1%
20.1%
37.0%
37.0%
22.5%
22.5%
6.4%
6.4%
0% 100.0%
% of Homes