Santa Ana, 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 Q2 2021. 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

Santa Ana, CA Housing Market Trends

With a population of 332,318, 76,624 total housing units (homes and apartments), and a median house value of $600,811, real estate costs in Santa Ana are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Santa Ana, accounting for 46.96% of the city's housing units. Other types of housing that are prevalent in Santa Ana include large apartment complexes or high rise apartments ( 30.84%), duplexes, homes converted to apartments or other small apartment buildings ( 9.57%), and a few row houses and other attached homes ( 7.69%).

People in Santa Ana primarily live in small (one, two or no bedroom) single-family detached homes. Santa Ana 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 Ana's housing was primarily built during this period, from the '40s through the '60s. A full 48.64% of the city's housing hails from this era. Other housing ages represented in Santa Ana include homes built between 1970-1999 ( 38.71%) and housing constructed before 1939 ( 7.79%). There's also some housing in Santa Ana built between 2000 and later ( 4.86%).

Santa Ana Home Appreciation Rates

In the last 10 years, Santa Ana has experienced some of the highest home appreciation rates of any community in the nation. Santa Ana real estate appreciated 99.99% over the last ten years, which is an average annual home appreciation rate of 7.18%, putting Santa Ana in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Santa Ana 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, Santa Ana's appreciation rate, at 8.69%, has been at or slightly above the national average. In the latest quarter, Santa Ana's appreciation rate has been 3.16%, which annualizes to a rate of 13.26%.

Relative to California, our data show that Santa Ana's latest annual appreciation rate is lower than 60% 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 Ana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Ana - 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 Ana real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$600,811

Santa Ana, CA HOME PRICES

> $1,271,000
2.5%
2.5%
$953,001 - $1,271,000
4.7%
4.7%
$636,001 - $953,000
34.2%
34.2%
$509,001 - $636,000
24.9%
24.9%
$381,001 - $509,000
14.0%
14.0%
$254,001 - $381,000
8.6%
8.6%
$127,001 - $254,000
3.2%
3.2%
$64,001 - $127,000
3.7%
3.7%
$0 - $64,000
4.2%
4.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
76,624

Santa Ana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
198.15% 5.21%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,484 / per month

Homeownership Rate

Owners
45.5%
45.5%
Renters
54.5%
54.5%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.9%
4.9%
1970 - 1999
38.7%
38.7%
1940 - 1969
48.6%
48.6%
1939 or Older
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.0%
47.0%
Townhomes
7.7%
7.7%
Small Apt. Buildings
9.6%
9.6%
Apt. Complexes
30.8%
30.8%
Mobile Homes
4.9%
4.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.0%
6.0%
1 Bedroom
15.8%
15.8%
2 Bedrooms
31.6%
31.6%
3 Bedrooms
28.4%
28.4%
4 Bedrooms
15.3%
15.3%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES