Santa Clara, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Santa Clara Neighborhoods Since 2000




Santa Clara, CA Real Estate Data


Santa Clara Housing Market Information

With 126,215 people, 42,751 houses or apartments, and a median cost of homes of $962,054, 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.

Single-family detached homes are the single most common housing type in Santa Clara, accounting for 41.08% of the city's housing units. Other types of housing that are prevalent in Santa Clara include large apartment complexes or high rise apartments ( 39.42%), row houses and other attached homes ( 9.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.35%).

People in Santa Clara primarily live in small (one, two or no bedroom) single-family detached homes. 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 48.43% of the city's housing hails from this era. Other housing ages represented in Santa Clara include homes built between 1970-1999 ( 35.49%) and housing constructed between 2000 and later ( 12.72%). There's also some housing in Santa Clara built before 1939 ( 3.36%).

Santa Clara Home Appreciation Rates

In the last 10 years, Santa Clara has experienced some of the highest home appreciation rates of any community in the nation. Santa Clara real estate appreciated 35.61% over the last ten years, which is an average annual home appreciation rate of 3.09%, putting Santa Clara in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Santa Clara definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Santa Clara that despite a nationwide downturn in the housing market, Santa Clara real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Clara appreciation rates continue to be some of the highest in America, at 8.49%, which is higher than appreciation rates in 93.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santa Clara. Santa Clara appreciation rates in the latest quarter were at 2.57%, which equates to an annual appreciation rate of 10.68%.

Relative to California, our data show that Santa Clara's latest annual appreciation rate is higher 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 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:
$962,054

Santa Clara, CA HOME PRICES

Value Range
> $1,537,000 7.2
$1,153,001 - $1,537,000 19.7
$769,001 - $1,153,000 45.3
$615,001 - $769,000 13.7
$461,001 - $615,000 7.4
$307,001 - $461,000 3.0
$154,001 - $307,000 1.4
$77,001 - $154,000 0.8
$0 - $77,000 1.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.27071499677929 12.9458388375165

Number Of Homes And Apartments:
42,751

Rent & Ownership

 

Average Market Rent:
$2,509 / per month

Homeownership Rate

Homeownership
Owners 43.44
Renters 56.56
Vacant 4.99

Housing Market Details

 

Age of Homes

AGE OF Santa Clara HOMES
2000 or Newer 12.7
1970 - 1999 35.5
1940 - 1969 48.4
1939 or Older 3.4

Types of Homes

TYPE OF Santa Clara HOMES
Single-Family 41.1
Townhomes 9.9
Small Apt. Buildings 9.3
Apt. Complexes 39.4
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Santa Clara HOMES
No Bedroom 2.88
1 Bedroom 19.81
2 Bedrooms 32.51
3 Bedrooms 31.39
4 Bedrooms 10.25
5 or more bedrooms 3.17

Santa Clara Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
100.28% 4.17% 8 10
* 10 is highest