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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 127,134, 43,417 total housing units (homes and apartments), and a median house value of $1,140,465, 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.
Large apartment complexes or high rise apartments are the single most common housing type in Santa Clara, accounting for 40.94% of the city's housing units. Other types of housing that are prevalent in Santa Clara include single-family detached homes ( 40.20%), row houses and other attached homes ( 9.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.30%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Santa Clara primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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 46.37% of the city's housing hails from this era. Other housing ages represented in Santa Clara include homes built between 1970-1999 ( 36.42%) and housing constructed between 2000 and later ( 13.76%). There's also some housing in Santa Clara built before 1939 ( 3.45%).
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 96.17% over the last ten years, which is an average annual home appreciation rate of 6.97%, 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 13.38%, which is higher than appreciation rates in 99.43% 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 1.48%, which equates to an annual appreciation rate of 6.04%.
Relative to California, our data show that Santa Clara'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 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.
|$1,050,001 - $1,400,000||32.3|
|$700,001 - $1,050,000||28.3|
|$560,001 - $700,000||6.6|
|$420,001 - $560,000||3.4|
|$280,001 - $420,000||0.7|
|$140,001 - $280,000||0.3|
|$70,001 - $140,000||0.6|
|$0 - $70,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Santa Clara HOMES|
|2000 or Newer||13.8|
|1970 - 1999||36.4|
|1940 - 1969||46.4|
|1939 or Older||3.5|
|TYPE OF Santa Clara HOMES|
|Small Apt. Buildings||9.3|
|SIZE OF Santa Clara HOMES|
|5 or more bedrooms||2.46|