Santa Cruz, CA


Highest Appreciating Santa Cruz Neighborhoods Since 2000

Santa Cruz, 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

Santa Cruz Housing Market Information

With a population of 64,220, 21,516 total housing units (homes and apartments), and a median house value of $782,096, Santa Cruz house prices are not only among the most expensive in California, Santa Cruz 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 Cruz, accounting for 54.87% of the city's housing units. Other types of housing that are prevalent in Santa Cruz include large apartment complexes or high rise apartments ( 21.83%), duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), and a few row houses and other attached homes ( 9.98%).

People in Santa Cruz primarily live in small (one, two or no bedroom) single-family detached homes. Santa Cruz has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Santa Cruz 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 Santa Cruz built between 1940-1969 ( 33.35%). A lesser amount of the housing stock also hails from before 1939 ( 21.13%). There's also some housing in Santa Cruz built between 2000 and later ( 11.17%).

Santa Cruz Home Appreciation Rates

Appreciation rates for homes in Santa Cruz have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.44%, which ranks in the top 30% nationwide. This equates to an annual average Santa Cruz house appreciation rate of 1.36%.

Appreciation rates are so strong in Santa Cruz that despite a nationwide downturn in the housing market, Santa Cruz real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Cruz appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 90.07% 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 Cruz. Santa Cruz appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.32%.

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

Average Home Values


Median Home Value:


Value Range
> $1,332,000 10.3
$999,001 - $1,332,000 20.3
$666,001 - $999,000 36.6
$533,001 - $666,000 13.7
$400,001 - $533,000 8.1
$266,001 - $400,000 6.1
$133,001 - $266,000 1.2
$67,001 - $133,000 1.5
$0 - $67,000 2.3

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.08015938122583 19.3121693121693

Number Of Homes And Apartments:

Santa Cruz Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
79.62% 3.45% 5 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,221 / per month

Homeownership Rate

Owners 37.55
Renters 62.45
Vacant 8.44

Housing Market Details


Age of Homes

2000 or Newer 11.2
1970 - 1999 34.3
1940 - 1969 33.4
1939 or Older 21.1

Types of Homes

Single-Family 54.9
Townhomes 10.0
Small Apt. Buildings 11.0
Apt. Complexes 21.8
Mobile Homes 2.0
Other 0.3

Home Size

No Bedroom 7.15
1 Bedroom 19.04
2 Bedrooms 33.24
3 Bedrooms 29.13
4 Bedrooms 9.21
5 or more bedrooms 2.23