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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.



Sunnyvale, 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

Sunnyvale, CA Housing Market Trends

With 153,091 people, 58,646 houses or apartments, and a median cost of homes of $1,694,758, Sunnyvale house prices are not only among the most expensive in California, Sunnyvale 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 Sunnyvale, accounting for 37.59% of the city's housing units. Other types of housing that are prevalent in Sunnyvale include single-family detached homes ( 36.56%), row houses and other attached homes ( 10.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.87%). 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 Sunnyvale primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Sunnyvale has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sunnyvale 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 Sunnyvale built between 1940-1969 ( 39.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.50%). There's also some housing in Sunnyvale built before 1939 ( 1.57%).

Sunnyvale Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Sunnyvale, where house values have increased just 37.96%, which is annualized rate of 3.27%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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

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

Average Home Values

Median Home Value

$1,694,758

Sunnyvale, CA Home Prices
> $957,000
$718,001 - $957,000
$479,001 - $718,000
$383,001 - $479,000
$287,001 - $383,000
$192,001 - $287,000
$96,001 - $192,000
$48,001 - $96,000
$0 - $48,000
79.2%
79.2%
5.3%
5.3%
2.9%
2.9%
1.2%
1.2%
2.2%
2.2%
3.1%
3.1%
3.3%
3.3%
0.6%
0.6%
2.1%
2.1%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

58,646

Sunnyvale Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,661 / per month

Homeownership Rate

Owners
Renters
44.0%
44.0%
56.0%
56.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.7%
4.7%
95.3%
95.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.5%
17.5%
41.9%
41.9%
39.0%
39.0%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.6%
36.6%
10.3%
10.3%
9.9%
9.9%
37.6%
37.6%
5.7%
5.7%
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
5.2%
5.2%
20.0%
20.0%
28.3%
28.3%
29.9%
29.9%
13.4%
13.4%
3.2%
3.2%
0% 100.0%
% of Homes