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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.



Santa Clara, UT 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

Santa Clara, UT Housing Market Trends

With 4,062 people, 2,367 houses or apartments, and a median cost of homes of $616,977, real estate costs in Santa Clara are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

Single-family detached homes are the single most common housing type in Santa Clara, accounting for 85.43% of the city's housing units. Other types of housing that are prevalent in Santa Clara include row houses and other attached homes ( 6.78%), large apartment complexes or high rise apartments ( 4.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Santa Clara. Owner-occupied housing accounts for 78.35% of Santa Clara's homes, and 69.84% have either three or four bedrooms, which is average sized relative to America.

Santa Clara homes and real estate are some of the newest in America. 50.84% of Santa Clara's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Santa Clara real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.93%), and between 1940-1969 ( 2.06%). There's also some housing in Santa Clara built before 1939 ( 1.16%).

Vacant housing appears to be an issue in Santa Clara. Fully 11.32% of the housing stock is classified as vacant. Left unchecked, vacant Santa Clara homes and apartments can be a drag on the real estate market, holding Santa Clara real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 128.77% over the last ten years, which is an average annual home appreciation rate of 8.63%, 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.

Over the last year, Santa Clara appreciation rates have trailed the rest of the nation. In the last twelve months, Santa Clara's appreciation rate has been -1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Santa Clara were at 2.40%, which equates to an annual appreciation rate of 9.96%.

Importantly, this makes Santa Clara one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Santa Clara's latest annual appreciation rate is lower than 90% of the other cities and towns in Utah.

Average Home Values

Median Home Value

$616,977

Santa Clara, UT Home Prices
> $1,319,000
$990,001 - $1,319,000
$660,001 - $990,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
9.5%
9.5%
13.4%
13.4%
18.4%
18.4%
24.0%
24.0%
23.2%
23.2%
8.9%
8.9%
0.7%
0.7%
0.6%
0.6%
1.3%
1.3%
0% 100.0%
% of Homes
High

for Utah

Very High

for nation

Number of Homes And Apartments:

2,367

Santa Clara Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,417 / per month

Homeownership Rate

Owners
Renters
78.4%
78.4%
21.6%
21.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.3%
11.3%
88.7%
88.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
50.8%
50.8%
45.9%
45.9%
2.1%
2.1%
1.2%
1.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.4%
85.4%
6.8%
6.8%
3.7%
3.7%
4.0%
4.0%
0.0%
0.0%
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
4.0%
4.0%
0.0%
0.0%
6.0%
6.0%
42.6%
42.6%
27.2%
27.2%
20.1%
20.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Santa Clara

Popular Communities Near Santa Clara, UT

Zip Codes in Santa Clara, UT