Santa Ana, CA—92703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santa Ana, CA
As of Oct '25, the median home price in Santa Ana, CA is $800,000, with a year-over-year change of -0.5%. This indicates that home prices in Santa Ana, CA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $800,000 | -0.5% |
| Single Family | $822,000 | -1.2% |
| Condos | $527,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $469,000 | 0.2% |
2 Bed | $677,000 | 1.8% |
3 Bed | $801,000 | -1.5% |
4 Bed | $887,000 | -1.0% |
| 5 Bed | $956,000 | -1.3% |
% of Housing Stock
Rental Trends — Santa Ana, CA
As of July '25, Rentcast reports the average rent in Santa Ana, CA is $2,470, with a year-over-year rent change of -19.8%. Per bedroom, the median rent as of July '25 in Santa Ana, CA is studios: $2,190, 1-bedrooms: $2,130, 2-bedrooms: $2,470, 3-bedrooms: $3,630, 4-bedrooms: $3,700. The most common rental property sizes in Santa Ana, CA are 2-bedroom and 3-bedroom, accounting for 39.7% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,470 |
| Studio Rent | $2,250 | $2,190 |
| 1 Bed Rent | $2,170 | $2,130 |
| 2 Bed Rent | $2,400 | $2,470 |
| 3 Bed Rent | $3,500 | $3,630 |
| 4 Bed Rent | $3,500 | $3,700 |
% of Rental Stock
Property Listings — Santa Ana, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Ana, CA is 62. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $796,000 | -6.0% |
Listing Count | 37 | 37.0% |
| Listings as % of Homes | 0.2% | 37.0% |
Days on Market | 62 | 16.0% |
Demographics — Santa Ana, CA
As of the latest ACS Survey released in 2023, Santa Ana, CA has a population of 62,200, which has decreased by -11.9% over the past 5 years. Santa Ana, CA is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,200 | -11.9% |
% Under 18 | 21.6% | -20.3% |
% Seniors | 11.8% | 28.3% |
% WFH | 6.5% | 282.4% |
% w/ College Degree | 13.4% | 55.8% |
As of the latest ACS Survey released in 2023, Santa Ana, CA is a predominantly hispanic area, with 77.1% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Santa Ana, CA is asian, making up 16.3% of the population. Foreign-born residents account for 47.0% of the population in Santa Ana, CA, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 5.1% | 13.3% |
% Black | 0.7% | 0.0% |
% Hispanic | 77.1% | -0.9% |
% Asian | 16.3% | -2.4% |
% Foreign Born | 47.0% | -5.6% |
Mortgage and Risk — Santa Ana, CA
According to HUD data as of 2023, there were 254 mortgage originations in Santa Ana, CA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Santa Ana, CA. Investor activity is low, as 7.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 254 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Santa Ana, CA
As of 2024, the percent of homes in Santa Ana, CA under the Section 8 program is 13.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Santa Ana, CA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,022 |
Total Units Section 8 | 1,022 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $2,170 | $2,110 |
| 2 Bedroom | $110 | $2,400 | $2,510 |
| 3 Bedroom | -$100 | $3,500 | $3,400 |
| 4 Bedroom | $530 | $3,500 | $4,030 |
Affordability — Santa Ana, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $800,000 |
| Median Household Income | $80,800 |