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Santa Ana, CA—92704

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$860,000
1.9% YoY Growth
Household Income
$94,200
43.6% YoY Growth
Days on Market
50
1.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$2,500
5.6% YoY Growth
1-Bed Rent
$2,040
11.6% YoY Growth
2-Bed Rent
$2,650
3.0% YoY Growth
3-Bed Rent
$3,800
14.2% YoY Growth

Other Zip Codes in Santa Ana, CA

92703927079270192706
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Santa Ana, CA

As of Dec '25, the median home price in Santa Ana, CA is $860,000, with a year-over-year change of -1.9%. This indicates that home prices in Santa Ana, CA are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$860,000-1.9%
Single Family $915,000-2.9%
Condos $475,000-4.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $384,000
    -4.7%
    2 Bed
    		$499,000-5.8%
    3 Bed
    		$855,000-2.6%
    4 Bed
    		$988,000-2.5%
    5 Bed $1,086,231-3.8%
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    % of Housing Stock

    Studio
    4.5%
    1 Bedroom
    14.5%
    2 Bedrooms
    27.8%
    3 Bedrooms
    28.3%
    4 Bedrooms
    21.2%
    5+ Bedrooms
    3.6%

    Rental Trends — Santa Ana, CA

    As of July '25, Rentcast reports the average rent in Santa Ana, CA is $3,000, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Santa Ana, CA is studios: $1,870, 1-bedrooms: $2,110, 2-bedrooms: $2,750, 3-bedrooms: $4,020, 4-bedrooms: $5,960. The most common rental property sizes in Santa Ana, CA are 2-bedroom and 1-bedroom, accounting for 40.2% and 25.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,500$3,000
    Studio Rent $1,800$1,870
    1 Bed Rent $2,040$2,110
    2 Bed Rent $2,650$2,750
    3 Bed Rent $3,800$4,020
    4 Bed Rent $5,400$5,960
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    % of Rental Stock

    Studio
    6.4%
    1 Bedroom
    25.8%
    2 Bedrooms
    40.2%
    3 Bedrooms
    16.9%
    4 Bedrooms
    8.2%
    5+ Bedrooms
    2.6%

    Property Listings — Santa Ana, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Santa Ana, CA is 43. This is a increase of 10.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$665,0009.0%
    Listing Count
    		548.0%
    Listings as % of Homes0.2%8.0%
    Days on Market
    		501.0%
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    Demographics — Santa Ana, CA

    As of the latest ACS Survey released in 2023, Santa Ana, CA has a population of 80,400, which has decreased by -11.0% over the past 5 years. Santa Ana, CA is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		80,400-11.0%
    % Under 18
    		22.7%-12.0%
    % Seniors
    		11.9%29.3%
    % WFH
    		8.0%207.7%
    % w/ College Degree
    		20.4%33.3%
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    As of the latest ACS Survey released in 2023, Santa Ana, CA is a predominantly hispanic area, with 71.2% of the population identifying as hispanic. The hispanic population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Santa Ana, CA is asian, making up 18.5% of the population. Foreign-born residents account for 43.8% of the population in Santa Ana, CA, and this percentage has decreased by 6.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		8.8%-1.1%
    % Black
    		0.8%0.0%
    % Hispanic
    		71.2%0.1%
    % Asian
    		18.5%2.2%
    % Foreign Born
    		43.8%-6.6%
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    Mortgage and Risk — Santa Ana, CA

    According to HUD data as of 2023, there were 403 mortgage originations in Santa Ana, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Santa Ana, CA. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		403
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Santa Ana, CA

    As of 2024, the percent of homes in Santa Ana, CA under the Section 8 program is 4.9%. 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. 1-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 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		489
    Total Units Section 8
    		489
    % Rentals under Section 8
    		4.9%
    % Occupied Section 8
    		85.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$2,040$2,110
    2 Bedroom-$140$2,650$2,510
    3 Bedroom-$400$3,800$3,400
    4 Bedroom-$1,370$5,400$4,030

    Affordability — Santa Ana, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8
    Median Home Price$860,000
    Median Household Income$94,200

    Santa Ana, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    92703

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    Frequently Asked Questions