Santa Ana, CA—92704
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 $866,000, with a year-over-year change of -1.3%. This indicates that home prices in Santa Ana, CA are decreasing. 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 | $866,000 | -1.3% |
| Single Family | $921,000 | -2.5% |
| Condos | $481,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $388,000 | -4.9% |
2 Bed | $506,000 | -5.9% |
3 Bed | $860,000 | -2.4% |
4 Bed | $996,000 | -2.2% |
| 5 Bed | $1,098,000 | -3.4% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 44. This is a increase of 22.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $835,000 | 5.0% |
Listing Count | 57 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 44 | 22.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $866,000 |
| Median Household Income | $94,200 |