Santa Ana, CA—92706
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 $995,000, with a year-over-year change of -0.2%. This indicates that home prices in Santa Ana, CA are flat. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $995,000 | -0.2% |
| Single Family | $1,014,000 | -0.4% |
| Condos | $500,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $447,000 | -0.4% |
2 Bed | $814,000 | 0.9% |
3 Bed | $989,000 | -0.8% |
4 Bed | $1,093,000 | -0.4% |
| 5 Bed | $1,358,000 | 0.1% |
% of Housing Stock
Rental Trends — Santa Ana, CA
As of July '25, Rentcast reports the average rent in Santa Ana, CA is $2,840, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Santa Ana, CA is studios: $1,820, 1-bedrooms: $2,090, 2-bedrooms: $2,680, 3-bedrooms: $3,960, 4-bedrooms: $5,710. The most common rental property sizes in Santa Ana, CA are 2-bedroom and 1-bedroom, accounting for 39.6% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,840 |
| Studio Rent | $1,750 | $1,820 |
| 1 Bed Rent | $1,950 | $2,090 |
| 2 Bed Rent | $2,800 | $2,680 |
| 3 Bed Rent | $3,550 | $3,960 |
| 4 Bed Rent | $4,480 | $5,710 |
% 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 18.0% 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 | $1,240,000 | 15.0% |
Listing Count | 37 | 49.0% |
| Listings as % of Homes | 0.2% | 49.0% |
Days on Market | 62 | 18.0% |
Demographics — Santa Ana, CA
As of the latest ACS Survey released in 2023, Santa Ana, CA has a population of 37,200, which has increased by 6.0% over the past 5 years. Santa Ana, CA is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,200 | 6.0% |
% Under 18 | 23.1% | -13.8% |
% Seniors | 12.3% | 21.8% |
% WFH | 9.7% | 148.7% |
% w/ College Degree | 22.8% | 11.8% |
As of the latest ACS Survey released in 2023, Santa Ana, CA is a predominantly hispanic area, with 71.4% of the population identifying as hispanic. The hispanic population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Santa Ana, CA is white, making up 17.5% of the population. Foreign-born residents account for 33.5% of the population in Santa Ana, CA, and this percentage has decreased by 13.0% 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 | 17.5% | 7.4% |
% Black | 1.0% | -33.3% |
% Hispanic | 71.4% | 1.0% |
% Asian | 8.4% | -18.4% |
% Foreign Born | 33.5% | -13.0% |
Mortgage and Risk — Santa Ana, CA
According to HUD data as of 2023, there were 183 mortgage originations in Santa Ana, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 40.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Santa Ana, CA. Investor activity is low, as 1.0% 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 | 183 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% 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 8.9%. 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 | 452 |
Total Units Section 8 | 452 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,950 | $2,110 |
| 2 Bedroom | -$290 | $2,800 | $2,510 |
| 3 Bedroom | -$150 | $3,550 | $3,400 |
| 4 Bedroom | -$450 | $4,480 | $4,030 |
Affordability — Santa Ana, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $995,000 |
| Median Household Income | $96,400 |