Sunnyvale, CA—94085
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sunnyvale, CA
As of Oct '25, the median home price in Sunnyvale, CA is $1,509,000, with a year-over-year change of -0.9%. This indicates that home prices in Sunnyvale, CA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,509,000 | -0.9% |
| Single Family | $1,592,000 | -1.4% |
| Condos | $1,036,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $633,000 | -6.2% |
2 Bed | $966,000 | -4.7% |
3 Bed | $1,555,000 | -1.5% |
4 Bed | $1,717,000 | -2.7% |
| 5 Bed | $1,867,000 | -1.2% |
% of Housing Stock
Rental Trends — Sunnyvale, CA
As of July '25, Rentcast reports the average rent in Sunnyvale, CA is $3,110, with a year-over-year rent change of -23.2%. Per bedroom, the median rent as of July '25 in Sunnyvale, CA is studios: $1,960, 1-bedrooms: $2,740, 2-bedrooms: $3,040, 3-bedrooms: $4,720, 4-bedrooms: $5,010. The most common rental property sizes in Sunnyvale, CA are 2-bedroom and 1-bedroom, accounting for 41.2% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,110 |
| Studio Rent | $1,800 | $1,960 |
| 1 Bed Rent | $2,800 | $2,740 |
| 2 Bed Rent | $2,850 | $3,040 |
| 3 Bed Rent | $4,800 | $4,720 |
| 4 Bed Rent | $4,650 | $5,010 |
% of Rental Stock
Property Listings — Sunnyvale, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sunnyvale, CA is 32. This is a increase of 30.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,520,000 | -3.0% |
Listing Count | 33 | 48.0% |
| Listings as % of Homes | 0.2% | 48.0% |
Days on Market | 32 | 30.0% |
Demographics — Sunnyvale, CA
As of the latest ACS Survey released in 2023, Sunnyvale, CA has a population of 23,200, which has decreased by -1.9% over the past 5 years. Sunnyvale, CA is a moderately popular place for families, as children make up 16.5% of the population. The area has a highly educated workforce, with 62.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | -1.9% |
% Under 18 | 16.5% | -20.7% |
% Seniors | 7.7% | 20.3% |
% WFH | 27.7% | 765.6% |
% w/ College Degree | 62.2% | 16.3% |
As of the latest ACS Survey released in 2023, Sunnyvale, CA is a predominantly asian area, with 48.7% of the population identifying as asian. The asian population has grown by 23.9% in the last 5 years. The second most common race or ethnicity in Sunnyvale, CA is hispanic, making up 29.6% of the population. Foreign-born residents account for 54.8% of the population in Sunnyvale, CA, and this percentage has increased by 11.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.5% | -20.3% |
% Black | 1.2% | -53.8% |
% Hispanic | 29.6% | -13.2% |
% Asian | 48.7% | 23.9% |
% Foreign Born | 54.8% | 11.4% |
Mortgage and Risk — Sunnyvale, CA
According to HUD data as of 2023, there were 186 mortgage originations in Sunnyvale, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Sunnyvale, CA. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Sunnyvale, CA
As of 2024, the percent of homes in Sunnyvale, CA under the Section 8 program is 2.0%. 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. In Sunnyvale, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 110 |
Total Units Section 8 | 110 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $2,800 | $3,500 |
| 2 Bedroom | $1,200 | $2,850 | $4,050 |
| 3 Bedroom | $460 | $4,800 | $5,260 |
| 4 Bedroom | $1,080 | $4,650 | $5,730 |
Affordability — Sunnyvale, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $1,509,000 |
| Median Household Income | $184,000 |