San Martin, CA—95046
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — San Martin, CA
As of Oct '25, the median home price in San Martin, CA is $1,531,000, with a year-over-year change of -2.5%. This indicates that home prices in San Martin, CA are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,531,000 | -2.5% |
| Single Family | $1,532,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,028,000 | -3.8% |
3 Bed | $1,382,000 | -2.1% |
4 Bed | $1,737,000 | -1.2% |
| 5 Bed | $2,333,000 | 0.9% |
% of Housing Stock
Rental Trends — San Martin, CA
As of July '25, Rentcast reports the average rent in San Martin, CA is $2,580, with a year-over-year rent change of 63.3%. Per bedroom, the median rent as of July '25 in San Martin, CA is 1-bedrooms: $1,550, 3-bedrooms: $4,650. The most common rental property sizes in San Martin, CA are 3-bedroom and 4-bedroom, accounting for 32.3% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,650 | $4,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — San Martin, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in San Martin, CA is 81. This is a increase of 93.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,560,000 | 72.0% |
Listing Count | 11 | 42.0% |
| Listings as % of Homes | 0.3% | 42.0% |
Days on Market | 81 | 93.0% |
Demographics — San Martin, CA
As of the latest ACS Survey released in 2023, San Martin, CA has a population of 6,770, which has increased by 12.3% over the past 5 years. San Martin, CA is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,770 | 12.3% |
% Under 18 | 17.6% | -18.5% |
% Seniors | 20.1% | 24.8% |
% WFH | 23.9% | 431.1% |
% w/ College Degree | 36.0% | 39.5% |
As of the latest ACS Survey released in 2023, San Martin, CA is a predominantly white area, with 44.4% of the population identifying as white. The white population has grown by 7.0% in the last 5 years. The second most common race or ethnicity in San Martin, CA is hispanic, making up 43.8% of the population. Foreign-born residents account for 20.1% of the population in San Martin, CA, and this percentage has increased by 9.8% 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 | 44.4% | 7.0% |
% Black | 1.9% | -20.8% |
% Hispanic | 43.8% | -13.4% |
% Asian | 7.5% | 114.3% |
% Foreign Born | 20.1% | 9.8% |
Mortgage and Risk — San Martin, CA
According to HUD data as of 2023, there were 44 mortgage originations in San Martin, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 35.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in San Martin, CA. Investor activity is low, as 2.0% of loans were by investors. 32.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 32.0% |
Loan Activity
Rentals and Section 8 — San Martin, CA
San Martin, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $880 | $1,550 | $2,430 |
| 2 Bedroom | N/A | N/A | $2,820 |
| 3 Bedroom | -$1,040 | $4,650 | $3,610 |
| 4 Bedroom | N/A | N/A | $3,990 |
Affordability — San Martin, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.1 |
| Median Home Price | $1,531,000 |
| Median Household Income | $157,000 |