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San Martin, CA—95046

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,641,000
2.8% YoY Growth
Household Income
$157,000
39.1% YoY Growth
Days on Market
54
1.0% Shorter YoY
Home Price Forecast
-0.8%
Median Rent
$1,550
63.3% YoY Growth
1-Bed Rent
$1,550
1.9% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$4,650
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — San Martin, CA

As of May '26, the median home price in San Martin, CA is $1,641,000, with a year-over-year change of 2.8%. This indicates that home prices in San Martin, CA are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,641,0002.8%
Single Family $1,640,0003.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$1,094,000-0.5%
    3 Bed
    		$1,475,0002.7%
    4 Bed
    		$1,861,0003.8%
    5 Bed $2,516,6436.4%
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    6.1%
    2 Bedrooms
    14.1%
    3 Bedrooms
    36.2%
    4 Bedrooms
    36.0%
    5+ Bedrooms
    6.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,550$2,580
    Studio Rent N/AN/A
    1 Bed Rent $1,550$1,550
    2 Bed Rent N/AN/A
    3 Bed Rent $4,650$4,650
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    15.7%
    2 Bedrooms
    21.3%
    3 Bedrooms
    32.3%
    4 Bedrooms
    30.7%

    Property Listings — San Martin, CA

    As of May '26, Realtor.com reports that the median days on market for a home in San Martin, CA is 54. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,870,00027.0%
    Listing Count
    		9-8.0%
    Listings as % of Homes0.3%-8.0%
    Days on Market
    		54-1.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		6,77012.3%
    % Under 18
    		17.6%-18.5%
    % Seniors
    		20.1%24.8%
    % WFH
    		23.9%431.1%
    % w/ College Degree
    		36.0%39.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$880$1,550$2,430
    2 BedroomN/AN/A$2,820
    3 Bedroom-$1,040$4,650$3,610
    4 BedroomN/AN/A$3,990

    Affordability — San Martin, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.5
    Median Home Price$1,641,000
    Median Household Income$157,000

    San Martin, CA — ZIP Code Boundary Map

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    Frequently Asked Questions