Santa Clara, CA—95051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santa Clara, CA
As of Oct '25, the median home price in Santa Clara, CA is $1,829,000, with a year-over-year change of -0.3%. This indicates that home prices in Santa Clara, CA are flat. 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 | $1,829,000 | -0.3% |
| Single Family | $1,967,000 | -0.3% |
| Condos | $787,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $461,000 | -11.3% |
2 Bed | $790,000 | -8.1% |
3 Bed | $1,825,000 | -0.9% |
4 Bed | $2,174,000 | 0.0% |
| 5 Bed | $2,501,000 | -0.1% |
% of Housing Stock
Rental Trends — Santa Clara, CA
As of July '25, Rentcast reports the average rent in Santa Clara, CA is $3,500, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Santa Clara, CA is studios: $2,370, 1-bedrooms: $2,690, 2-bedrooms: $3,330, 3-bedrooms: $4,730, 4-bedrooms: $5,460. The most common rental property sizes in Santa Clara, CA are 2-bedroom and 1-bedroom, accounting for 39.1% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,220 | $3,500 |
| Studio Rent | $2,000 | $2,370 |
| 1 Bed Rent | $2,720 | $2,690 |
| 2 Bed Rent | $3,300 | $3,330 |
| 3 Bed Rent | $4,650 | $4,730 |
| 4 Bed Rent | $5,500 | $5,460 |
% of Rental Stock
Property Listings — Santa Clara, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Clara, CA is 32. This is a increase of 36.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,510,000 | 3.0% |
Listing Count | 55 | -8.0% |
| Listings as % of Homes | 0.1% | -8.0% |
Days on Market | 32 | 36.0% |
Demographics — Santa Clara, CA
As of the latest ACS Survey released in 2023, Santa Clara, CA has a population of 61,300, which has increased by 5.5% over the past 5 years. Santa Clara, CA is a moderately popular place for families, as children make up 18.4% of the population. The area has a highly educated workforce, with 70.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,300 | 5.5% |
% Under 18 | 18.4% | -11.1% |
% Seniors | 11.4% | -7.3% |
% WFH | 25.5% | 466.7% |
% w/ College Degree | 70.7% | 16.7% |
As of the latest ACS Survey released in 2023, Santa Clara, CA is a predominantly asian area, with 53.8% of the population identifying as asian. The asian population has grown by 14.0% in the last 5 years. The second most common race or ethnicity in Santa Clara, CA is white, making up 25.9% of the population. Foreign-born residents account for 49.1% of the population in Santa Clara, CA, and this percentage has increased by 6.0% 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 | 25.9% | -15.9% |
% Black | 1.2% | -42.9% |
% Hispanic | 13.2% | -15.4% |
% Asian | 53.8% | 14.0% |
% Foreign Born | 49.1% | 6.0% |
Mortgage and Risk — Santa Clara, CA
According to HUD data as of 2023, there were 409 mortgage originations in Santa Clara, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Santa Clara, CA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 409 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Santa Clara, CA
As of 2024, the percent of homes in Santa Clara, CA under the Section 8 program is 2.9%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Santa Clara, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 443 |
Total Units Section 8 | 443 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $2,720 | $3,280 |
| 2 Bedroom | $500 | $3,300 | $3,800 |
| 3 Bedroom | $290 | $4,650 | $4,940 |
| 4 Bedroom | -$120 | $5,500 | $5,380 |
Affordability — Santa Clara, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $1,829,000 |
| Median Household Income | $186,000 |