Santa Clara, CA—95054
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 $1,484,000, with a year-over-year change of -2.1%. This indicates that home prices in Santa Clara, 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 | $1,484,000 | -2.1% |
| Single Family | $1,585,000 | -2.3% |
| Condos | $895,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $671,000 | -8.3% |
2 Bed | $925,000 | -6.1% |
3 Bed | $1,457,000 | -3.2% |
4 Bed | $1,718,000 | -2.2% |
| 5 Bed | $2,047,000 | -2.6% |
% of Housing Stock
Rental Trends — Santa Clara, CA
As of July '25, Rentcast reports the average rent in Santa Clara, CA is $3,480, with a year-over-year rent change of -19.8%. Per bedroom, the median rent as of July '25 in Santa Clara, CA is studios: $2,770, 1-bedrooms: $2,680, 2-bedrooms: $3,570, 3-bedrooms: $4,630, 4-bedrooms: $4,670. The most common rental property sizes in Santa Clara, CA are 2-bedroom and 1-bedroom, accounting for 41.4% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,480 |
| Studio Rent | $2,980 | $2,770 |
| 1 Bed Rent | $2,800 | $2,680 |
| 2 Bed Rent | $3,600 | $3,570 |
| 3 Bed Rent | $4,440 | $4,630 |
| 4 Bed Rent | $5,000 | $4,670 |
% 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 34. This is a increase of 67.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,120,000 | -22.0% |
Listing Count | 19 | -19.0% |
| Listings as % of Homes | 0.1% | -19.0% |
Days on Market | 34 | 67.0% |
Demographics — Santa Clara, CA
As of the latest ACS Survey released in 2023, Santa Clara, CA has a population of 25,200, which has increased by 3.8% over the past 5 years. Santa Clara, CA is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 68.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,200 | 3.8% |
% Under 18 | 19.3% | -8.5% |
% Seniors | 9.0% | 4.7% |
% WFH | 27.1% | 247.4% |
% w/ College Degree | 68.5% | 1.3% |
As of the latest ACS Survey released in 2023, Santa Clara, CA is a predominantly asian area, with 57.9% of the population identifying as asian. The asian population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Santa Clara, CA is white, making up 19.5% of the population. Foreign-born residents account for 53.6% of the population in Santa Clara, CA, and this percentage has increased by 4.1% 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 | 19.5% | -20.1% |
% Black | 3.2% | -3.0% |
% Hispanic | 14.2% | 32.7% |
% Asian | 57.9% | 0.2% |
% Foreign Born | 53.6% | 4.1% |
Mortgage and Risk — Santa Clara, CA
According to HUD data as of 2023, there were 135 mortgage originations in Santa Clara, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Santa Clara, CA. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 2.2%. 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 Santa Clara, 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 | 134 |
Total Units Section 8 | 134 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $2,800 | $3,500 |
| 2 Bedroom | $450 | $3,600 | $4,050 |
| 3 Bedroom | $820 | $4,440 | $5,260 |
| 4 Bedroom | $730 | $5,000 | $5,730 |
Affordability — Santa Clara, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $1,484,000 |
| Median Household Income | $204,000 |