Saratoga, CA—95070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saratoga, CA
As of Oct '25, the median home price in Saratoga, CA is $3,918,000, with a year-over-year change of 1.8%. This indicates that home prices in Saratoga, CA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $3,918,000 | 1.8% |
| Single Family | $3,982,000 | 1.5% |
| Condos | $1,188,000 | -7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,363,000 | -5.9% |
3 Bed | $3,114,000 | 0.9% |
4 Bed | $4,030,000 | 1.8% |
| 5 Bed | $4,589,000 | 0.7% |
% of Housing Stock
Rental Trends — Saratoga, CA
As of July '25, Rentcast reports the average rent in Saratoga, CA is $6,440, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Saratoga, CA is studios: $1,800, 1-bedrooms: $2,600, 2-bedrooms: $4,200, 3-bedrooms: $6,420, 4-bedrooms: $7,220. The most common rental property sizes in Saratoga, CA are 3-bedroom and 2-bedroom, accounting for 32.6% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,950 | $6,440 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $2,500 | $2,600 |
| 2 Bed Rent | $4,190 | $4,200 |
| 3 Bed Rent | $5,500 | $6,420 |
| 4 Bed Rent | $6,950 | $7,220 |
% of Rental Stock
Property Listings — Saratoga, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Saratoga, CA is 38. This is a increase of 17.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,760,000 | -11.0% |
Listing Count | 75 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 38 | 17.0% |
Demographics — Saratoga, CA
As of the latest ACS Survey released in 2023, Saratoga, CA has a population of 31,400, which has remained stable by 0.2% over the past 5 years. Saratoga, CA is a moderately popular place for families, as children make up 19.4% of the population. The area has a highly educated workforce, with 80.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 0.2% |
% Under 18 | 19.4% | -7.6% |
% Seniors | 25.8% | 17.3% |
% WFH | 35.2% | 222.9% |
% w/ College Degree | 80.8% | 4.1% |
As of the latest ACS Survey released in 2023, Saratoga, CA is a predominantly asian area, with 58.6% of the population identifying as asian. The asian population has grown by 20.1% in the last 5 years. The second most common race or ethnicity in Saratoga, CA is white, making up 34.2% of the population. Foreign-born residents account for 45.3% of the population in Saratoga, CA, and this percentage has increased by 12.7% 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 | 34.2% | -21.6% |
% Black | 0.1% | -80.0% |
% Hispanic | 2.5% | -21.9% |
% Asian | 58.6% | 20.1% |
% Foreign Born | 45.3% | 12.7% |
Mortgage and Risk — Saratoga, CA
According to HUD data as of 2023, there were 305 mortgage originations in Saratoga, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Saratoga, CA. Investor activity is low, as 1.0% 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 | 305 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Saratoga, CA
As of 2024, the percent of homes in Saratoga, CA under the Section 8 program is 11.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Saratoga, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $770 | $2,500 | $3,270 |
| 2 Bedroom | -$310 | $4,190 | $3,880 |
| 3 Bedroom | -$500 | $5,500 | $5,000 |
| 4 Bedroom | -$1,520 | $6,950 | $5,430 |
Affordability — Saratoga, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 14.2 |
| Median Home Price | $3,918,000 |
| Median Household Income | $241,000 |