Santa Ana, CA—92701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santa Ana, CA
As of Oct '25, the median home price in Santa Ana, CA is $688,000, with a year-over-year change of 1.2%. This indicates that home prices in Santa Ana, CA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $688,000 | 1.2% |
| Single Family | $834,000 | -0.4% |
| Condos | $414,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $396,000 | -4.6% |
2 Bed | $545,000 | -2.0% |
3 Bed | $842,000 | -0.6% |
4 Bed | $952,000 | 0.5% |
| 5 Bed | $1,019,000 | -0.3% |
% of Housing Stock
Rental Trends — Santa Ana, CA
As of July '25, Rentcast reports the average rent in Santa Ana, CA is $2,910, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Santa Ana, CA is studios: $2,330, 1-bedrooms: $2,450, 2-bedrooms: $3,430, 3-bedrooms: $3,370, 4-bedrooms: $4,800. The most common rental property sizes in Santa Ana, CA are 1-bedroom and 2-bedroom, accounting for 38.2% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,910 |
| Studio Rent | $2,330 | $2,330 |
| 1 Bed Rent | $2,200 | $2,450 |
| 2 Bed Rent | $3,370 | $3,430 |
| 3 Bed Rent | $4,200 | $3,370 |
| 4 Bed Rent | $4,700 | $4,800 |
% of Rental Stock
Property Listings — Santa Ana, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Ana, CA is 55. This is a increase of 8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $576,000 | 16.0% |
Listing Count | 56 | 9.0% |
| Listings as % of Homes | 0.2% | 9.0% |
Days on Market | 55 | 8.0% |
Demographics — Santa Ana, CA
As of the latest ACS Survey released in 2023, Santa Ana, CA has a population of 48,300, which has decreased by -9.9% over the past 5 years. Santa Ana, CA is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,300 | -9.9% |
% Under 18 | 26.4% | -16.7% |
% Seniors | 9.2% | 46.0% |
% WFH | 7.2% | 300.0% |
% w/ College Degree | 11.0% | 10.0% |
As of the latest ACS Survey released in 2023, Santa Ana, CA is a predominantly hispanic area, with 87.7% of the population identifying as hispanic. The hispanic population has remained stable in the last 5 years. The second most common race or ethnicity in Santa Ana, CA is white, making up 6.0% of the population. Foreign-born residents account for 42.5% of the population in Santa Ana, CA, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 6.0% | -6.2% |
% Black | 0.5% | -28.6% |
% Hispanic | 87.7% | 0.0% |
% Asian | 5.0% | 11.1% |
% Foreign Born | 42.5% | -5.8% |
Mortgage and Risk — Santa Ana, CA
According to HUD data as of 2023, there were 225 mortgage originations in Santa Ana, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Santa Ana, CA. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Santa Ana, CA
As of 2024, the percent of homes in Santa Ana, CA under the Section 8 program is 8.2%. 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 Ana, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 787 |
Total Units Section 8 | 787 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 91.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $2,200 | $2,110 |
| 2 Bedroom | -$860 | $3,370 | $2,510 |
| 3 Bedroom | -$800 | $4,200 | $3,400 |
| 4 Bedroom | -$670 | $4,700 | $4,030 |
Affordability — Santa Ana, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $688,000 |
| Median Household Income | $68,700 |