Sunnyvale, CA—94087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sunnyvale, CA
As of Nov '25, the median home price in Sunnyvale, CA is $2,690,000, with a year-over-year change of -0.8%. This indicates that home prices in Sunnyvale, CA are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,690,000 | -0.8% |
| Single Family | $2,759,000 | -0.6% |
| Condos | $1,010,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $609,000 | -8.6% |
2 Bed | $1,096,000 | -4.9% |
3 Bed | $2,481,000 | -0.6% |
4 Bed | $2,945,000 | -0.6% |
| 5 Bed | $3,237,260 | -1.5% |
% of Housing Stock
Rental Trends — Sunnyvale, CA
As of July '25, Rentcast reports the average rent in Sunnyvale, CA is $3,650, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Sunnyvale, CA is studios: $2,010, 1-bedrooms: $2,820, 2-bedrooms: $3,450, 3-bedrooms: $4,890, 4-bedrooms: $6,190. The most common rental property sizes in Sunnyvale, CA are 2-bedroom and 3-bedroom, accounting for 38.6% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,350 | $3,650 |
| Studio Rent | $1,920 | $2,010 |
| 1 Bed Rent | $2,780 | $2,820 |
| 2 Bed Rent | $3,600 | $3,450 |
| 3 Bed Rent | $4,700 | $4,890 |
| 4 Bed Rent | $5,950 | $6,190 |
% of Rental Stock
Property Listings — Sunnyvale, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Sunnyvale, CA is 38. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,990,000 | -6.0% |
Listing Count | 33 | -12.0% |
| Listings as % of Homes | 0.1% | -12.0% |
Days on Market | 38 | -12.0% |
Demographics — Sunnyvale, CA
As of the latest ACS Survey released in 2023, Sunnyvale, CA has a population of 58,100, which has increased by 1.6% over the past 5 years. Sunnyvale, CA is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 76.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,100 | 1.6% |
% Under 18 | 24.5% | -4.7% |
% Seniors | 15.4% | 9.2% |
% WFH | 29.3% | 442.6% |
% w/ College Degree | 76.6% | 6.5% |
As of the latest ACS Survey released in 2023, Sunnyvale, CA is a predominantly asian area, with 51.7% of the population identifying as asian. The asian population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Sunnyvale, CA is white, making up 32.8% of the population. Foreign-born residents account for 46.5% of the population in Sunnyvale, CA, and this percentage has decreased by 0.9% 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 | 32.8% | -12.1% |
% Black | 1.6% | 60.0% |
% Hispanic | 8.4% | 9.1% |
% Asian | 51.7% | 4.0% |
% Foreign Born | 46.5% | -0.9% |
Mortgage and Risk — Sunnyvale, CA
According to HUD data as of 2023, there were 409 mortgage originations in Sunnyvale, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Sunnyvale, CA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 409 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Sunnyvale, CA
As of 2024, the percent of homes in Sunnyvale, CA under the Section 8 program is 2.6%. 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 Sunnyvale, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 236 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $2,780 | $3,370 |
| 2 Bedroom | $300 | $3,600 | $3,900 |
| 3 Bedroom | $370 | $4,700 | $5,070 |
| 4 Bedroom | -$430 | $5,950 | $5,520 |
Affordability — Sunnyvale, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.6 |
| Median Home Price | $2,690,000 |
| Median Household Income | $201,000 |