Sunnyvale, CA—94089
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 $1,406,000, with a year-over-year change of -1.2%. This indicates that home prices in Sunnyvale, CA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,406,000 | -1.2% |
| Single Family | $1,433,000 | -2.3% |
| Condos | $1,208,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,073,000 | 5.0% |
3 Bed | $1,410,000 | -1.4% |
4 Bed | $1,551,000 | -1.5% |
| 5 Bed | $1,748,581 | -1.3% |
% of Housing Stock
Rental Trends — Sunnyvale, CA
As of July '25, Rentcast reports the average rent in Sunnyvale, CA is $3,660, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Sunnyvale, CA is studios: $2,280, 1-bedrooms: $2,950, 2-bedrooms: $3,990, 3-bedrooms: $4,490, 4-bedrooms: $5,850. The most common rental property sizes in Sunnyvale, CA are 1-bedroom and 2-bedroom, accounting for 40.2% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,520 | $3,660 |
| Studio Rent | $2,550 | $2,280 |
| 1 Bed Rent | $2,990 | $2,950 |
| 2 Bed Rent | $3,850 | $3,990 |
| 3 Bed Rent | $5,000 | $4,490 |
| 4 Bed Rent | $5,850 | $5,850 |
% 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 49. This is a decrease of -42.0% 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 | $1,580,000 | 5.0% |
Listing Count | 10 | -11.0% |
| Listings as % of Homes | 0.1% | -11.0% |
Days on Market | 49 | -42.0% |
Demographics — Sunnyvale, CA
As of the latest ACS Survey released in 2023, Sunnyvale, CA has a population of 23,200, which has increased by 4.0% over the past 5 years. Sunnyvale, CA is a moderately popular place for families, as children make up 15.6% of the population. The area has a highly educated workforce, with 56.8% 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 | 23,200 | 4.0% |
% Under 18 | 15.6% | 5.4% |
% Seniors | 14.1% | 0.7% |
% WFH | 25.5% | 672.7% |
% w/ College Degree | 56.8% | 16.9% |
As of the latest ACS Survey released in 2023, Sunnyvale, CA is a predominantly asian area, with 45.6% of the population identifying as asian. The asian population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Sunnyvale, CA is white, making up 24.5% of the population. Foreign-born residents account for 50.7% of the population in Sunnyvale, CA, and this percentage has increased by 15.0% 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 | 24.5% | -12.8% |
% Black | 1.8% | -35.7% |
% Hispanic | 23.6% | 4.4% |
% Asian | 45.6% | 4.1% |
% Foreign Born | 50.7% | 15.0% |
Mortgage and Risk — Sunnyvale, CA
According to HUD data as of 2023, there were 162 mortgage originations in Sunnyvale, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Sunnyvale, CA. Investor activity is low, as 1.0% 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 | 162 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% 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 1.6%. 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. In Sunnyvale, 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 | 77 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $670 | $2,990 | $3,660 |
| 2 Bedroom | $390 | $3,850 | $4,240 |
| 3 Bedroom | $510 | $5,000 | $5,510 |
| 4 Bedroom | $150 | $5,850 | $6,000 |
Affordability — Sunnyvale, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $1,406,000 |
| Median Household Income | $154,000 |