Home Values

San Martin Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$905,100

  • 8.5% 1-year change
  • 4.0% 1-year forecast

The median home value in San Martin is $905,100. San Martin home values have gone up 8.5% over the past year and Zillow predicts they will rise 4.0% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In San Martin 5.1 homes are foreclosed (per 10,000). This is greater than the San Jose Metro value of 0.6 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in San Martin is 20.0%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of San Martin homeowners underwater on their mortgage is 5.5%, which is higher than San Jose Metro at 3.8%.

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Relative ZHVI
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San Martin Market Overview

Data through May 31, 2015
  • $905,100 ZHVI
  • 4.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No data Median sale price
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San Martin Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 5.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 20.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5.1 homes(Feb 28, 2015) San Martin
0.6 homes San Jose Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Morgan Hill $709,300
Aptos $697,700
San Jose $689,000
Name Median ZHVI
Gilroy $559,200
Aromas $500,400
San Juan Bautista $461,900
Name Median ZHVI
Hollister $390,500
Watsonville $381,600
Freedom $338,100

Listings & Sales

  • No data
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San Martin Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $3,303 San Martin
    $3,338 San Jose Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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