Home Values

Santa Clara County 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

$854,200

  • 10.6% 1-year change
  • 3.8% 1-year forecast

The median home value in Santa Clara County is $854,200. Santa Clara County home values have gone up 10.6% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in Santa Clara County is $451, which is higher than the San Jose Metro average of $447. The median price of homes currently listed in Santa Clara County is $725,000 while the median price of homes that sold is $713,100. The median rent price in Santa Clara County is $2,755, which is higher than the San Jose Metro median of $2,750.

Foreclosures will be a factor impacting home values in the next several years. In Santa Clara County 0.9 homes are foreclosed (per 10,000). This is lower than the San Jose Metro value of 1.0 and also lower than the national value of 4.0

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 Santa Clara County is 4.2%, which is lower than the national value of 6.4%. 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 Santa Clara County homeowners underwater on their mortgage is 4.2%, which is lower than San Jose Metro at 4.5%.

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Relative ZHVI
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Santa Clara County Market Overview

Data through Jan 31, 2015
  • $854,200 ZHVI
  • 3.8% 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
    (Jan 31, 2016)
  • $725,000 Median listing price
  • $713,100 Median sale price
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Santa Clara County Market Health

Data through Jan 31, 2015
  • 9.3/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • 50 Average days on Zillow (Dec 31, 2014)
  • 4.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes Santa Clara County
1 home San Jose Metro
4 homes United States
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Cities in Santa Clara County

Name Median ZHVI
Los Gatos $1,530,900
Cambrian Park $1,013,600
San Martin $877,900
Name Median ZHVI
Morgan Hill $751,000
San Jose $743,900
East Foothills $735,000
Name Median ZHVI
Burbank $634,300
Gilroy $609,000
Alum Rock $512,200

Listings & Sales

Data through Jan 31, 2015
  • $451 Median list price / sq ft
  • $473 Median sale price / sq ft
  • No data Listings with price cut
10.9%
Sold below listing
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Santa Clara County Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $3,218 Santa Clara County
    $3,190 San Jose Metro
    $1,350 United States

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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,755 Rent list price
  • $2.74 Rent list price / sq ft
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