Home Values

Santa Cruz Metro 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

$661,300

  • 8.2% 1-year change
  • 3.0% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot
Buyers' Market
Sellers' Market

The median home value in Santa Cruz Metro is $661,300. Santa Cruz Metro home values have gone up 8.2% over the past year and Zillow predicts they will rise 3.0% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Santa Cruz Metro 1.2 homes are foreclosed (per 10,000). This is lower than the California value of 2.4 and also lower 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 Santa Cruz Metro is 3.9%, which is lower 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 Santa Cruz Metro homeowners underwater on their mortgage is 6.4%, which is lower than California at 11.0%.

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Relative ZHVI
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Santa Cruz Metro Market Overview

Data through May 31, 2015
  • $661,300 ZHVI
  • 3.0% 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
  • $631,150 Median sale price
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Santa Cruz Metro Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No recent data Average days on Zillow
  • 6.4% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.9% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1 Santa Cruz Metro
2 California
4 United States
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Cities in Santa Cruz Metro

Name Median ZHVI
Aptos $697,700
Santa Cruz $688,300
Scotts Valley $669,300
Name Median ZHVI
Capitola $649,500
Soquel $641,900
Ben Lomond $468,300
Name Median ZHVI
Felton $433,100
Boulder Creek $384,800
Freedom $338,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $438 Median sale price / sq ft
  • No data Listings with price cut
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Santa Cruz Metro Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,768 Santa Cruz Metro
    $2,244 California
    $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

  • 2.7 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
  • $2.08 Rent list price / sq ft
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