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

$825,700

  • 9.5% 1-year change
  • 4.8% 1-year forecast

The median home value in Santa Clara County is $825,700. Santa Clara County home values have gone up 9.5% over the past year and Zillow predicts they will rise 4.8% within the next year. The median list price per square foot in Santa Clara County is $458, which is higher than the San Jose Metro average of $456. The median price of homes currently listed in Santa Clara County is $744,950 while the median price of homes that sold is $746,050. The median rent price in Santa Clara County is $2,750, which is the same as 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 0.7 homes are foreclosed (per 10,000). This is the same as the San Jose Metro value of 0.7 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 4.9%, which is lower than the national value of 6.9%. 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 4.3%, which is lower than San Jose Metro at 4.6%.

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Relative ZHVI
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Santa Clara County Market Overview

Data through Sep 30, 2014
  • $825,700 ZHVI
  • 4.8% 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
    (Sep 30, 2015)
  • $744,950 Median listing price
  • $746,050 Median sale price
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Santa Clara County Market Health

Data through Sep 30, 2014
  • 9.0/10 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.
  • 42 Average days on Zillow (Aug 31, 2014)
  • 4.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes Santa Clara County
0.7 homes San Jose Metro
4 homes United States
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Cities in Santa Clara County

Name Median ZHVI
Los Gatos $1,459,700
Cambrian Park $973,000
San Martin $852,500
Name Median ZHVI
Morgan Hill $734,600
San Jose $724,500
East Foothills $712,300
Name Median ZHVI
Burbank $619,600
Gilroy $592,100
Alum Rock $502,600

Listings & Sales

Data through Sep 30, 2014
  • $458 Median list price / sq ft
  • $481 Median sale price / sq ft
  • 23.9% Listings with price cut
9.0%
Sold below listing
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Santa Clara County Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $3,166 Santa Clara County
    $3,137 San Jose Metro
    $1,335 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)
  • $2,750 Rent list price
  • $2.62 Rent list price / sq ft
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