Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$1,562,682+0.3% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$338,757About 2.0× the local median income ($166,984): hard to afford
Days on market36 daysAbout the same pace as a year ago
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Santa Clara County, CA is worth $1,562,682, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $1,435,239, so the area is 8.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 36 days to sell, listings are up 26% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $338,757 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $166,984. Typical rent is $3,817 a month, or $4,791 for a house. In the latest IRS figures, 22,360 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$1,562,682
Change in 1 year
+0.3%
Overvalued %
+8.9%
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Fair home value
$1,435,239
Change in 5 years
+16.8%
Zillow forecast, next 12 months
+1.9%
Home value to income
9.4×
Monthly mortgage payment (20% down)
$8,469
Income needed to afford it
$338,757
Property tax rate
0.67%
Rent and investing
Typical rent
$3,817
Typical rent for houses
$4,791
Price-to-rent ratio
34.1×
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HUD Fair Market Rent, 2 bedrooms
$3,272
Gross rental yield
2.93%
Cap rate (estimate)
1.91%
Market activity
Listings vs a year ago
+25.7%
Days on market
36
Listings with a price cut
16.9%
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Homes for sale
1,970
Pending sales per 100 listings
40
Asking price per sq ft
$849
People and jobs
Median household income
$166,984
Population change (1 year)
+0.3%
Unemployment rate
4.9%
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Population
1,914,391
Income adjusted for cost of living
$151,254
Net moves in (IRS)
−22,360
Cost of living (US = 100)
110.4
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
99.7
Unhealthy air days a year
1
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Flood risk score
99.8
Wildfire risk score
97.4
Walkability (1 to 20)
13.7
Road, rail and air noise
55 dB
Questions people ask
Is Santa Clara County, CA overvalued?
Home prices in Santa Clara County, CA are slightly above what local incomes have historically supported: fair value is about $1,435,239, so the area is 8.9% overvalued.
Is Santa Clara County, CA a buyer's or seller's market?
Santa Clara County, CA is a balanced market, leaning toward buyers: homes take about 36 days to sell, listings are up 26% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Santa Clara County, CA?
Home values in Santa Clara County, CA are up 0.3% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Santa Clara County, CA?
A household needs about $338,757 a year to afford the typical home in Santa Clara County, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $166,984.