The housing market in Santa Ana, CA is quite expensive compared to the national average, with a median value of $698,500. This is more than double the median value of the US house at $338,100. The appreciation rate for housing in the US is 8.27%, but Santa Ana has seen an even higher appreciation rate of 13.91%. This indicates that there is potential for housing prices to increase significantly in the city. As such, investing in real estate in Santa Ana could be a wise move for those with a financial cushion to make such investments.
The median home cost in Santa Ana is $698,500. Home appreciation the last 10 years has been 102.9%. Home Appreciation in Santa Ana is up 11.6%.
Average Age of Homes
- The median age of Santa Ana real estate is 49 years old
The Rental Market in Santa Ana
- Renters make up 52.7% of the Santa Ana population
- 1.3% of houses and apartments in Santa Ana, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.