Santa Cruz, CA County has seen an increasing demand for housing over the last few years. The median value of a house in Santa Cruz is $1,058,000 which is significantly higher than the US average of $338,100. The US has seen an appreciation rate of 8.27% over the past year while Santa Cruz has seen a more moderate growth of 5.62%. This suggests that although prices are high in Santa Cruz, they have been stabilizing and not increasing at a rapid rate which is beneficial for buyers investing in the area.
The median home cost in Santa Cruz County is $1,058,000. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Santa Cruz County is up 11.9%.
Average Age of Homes
- The median age of Santa Cruz County real estate is 45 years old
The Rental Market in Santa Cruz County
- Renters make up 37.6% of the Santa Cruz County population
- 1.0% of houses and apartments in Santa Cruz County, 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.