Housing in the San Jose-Sunnyvale-Santa Clara, CA Metro Area is extremely expensive, with a median home value of $1.4 million. This is significantly higher than the US median home value of $338,100. Although housing prices are high in this area, appreciation has been strong over the past year at 9.88%, higher than the national average of 8.27%. As such, this metro area remains an attractive market for investors and those looking to buy a home in one of California's most desirable locations.
The median home cost in San Jose-Sunnyvale-Santa Clara Metro Area is $1,426,600. Home appreciation the last 10 years has been 109.1%. Home Appreciation in San Jose-Sunnyvale-Santa Clara Metro Area is up 14.4%.
Average Age of Homes
- The median age of San Jose-Sunnyvale-Santa Clara Metro Area real estate is 43 years old
The Rental Market in San Jose-Sunnyvale-Santa Clara Metro Area
- Renters make up 41.2% of the San Jose-Sunnyvale-Santa Clara Metro Area population
- 2.1% of houses and apartments in San Jose-Sunnyvale-Santa Clara Metro Area, 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.