The housing market in the Santa Cruz-Watsonville, CA Metro Area is quite strong. The median value of homes in this area is significantly higher than the national median at $1,058,000 compared to $338,100 for the nation as a whole. While both areas have seen appreciation over the past year, that appreciation rate has been much lower in the Santa Cruz-Watsonville metro area at 5.62% compared to 8.27% nationally. This could indicate that there are other factors driving up home values in this area such as job growth or a larger influx of new residents to outpace the rate of home construction.
The median home cost in Santa Cruz-Watsonville Metro Area is $1,058,000. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Santa Cruz-Watsonville Metro Area is up 11.9%.
Average Age of Homes
- The median age of Santa Cruz-Watsonville Metro Area real estate is 45 years old
The Rental Market in Santa Cruz-Watsonville Metro Area
- Renters make up 37.6% of the Santa Cruz-Watsonville Metro Area population
- 1.0% of houses and apartments in Santa Cruz-Watsonville 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.