Zip 95037 (Morgan Hill, CA) Housing

The housing market in Morgan Hill, CA (95037) is very strong, with a median value of $1,203,000. This is significantly higher than the US median house value of $338,100, indicating that Morgan Hill is a desirable area to live. Furthermore, the 1 year house appreciation rate for Morgan Hill is 7.64%, which is slightly lower than the national average of 8.27%. These figures reflect that although Morgan Hill houses may cost more initially than other areas, they will continue to increase in value over time and make for an excellent investment opportunity.

The median home cost in Morgan Hill (zip 95037) is $1,203,000. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Morgan Hill (zip 95037) is up 11.9%.

Average Age of Homes

- The median age of Morgan Hill (zip 95037) real estate is 32 years old

The Rental Market in Morgan Hill (zip 95037)

- Renters make up 27.4% of the Morgan Hill (zip 95037) population
- 1.1% of houses and apartments in Morgan Hill (zip 95037), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morgan Hill, California	United States
	17,473.0	139,647,020.0
	36	42
	$1,203,000	$338,100
	11.9%	16.6%
	34.8%	57.0%
	105.8%	101.1%
	$8.55	$10.98
	$8,163	$2,690
	70.6%	57.4%
	3.3%	11.2%
	26.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.1%	0.4%
	0.2%	0.7%
	0.3%	0.4%
	0.3%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.3%	2.4%
	0.4%	2.8%
	0.3%	3.9%
	0.5%	4.5%
	1.4%	11.3%
	0.7%	13.0%
	1.5%	20.1%
	2.0%	13.6%
	2.3%	8.3%
	13.0%	9.7%
	32.3%	3.9%
	33.6%	2.2%
	6.4%	0.8%
	4.1%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.3%	13.6%
	13.3%	13.6%
	14.6%	13.6%
	17.4%	13.2%
	27.3%	14.8%
	14.6%	13.6%
	3.6%	10.0%
	1.8%	4.7%
	3.0%	12.2%

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