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Santa Clara real estate market overview
- Average Monthly Rent: $3,093
- Home Price/Value Percentage Change: -4.90%
- Median Home Value: $1,497,796
- Best Time To Sell a Home: April
- Affordability Index: Low
- Days To Sell a House: 33
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Santa Clara is in west-central California, and is situated next to the Guadalupe River in Santa Clara Valley. It's about 48 miles southeast of San Francisco, next to San Jose. Santa Clara is at the heart of Silicon Valley and is home to the company that powers the entire computer industry; Intel Corporation.
The summers in Santa Clara are clear and mild, with high temperatures in the mid 70's and lows in the 60's. The winters are short, with high temperatures in the 60's and lows in the 40's.
Population, job market and cost of living
Santa Clara's population in 2023 is 131,001 with a growth rate of 0.86%.
The job growth has decreased by -7.07% over last year and in ten years, is predicted to be 39.22%. The largest employers are Intel, NEC Electronics, Fujikura Automotive America, StorSimple and Applied Materials. The highest paying industries include Information, Management of Companies & Enterprises, as well as Professional, Scientific, & Technical Services.
The cost of living is high, due to the demand for Santa Clara real estate and the high incomes of Silicon Valley employees. With its location, beautiful river setting, mild weather, and guaranteed job growth, Santa Clara will continue to attract innovators and others that want the Silicon Valley work and lifestyle.
Santa Clara real estate market details
- East Murphy
- Ponderosa
- South 101
- North 101
- Santa Clara North Central
The average monthly rent in Santa Clara is $3,093 for an average apartment size of 891 sq. feet.
There has been a -4.9% decrease in median home value over the last year. As of 2023, the median home value is $1,497,796.
On average, homes in Santa Clara sell after 33 days on the market.
The best time to sell a home for the highest valued sale is during April. For the quickest sale, homeowners should sell in April.
The affordability index in Santa Clara is 235. This number indicates low affordability in this city.
The top ranked public schools are William Faria Elementary School, Cupertino High School, Lynbrook High School, Saratoga High School and Homestead High School. This information is based on data measuring academic performance and equity.