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Cupertino real estate market overview
- Average Monthly Rent: $3,562
- Home Price/Value Percentage Change: -2.10%
- Median Home Value: $2,793,154
- Best Time To Sell a Home: July
- Affordability Index: Low
- Days To Sell a House: 42
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Cupertino is the center city in California. It is bordered to the west by the Santa Cruz Mountains. It is 43 miles south of San Francisco. Known for its beautiful mountains and forests filled with wildlife, Cupertino is known for its outdoor recreation and beautiful scenery. Permanente Creek, Steven Creek and Smith Creek are the mountain streams which run through Cupertino.
In Cupertino the summers are long, warm and dry and the winters are cold and wet. The high summer temperatures are in the mid-70's and the lows are in the high 50's. The high winter temperatures are in the 50's with lows in the 40's.
Population, job market and cost of living
Cupertino's population in 2023 is 61,005 with a growth rate of 0.34%.
The job growth has decreased by -7.07% over last year. Ten-year future predicted job growth is 39.77%. As the headquarters of Apple, Cupertino has a young, progressive, tech climate. The largest industries are Professional, Scientific & Technical, Manufacturing and Healthcare & Social Assistance. The largest employers are Apple, Seagate Technology and Elico Healthcare Services, Wibmo and XtremIO.
The cost of living is high due to the Cupertino real estate and high prices of available housing. With its many parks like trail-lined Rancho San Antonio Open Space Preserve, Fremont Older Open Space Preserve and the historic The McClellan Ranch Preserve along with a good job growth, major tech employers, beautiful scenic views and mild weather, Cupertino will continue to attract those that want to live in this historic and progressive city.
Cupertino real estate market details
- Southside
- Eastside
- Westside
- Seven Springs
- Oak Valley
The average monthly rent in Cupertino is $3,562 for an average apartment size of 965 sq. feet.
There has been a -2.1% decrease in median home value over the last year. As of 2023, the median home value is $2,793,154.
On average, homes in Cupertino sell after 42 days on the market.
For the highest valued sale, homeowners in Cupertino should aim to sell in July. For the quickest sale, homeowners should aim to sell in March.
The affordability index in Cupertino is 352. This number indicates low affordability in this city.
The top ranked public schools are William Faria Elementary School, Cupertino High School, Homestead High School, Monta Vista High School and William Regnart Elementary School. This information is dependent on data measuring academic performance and equity.