Los Gatos Real Estate Market Overview
Average Monthly Rent:
$3,074
Percentage Change in Home Price/Value:
-6.10%
Median Home Value:
$1,824,128
Best Time To Sell Home:
April
Affordability Index:
146
Days To Sell House:
59.00
Job Market:
Fair
Public School Ranking:
38
Location and Weather
Los Gatos is at the base of the Sierra Azules and is 60 miles south of San Francisco. Los Gatos has a wide variety of terrain, ranging from level land to steep and densely wooded hillsides. Both the valley and hillsides have creeks and streams making it an ideal place for hiking and other outdoor recreation activities. As one of Santa Clara’s oldest communities, Los Gatos has older, established residential areas and a downtown with many beautiful historic buildings.
In Los Gatos the summers are long and dry, and the winters are cold and partly cloudy. The summer high temperatures are in the 70’s with low’s in the high 50’s. The winter high temperatures are below 60 degrees with lows in the mid-40’s.
Population, Job Market and Cost of Living
The Los Gatos population in 2019 was 30,680 with a growth rate of -.79%. The job growth has increased by 2.53% over last year. Ten-year future predicted job growth is 38.11%. Los Gatos is a part of Silicon Valley so there are many tech jobs. The largest employers are Professional, Scientific & Social Services, Manufacturing and Health Care & Social Assistance. The largest employers are Netflix, Center for Diagnostic Imaging and Infogain. The cost of living is high due to the Los Gatos real estate market and high cost of housing.
With a mild climate, many parks for outdoor recreational activities, a growing job market in Silicon Valley, and location near the cities of San Francisco and San Jose, Los Gatos will continue to grow as a great city to live and work.
