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Los Gatos real estate market overview
- Average Monthly Rent: $3,223
- Home Price/Value Percentage Change: -3.50%
- Median Home Value: $2,487,266
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 34
- Job Market: Fair
- Public School Ranking: 40
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 2023 is 34,765 with a growth rate of 1.2% annually.
The job growth has decreased by -7.07% 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 biggest employers are Netflix, Lupin Limited, Infogain, Roku and ConnectAndSell.
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.
Los Gatos real estate market details
- Almaden
- Rinconada
- Vasona
- Cambrian Park
- Glen Una
The average monthly rent in Los Gatos is $3,223 for an average apartment size of 907 sq. feet.
There has been an -3.5% decrease in median home value over the last year. As of 2023, the median home value is $2,487,266.
On average, homes in Los Gatos sell after 34 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in April.
The affordability index in Los Gatos is 331. This number indicates low affordability in this city.
The top ranked public schools are Blossom Hill Elementary School, Los Gatos High School, Daves Avenue High School, Louise Van Meter Elementary School and Raymond J. fischer Middle School. This information is based on data measuring academic performance and equity.