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Morgan Hill real estate market overview

  • Average Monthly Rent: $2,468
  • Home Price/Value Percentage Change: -2.20%
  • Median Home Value: $931,352
  • Best Time To Sell a Home: July
  • Affordability Index: 131
  • Days To Sell a House: 49
  • Job Market: Fair
  • Public School Ranking: 38

Location and weather

Morgan Hill is in southern Santa Clara Valley, 12 miles south of San Jose and 15 miles inland from the Pacific Coast. It is surrounded by the Santa Cruz mountains to the west, and the Diablo mountains to the east. Morgan Hill is in a valley and has many parks and green spaces for exceptional outdoor recreation activities including cycling, hiking routes and golf courses. It has a charming, small town atmosphere with boutique retail shops and farm-to-table restaurants.

In Morgan Hill the summers are warm and long, and the winters are cold and wet. The high summer temperatures are in the mid-80's with lows in the mid-50's. The winter temperature highs are in the low 60's with lows in the high 30's.

Sell my house fast in Morgan Hill, California
Image by Cristiano Tomás,, CC BY-SA 4.0

Population, job market and cost of living

Morgan Hill's population in 2019 was 45,135 with a growth rate of .5%.

Located at the southern end of Silicon Valley, the job growth has increased by 2.53% over last year. Ten-year future predicted job growth is 45.06%. The largest industries are Manufacturing, Retail Trade, Professional, Scientific & Technical Services. The largest employers are Anritsu, Specialized Bicycle Components and the Morgan Hill Unified School District. South Silicon Valley is providing much of the workforce housing for Silicon Valley. Morgan Hill has had a steady 2% growth and the adjacent communities are also leading in housing construction.

The cost of living is high due to the Morgan Hill real estate community and high cost of housing. However, the average rent is 51% less than other cities in Silicon Valley. With its scenic location, mild climate, Silicon Valley job opportunities and job growth, increased housing construction and many outdoor recreational opportunities, Morgan Hill will continue to attract young tech professional and their families.

Morgan Hill real estate market details

Hottest neighborhoods

  • San Felipe/Ashrama
  • Madrone
  • Jean Ct/Hill Rd

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