Santa Clara Real Estate Market Overview
Average Monthly Rent:
$2,970
Percentage Change in Home Price/Value:
-13.50%
Median Home Value:
$1,233,600
Best Time To Sell Home:
August
Affordability Index:
51.1
Days To Sell House:
40.83
Job Market:
Fair
Public School Ranking:
38
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 2018 was 124,365 with a growth rate of 1.56%. The job growth has increased by 2.53% over last year and in ten years, is predicted to be 33.52%. The largest employers are Professional, Scientific, & Technical Services, Manufacturing, Health Care and Social Assistance. 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.
