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Saratoga real estate market overview
- Average Monthly Rent: $1,995
- Home Price/Value Percentage Change: -4.00%
- Median Home Value: $3,513,552
- Best Time To Sell a Home: September
- Affordability Index: Low
- Days To Sell a House: 29
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Situated in the foothills of the Santa Cruz mountains, Saratoga is a residential community with a small-town feel. Just 50 miles south of San Francisco, Saratoga is known for great schools, and a quaint downtown with upscale restaurants and boutiques. In Saratoga outdoor recreation is a way of life. Saratoga is home to several wineries, the Montalvo Arts Center, Hakone Gardens, the Sanborn Park and Skyline to Sea trail.
In Saratoga the summers are long, mild and dry and the winters are short, cold and wet. The summer high temperatures are in the mid-70's with low temperatures in the high 50's. The winter high temperatures are in the high 50's with low temperatures in the 40's.
Population, job market and cost of living
Saratoga's population in 2023 is 31,387 with a growth rate of 0.36%.
The job growth has decreased by -7.07% over last year. Ten-year future predicted job growth is 37.83%. The major industries are Manufacturing, Professional, Scientific & Technical and Health Care and Social Assistance. The largest employers are Matrixx Software, Saratoga High School, Mojo Vision, Software Developers and Our Lady of Fatima Villa.
The cost of living is high due to the Saratoga real estate market and high cost of housing in such a desirable location. With its many attractions including wineries and parks, quaint and up-scale downtown, good job growth, mild climate and central location south of San Francisco, Saratoga, will continue to grow and attract those that seek a relaxed lifestyle in this residential city.
Saratoga real estate market details
- Congress Springs
- Glen Una
- Quito
- Fruitvale West
- Triangle south
The average monthly rent in Saratoga is $1,995 for an average apartment size of 850 sq. feet.
There has been a -4.0% decrease in median home value over the last year. As of 2023, the median home value is $3,513,552.
On average, homes in Saratoga sell after 29 days on the market.
The best time to sell a home for the highest valued sale is during September. For the quickest sale, homeowners should sell in March.
The affordability index in Saratoga is 429. This number indicates low affordability in this city.
The top ranked public schools are Saratoga High School, Argonaut Elementary School, Blue Hills Elementary School, Saratoga Elementary School and Redwood Middle School. This information is based on data measuring academic performance and equity.