Santa Clara County First-Time Homebuyer Report for June

Santa Clara County has an older population than other areas in California with a median age of 36 years. It also ranks as the sixth- most affluent with a median income of $84,693 per household. San Jose, Sunnyvale, and Santa Clara are the three largest cities in terms of population. The Santa Clara County market is primarily made up of detached houses, which currently account for 75% of the homes for sale in the area. Leading the list of top schools in the county are Garden Gate Elementary School, Cupertino Middle School, and Leland High School.

Price Range

Santa Clara County has some of the more expensive homes in the state with a median home value of $557,800 and a current average list price of $890,473. Los Altos Hills, Loyola, and Monte Sereno are the costliest places in the county. While home sales in the Santa Clara County market have been above average, in this week's report there were 1,521 homes sold over the last 30 days.

Typical Dwelling

The typical dwelling in Santa Clara County is a three-bedroom detached home worth about $1,121,771. To purchase a similar home, a buyer with good credit and a $224,354 cash down payment could obtain a mortgage with a 3.95% interest rate and a $4,237 monthly payment. The property tax rate is $5.62 per $1,000 of taxable assessed value.

Get started right now by checking out Santa Clara County homes for sale or reviewing Santa Clara County real estate trends.

Data reported through 6/15/2017


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