Home Prices and Rents – Santa Clara 95051

Home Prices and Rents – Santa Clara 95051


Zillow Home Value Index

$1,131,100

The median home value in 95051 is $1,131,100. 95051 home values have gone up 3.9% over the past year and Zillow predicts they will fall -1.6% within the next year. The median list price per square foot in 95051 is $717, which is higher than the Santa Clara average of $684. The median price of homes currently listed in 95051 is $1,100,000. The median rent price in 95051 is $3,225, which is lower than the Santa Clara median of $3,395.

Foreclosures will be a factor impacting home values in the next several years. In 95051 0.4 homes are foreclosed (per 10,000). This is greater than the Santa Clara value of 0.2 and also lower than the national value of 1.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 95051 is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 95051 homeowners underwater on their mortgage is 0.0%, which is lower than Santa Clara at 0.0%.

Market Overview

Data through May 31, 2017
  • $1,131,100 ZHVI
  • -1.6% 1-yr forecast (May 31, 2018)
  • $1,100,000 Median listing price
  • No data Median sale price

Market Health

Data through May 31, 2017
  • 9.4/10 Very healthy
  • No data Average days on Zillow
  • 0.0% Homes with negative equity (0.1% US Avg) (Mar 31, 2017)
  • 0.0% Delinquent on mortgage (0.0% US Avg) (Mar 31, 2017)

 

Listings & Sales

Data through May 31, 2017
  • $717 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 1.0% Listings with price cut

 

Rentals

Data through May 31, 2017

Zillow Rent Index

  • $3,521 95051
    $3,479 Santa Clara
    $1,426 United States
  • 4.9 Breakeven horizon (Sep 30, 2016)
  • $3,225 Rent list price
  • $2.69 Rent list price / sq ft