Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Santa Clara area can be challenging. Home prices in Santa Clara are now at a median cost of $237,059, lower than the New York average of $481,023.
The average cost of rent is $886/mo in Santa Clara, primarily driven by the current value of real estate in the Santa Clara area. While nearly 67.60% of residents own their homes outright in Santa Clara, 22.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Santa Clara is $5,897 per month. Households that rent pay about 15.03% of their income on rent here. Santa Clara's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
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