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Santa Clara County, CA

RANK #524 / 996  ·  POP 1,916,831  ·  CA

PROJECTED GROWTH: +0.6%

Santa Clara County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Santa Clara County?

Often called the "Valley of Heart's Delight" for its past as a major fruit-producing region, Santa Clara County sits at the southern end of San Francisco Bay. San Jose, the county seat, is California's third-largest city. Commute options include major freeways like US-101 and I-280, along with Caltrain and Valley Transportation Authority (VTA) light rail and buses. The county boasts a Mediterranean climate with warm, dry summers and mild winters, contributing to its appeal for outdoor activities. Residents can access 28 regional parks, offering opportunities for hiking, biking, camping, and fishing. Notable natural areas include Castle Rock State Park with its panoramic views and Alviso Marina County Park for birdwatching.

Santa Clara County offers a diverse community with over 100 languages spoken. The public school system includes 31 districts, with many schools recognized for their quality. The economy is driven by its position as a global hub for technology and innovation, home to numerous high-tech companies. This economic activity fuels ongoing investment in commercial and residential development, as well as infrastructure related to data centers and energy. The county government is also a significant employer.

[02] Market Snapshot

Housing Ratio
6.3x

Above national median (4.7x)

GDP Growth
+6.1%

Well above national median

Home Prices
-1.6%

Prices declining

Climate & Terrain
6.0

Favorable climate & terrain

Price/Rent
32x

Speculative pricing

Housing is fairly valued at 6.3x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Santa Clara County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,916,831
-0.79% YoY
Median Household Income
$153,792
Median Home Value
$1,316,800
-1.6% 12mo
Median Rent
$2,719
Average Annual Pay
$197,043
+12.8% YoY
Employment
1,116,581
-0.3% YoY
Income-to-Home-Value
0.1168
Less affordable than average
Migration Inflow
2.44%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$1,600,000
Days on Market
12
Very hot — homes selling fast
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
104.3%
Homes selling above asking
Sold Above List
61.7%
Listings w/ Price Drops
20.0%
Building Permits (2024)
3,834
Single-Family Permits
1,926

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$13,812M
TOTAL
PROJECT AMOUNT STATUS
Santa Clara Valley Water District Capital Improvement Program
Santa Clara Valley Water District
$10,390M Planned
Tasman East Specific Plan
Multiple Developers (e.g., Ensemble Investments, Related California, Summerhill Apartment Communities)
$2,000M Under Construction
Vantage Data Centers Santa Clara I Campus Expansion
Vantage Data Centers
$770M Operating
CoreSite SV9 Data Center
CoreSite
$500M Completed
Tokay Storage Battery Energy Storage System
Undisclosed
$102M Planned
Kifer Energy Storage LLC (50 MW BESS)
Ameresco Inc.
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +6.1% 91 percentile
Population Growth -0.8% 5 percentile
Income Growth +9.7% 75 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change -1.6% 17 percentile
Rent Growth +5.0% 80 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Santa Clara County, CA a good place to move to?

Santa Clara County has a Boom Town Index score of 47/100, ranking #524 among 996 U.S. counties. With job growth at -0.3% and a median household income of $153,792, it faces some economic headwinds compared to faster-growing counties.

Is Santa Clara County affordable?

The median home value in Santa Clara County is $1,316,800 with median rent at $2,719/month. The income-to-home-value ratio is 0.1168, which is less affordable than the national average.

Is Santa Clara County growing or shrinking?

Population growth: -0.8% year-over-year. Job growth: -0.3%. Home values changed -1.6% in the past 12 months.

Are people moving to Santa Clara County?

Yes — 2.44% of Santa Clara County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Lee County, NC 57 Raleigh County, WV 57 St. Croix County, WI 57 Penobscot County, ME 57 Tulsa County, OK 57 Muscogee County, GA 57 Potter County, TX 57 Somerset County, PA 57