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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cupertino, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cupertino, CA Housing Market Trends

With 57,856 people, 20,744 houses or apartments, and a median cost of homes of $2,401,803, Cupertino house prices are not only among the most expensive in California, Cupertino real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Cupertino, accounting for 56.11% of the city's housing units. Other types of housing that are prevalent in Cupertino include large apartment complexes or high rise apartments ( 21.23%), row houses and other attached homes ( 14.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.33%).

The most prevalent building size and type in Cupertino are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.12% owning and 39.88% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cupertino's housing was primarily built during this period, from the '40s through the '60s. A full 44.01% of the city's housing hails from this era. Other housing ages represented in Cupertino include homes built between 1970-1999 ( 42.89%) and housing constructed between 2000 and later ( 11.81%). There's also some housing in Cupertino built before 1939 ( 1.29%).

Cupertino Home Appreciation Rates

Homes have actually lost value in Cupertino over the last then years, as home values have seen a decline of 15.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cupertino home appreciation rates at 0.87%, which equates to an annual appreciation rate of 3.54%.

Over the last year, Cupertino appreciation rates have trailed the rest of the nation. In the last twelve months, Cupertino's appreciation rate has been 4.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cupertino were at 0.87%, which equates to an annual appreciation rate of 3.54%.

Relative to California, our data show that Cupertino's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cupertino differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cupertino - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cupertino real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$2,401,803

Cupertino, CA Home Prices
> $929,000
$696,001 - $929,000
$464,001 - $696,000
$372,001 - $464,000
$278,001 - $372,000
$186,001 - $278,000
$93,001 - $186,000
$46,001 - $93,000
$0 - $46,000
94.5%
94.5%
1.5%
1.5%
1.4%
1.4%
0.3%
0.3%
0.2%
0.2%
0.4%
0.4%
0.4%
0.4%
0.0%
0.0%
1.3%
1.3%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

20,744

Cupertino Appreciation Rates

Rent & Ownership

Average Market Rent:

$5,443 / per month

Homeownership Rate

Owners
Renters
60.1%
60.1%
39.9%
39.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.4%
5.4%
94.6%
94.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.8%
11.8%
42.9%
42.9%
44.0%
44.0%
1.3%
1.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.1%
56.1%
14.2%
14.2%
8.3%
8.3%
21.2%
21.2%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.8%
3.8%
9.7%
9.7%
24.7%
24.7%
26.1%
26.1%
29.0%
29.0%
6.8%
6.8%
0% 100.0%
% of Homes