Sunnyvale, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Sunnyvale, CA Housing Market Trends

With 152,703 people, 56,103 houses or apartments, and a median cost of homes of $1,247,630, Sunnyvale house prices are not only among the most expensive in California, Sunnyvale 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 Sunnyvale, accounting for 38.56% of the city's housing units. Other types of housing that are prevalent in Sunnyvale include large apartment complexes or high rise apartments ( 36.04%), row houses and other attached homes ( 10.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.21%).

People in Sunnyvale primarily live in small (one, two or no bedroom) single-family detached homes. Sunnyvale has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sunnyvale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sunnyvale built between 1940-1969 ( 41.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.43%). There's also some housing in Sunnyvale built before 1939 ( 1.77%).

Sunnyvale Home Appreciation Rates

In the last 10 years, Sunnyvale has experienced some of the highest home appreciation rates of any community in the nation. Sunnyvale real estate appreciated 71.31% over the last ten years, which is an average annual home appreciation rate of 5.53%, putting Sunnyvale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sunnyvale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Sunnyvale appreciation rates have trailed the rest of the nation. In the last twelve months, Sunnyvale's appreciation rate has been -1.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sunnyvale were at 0.15%, which equates to an annual appreciation rate of 0.58%.

Notably, Sunnyvale's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Sunnyvale's latest annual appreciation rate is lower 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 Sunnyvale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sunnyvale - 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 Sunnyvale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,247,630

Sunnyvale, CA HOME PRICES

> $998,000
65.5%
65.5%
$748,001 - $998,000
15.5%
15.5%
$499,001 - $748,000
8.1%
8.1%
$399,001 - $499,000
0.8%
0.8%
$300,001 - $399,000
1.4%
1.4%
$200,001 - $300,000
2.3%
2.3%
$100,001 - $200,000
3.5%
3.5%
$50,001 - $100,000
1.1%
1.1%
$0 - $50,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
56,103

Sunnyvale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
107.53% 3.54%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,921 / per month

Homeownership Rate

Owners
45.1%
45.1%
Renters
54.9%
54.9%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.4%
12.4%
1970 - 1999
44.4%
44.4%
1940 - 1969
41.4%
41.4%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.6%
38.6%
Townhomes
10.4%
10.4%
Small Apt. Buildings
9.2%
9.2%
Apt. Complexes
36.0%
36.0%
Mobile Homes
5.8%
5.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.7%
5.7%
1 Bedroom
18.0%
18.0%
2 Bedrooms
28.8%
28.8%
3 Bedrooms
30.2%
30.2%
4 Bedrooms
14.2%
14.2%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES