Cupertino, California Housing Market Prices
Cupertino Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 68% above the California median$1,093,873
-
Median rent 75% above the California median$3,561
Housing Market Overview
| Metric | Cupertino | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,093,873 | $650,794 | $248,835 |
| Price Trend (Annual %) | 18.4% | 8.9% | 7.5% |
| Median Gross Rent | $3,561 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cupertino is about 68% higher than in California. Rent is about 75% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cupertino, up about 18.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Cupertino rose about 51.5% between 2015 and 2024, from $2,350 to $3,561. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Cupertino.
Buying the median-priced home in Cupertino costs roughly 25.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cupertino. The price-to-rent ratio in California is about 26.6.
| Metric | Cupertino | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,093,873 | $650,794 | $248,835 |
| Median Household Income | $205,362 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cupertino rose about 1.5%, while median household income rose about 119.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cupertino | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 51.7% | 58.5% |
| Rental Rate | 39.6% | 40.8% | 31.2% |
| Vacancy Rate | 5.0% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Cupertino has a homeownership rate of 55.4%, higher than the California average of 51.7%. Its housing vacancy rate is 5.0%, compared with 7.5% in California.
Housing Stock
| Metric | Cupertino | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Cupertino was built around 1974. On average, 2.8 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Cupertino, CA Housing Compared With Nearby Cities
Cupertino, CA is typical in size for this group, 56,040 residents against a local median of 56,201, so the measures below are close to a like for like comparison. The measure that sets Cupertino, CA apart most is median home price: $1,093,873, 44% below the local median of $1,944,326.
The cities themselves spread $1,836,877 on median home price, so Cupertino, CA sits at one end of an already wide local range rather than apart from it. Cupertino, CA has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cupertino, CA | 56,040 | $1,093,873 #4/5 | $3,561 #3/5 | 58.3% #3/5 |
| Saratoga, CA | 28,506 | $2,067,241 | $3,579 | 86.5% |
| Sunnyvale, CA | 155,720 | $248,284 | $3,045 | 43.2% |
| Los Altos, CA | 30,560 | $1,821,410 | $3,645 | 81.7% |
| Mountain View, CA | 81,842 | $2,085,161 | $3,067 | 39.0% |
Frequently Asked Questions
Common questions about the housing market in Cupertino, California.
What is the median home price in Cupertino, California?
The median home price in Cupertino, California is $1,093,873, higher than the California average of $650,794.
What is the average home price in Cupertino, California?
The typical home price in Cupertino, California, reported as the median sale price, is $1,093,873. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cupertino, California?
The median gross rent in Cupertino, California is $3,561 per month, higher than the California average of $2,036.
What was the median gross rent in Cupertino in 2020?
In 2020, the median gross rent in Cupertino, California was $3,181 per month.
What is the price-to-rent ratio in Cupertino, California?
The price-to-rent ratio in Cupertino, California is about 25.6, meaning it would take roughly 25.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cupertino.
Are home prices or rent rising faster in Cupertino, California?
Both home prices and rent are rising in Cupertino, up about 18.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cupertino, California?
55.4% of households in Cupertino, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Cupertino, California?
The housing vacancy rate in Cupertino, California is 5.0%, lower than the California average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →