Los Gatos, California Housing Market Prices
Los Gatos 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.
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Median home price 231% above the California median$2,156,387
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Median rent 65% above the California median$3,354
Housing Market Overview
| Metric | Los Gatos | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,156,387 | $650,794 | $248,835 |
| Price Trend (Annual %) | 4.7% | 8.9% | 7.5% |
| Median Gross Rent | $3,354 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 7.0% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Los Gatos is about 231% higher than in California. Rent is about 65% 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 Los Gatos, up about 4.7% and 7.0% a year respectively. Rent is changing faster.
Median rent in Los Gatos rose about 80.5% between 2015 and 2024, from $1,858 to $3,354. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 10.6 yearly household incomes in Los Gatos.
Buying the median-priced home in Los Gatos costs roughly 53.6 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 Los Gatos. The price-to-rent ratio in California is about 26.6.
| Metric | Los Gatos | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,156,387 | $650,794 | $248,835 |
| Median Household Income | $202,791 | $99,161 | $80,455 |
| Price-to-Income Ratio | 10.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Los Gatos rose about 0.7%, while median household income rose about 74.3% 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 | Los Gatos | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 51.7% | 58.5% |
| Rental Rate | 30.5% | 40.8% | 31.2% |
| Vacancy Rate | 6.3% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Los Gatos has a homeownership rate of 63.2%, higher than the California average of 51.7%. Its housing vacancy rate is 6.3%, compared with 7.5% in California.
Housing Stock
| Metric | Los Gatos | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Los Gatos was built around 1971. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Los Gatos, CA Housing Compared With Nearby Cities
How Los Gatos, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Los Gatos, CA | 32,480 | $2,156,387 #1/3 | $3,354 #2/3 | 67.5% #2/3 |
| Campbell, CA | 46,259 | $1,814,764 | $2,643 | 49.7% |
| Saratoga, CA | 28,506 | $2,067,241 | $3,579 | 86.5% |
Frequently Asked Questions
Common questions about the housing market in Los Gatos, California.
What is the median home price in Los Gatos, California?
The median home price in Los Gatos, California is $2,156,387, higher than the California average of $650,794.
What is the average home price in Los Gatos, California?
The typical home price in Los Gatos, California, reported as the median sale price, is $2,156,387. 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 Los Gatos, California?
The median gross rent in Los Gatos, California is $3,354 per month, higher than the California average of $2,036.
What was the median gross rent in Los Gatos in 2020?
In 2020, the median gross rent in Los Gatos, California was $2,529 per month.
What is the price-to-rent ratio in Los Gatos, California?
The price-to-rent ratio in Los Gatos, California is about 53.6, meaning it would take roughly 53.6 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 Los Gatos.
Are home prices or rent rising faster in Los Gatos, California?
Both home prices and rent are rising in Los Gatos, up about 4.7% and 7.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Los Gatos, California?
63.2% of households in Los Gatos, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Los Gatos, California?
The housing vacancy rate in Los Gatos, California is 6.3%, lower than the California average of 7.5%.
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