Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Santa Ana | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $763,920 | $642,203 | $242,182 |
| Price Trend (Annual %) | 10.2% | 10.0% | 8.2% |
| Median Gross Rent | $1,970 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Santa Ana is about 19% higher than in California. Rent is about 1% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Santa Ana, up about 10.2% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Santa Ana rose about 51.4% between 2015 and 2023, from $1,301 to $1,970. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Santa Ana.
Buying the median-priced home in Santa Ana costs roughly 32.3 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 Santa Ana. The price-to-rent ratio in California is about 27.4.
| Metric | Santa Ana | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $763,920 | $642,203 | $242,182 |
| Median Household Income | $89,639 | $96,718 | $78,145 |
| Price-to-Income Ratio | 8.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Santa Ana rose about 73.5%, while median household income rose about 65.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Santa Ana | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.7% | 51.6% | 58.2% |
| Rental Rate | 53.9% | 40.9% | 31.3% |
| Vacancy Rate | 3.4% | 7.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Santa Ana has a homeownership rate of 42.7%, lower than the California average of 51.6%. Its housing vacancy rate is 3.4%, compared with 7.6% in California.
Housing Stock
| Metric | Santa Ana | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.83 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in Santa Ana was built around 1967. On average, 3.8 people live in a home with about 4.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Santa Ana, California.
What is the median home price in Santa Ana, California?
The median home price in Santa Ana, California is $763,920, higher than the California average of $642,203.
What is the average home price in Santa Ana, California?
The typical home price in %s, reported as the median sale price, is %s. 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 Santa Ana, California?
The median gross rent in Santa Ana, California is $1,970 per month, higher than the California average of $1,955.
What was the median gross rent in Santa Ana in 2020?
In 2020, the median gross rent in Santa Ana, California was $1,618 per month.
What is the price-to-rent ratio in Santa Ana, California?
The price-to-rent ratio in Santa Ana, California is about 32.3, meaning it would take roughly 32.3 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 Santa Ana.
Are home prices or rent rising faster in Santa Ana, California?
Both home prices and rent are rising in Santa Ana, up about 10.2% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Santa Ana, California?
42.7% of households in Santa Ana, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Santa Ana, California?
The housing vacancy rate in Santa Ana, California is 3.4%, lower than the California average of 7.6%.