Saratoga, California Housing Market Prices
Saratoga 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 218% above the California median$2,067,241
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Median rent 76% above the California median$3,579
Housing Market Overview
| Metric | Saratoga | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,067,241 | $650,794 | $248,835 |
| Price Trend (Annual %) | 6.4% | 8.9% | 7.5% |
| Median Gross Rent | $3,579 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saratoga is about 218% higher than in California. Rent is about 76% 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 Saratoga, up about 6.4% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Saratoga rose about 34.8% between 2015 and 2024, from $2,655 to $3,579. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 9.9 yearly household incomes in Saratoga.
Buying the median-priced home in Saratoga costs roughly 48.1 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 Saratoga. The price-to-rent ratio in California is about 26.6.
| Metric | Saratoga | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,067,241 | $650,794 | $248,835 |
| Median Household Income | $208,590 | $99,161 | $80,455 |
| Price-to-Income Ratio | 9.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Saratoga fell about 5.1%, while median household income rose about 125.2% 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 | Saratoga | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.4% | 51.7% | 58.5% |
| Rental Rate | 12.7% | 40.8% | 31.2% |
| Vacancy Rate | 5.9% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Saratoga has a homeownership rate of 81.4%, higher than the California average of 51.7%. Its housing vacancy rate is 5.9%, compared with 7.5% in California.
Housing Stock
| Metric | Saratoga | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1969 | 1975 | 1978 |
| Median Number of Rooms | 7.2 | 5.0 | 5.5 |
The typical housing unit in Saratoga was built around 1969. On average, 2.8 people live in a home with about 7.2 rooms, staying for about 18.0 years on average.
Saratoga, CA Housing Compared With Nearby Cities
How Saratoga, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Saratoga, CA | 28,506 | $2,067,241 #2/3 | $3,579 #1/3 | 86.5% #1/3 |
| Campbell, CA | 46,259 | $1,814,764 | $2,643 | 49.7% |
| Los Gatos, CA | 32,480 | $2,156,387 | $3,354 | 67.5% |
Frequently Asked Questions
Common questions about the housing market in Saratoga, California.
What is the median home price in Saratoga, California?
The median home price in Saratoga, California is $2,067,241, higher than the California average of $650,794.
What is the average home price in Saratoga, California?
The typical home price in Saratoga, California, reported as the median sale price, is $2,067,241. 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 Saratoga, California?
The median gross rent in Saratoga, California is $3,579 per month, higher than the California average of $2,036.
What was the median gross rent in Saratoga in 2020?
In 2020, the median gross rent in Saratoga, California was $3,266 per month.
What is the price-to-rent ratio in Saratoga, California?
The price-to-rent ratio in Saratoga, California is about 48.1, meaning it would take roughly 48.1 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 Saratoga.
Are home prices or rent rising faster in Saratoga, California?
Both home prices and rent are rising in Saratoga, up about 6.4% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Saratoga, California?
81.4% of households in Saratoga, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Saratoga, California?
The housing vacancy rate in Saratoga, California is 5.9%, lower than the California average of 7.5%.
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