Santa Clara County Real Estate and Livability Trends
Santa Clara County's real estate market reveals strong economic growth with average taxable income rising to $246,840.62 by 2021. Yet, this prosperity comes with higher state and local taxes, reaching $73,672.48 per tax return. Home values are climbing rapidly, hitting $1,316,800 in 2022, reflecting the area's appeal and increasing property taxes. A shift away from agriculture and a drop in... Read more
Santa Clara County Market Trends
Santa Clara County's median home values have surged from $698,600 in 2015 to $1,316,800 by 2022, outpacing both California and national trends. The rise in residential energy tax credits, peaking at $5,555.80 per tax return in 2018, underscores a growing commitment to energy-efficient home improvements. Average real estate taxes have nearly doubled over the past decade, hitting $14,718.98 in... Read more
Median Value of Occupied Housing Units in Santa Clara County, California Over the Last 8 Years
Santa Clara County's median home values have climbed significantly over the last eight years, starting at $698,600 in 2015 and reaching $1,316,800 by 2022. This rise outpaces both California and national trends, where median values went from $385,500 to $659,300 and $125,500 to $179,400, respectively, in the same period. Those looking to invest or move into Santa Clara County might find the rapid appreciation compelling, though it also suggests a competitive and potentially inflated market compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Santa Clara County, CA Over the Last 9 Years
Santa Clara County, California has seen a notable upward trajectory in residential energy tax credits over the past nine years, peaking in 2018 at $5,555.80 per tax return. Despite some fluctuations, the overall trend reflects increased investments in energy-efficient home improvements. This surge is a strong indicator of the county’s commitment to sustainable living and could be highly beneficial for prospective property investors and environmentally-conscious homebuyers looking to maximize their tax savings while reducing their carbon footprint.
Average Real Estate Taxes Per Tax Return in Santa Clara County, CA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Santa Clara County, California have seen a steady climb, starting from $7,321.50 in 2012 and reaching $14,718.98 in 2021. Notably, there was a significant uptick in 2017 with an increase to $11,667.68, though a slight dip occurred in 2018. This trend suggests a continuous rise in property values and corresponding tax assessments, making it crucial for potential investors and residents to consider the increasing financial commitment in this region.
Percentage of Farm Returns in Santa Clara County, CA Over the Last 10 Years
Santa Clara County, California has seen a gradual decline in the percentage of farm tax returns over the last decade, dipping from approximately 0.14% in 2012 to roughly 0.12% in 2021. Farm tax returns, which are filings that agricultural businesses submit to report earnings and expenses, indicate the region's agricultural activity. For investors, builders, and residents, this trend could signal shifting economic focuses, possibly towards tech or urban development, rather than agriculture. This may influence property values, investment opportunities, and the broader economic landscape in the county.
Number of Mortgages by Occupancy Type in Santa Clara County, CA Over the Last 5 Years in Santa Clara County
Santa Clara County, California has seen significant shifts in mortgage counts over the last five years, revealing important trends for different occupancy types. Notably, there was a substantial increase in mortgages for investment properties in 2021, reaching 18,339, up from 11,719 in 2020 and 7,704 in 2019, which might indicate growing investor interest in the area. Meanwhile, mortgages for principal residences peaked in 2020 at 154,298 but dropped sharply to 54,599 in 2022, perhaps due to external economic factors or shifts in housing market dynamics. Second residences have remained a small but consistent portion of the market, with a slight decrease overall. These changes can significantly impact decisions for potential investors, developers, or real estate agents and give insights into market stability and demand, affecting appraisals and insurance premiums.
Economic Outlook
Santa Clara County has seen a significant rise in average taxable income per tax return, moving from $121,580.83 in 2013 to $246,840.62 in 2021, signaling robust economic growth. However, this increase in prosperity comes with a catch; average state and local income taxes per tax return have similarly soared from $20,984.25 in 2012 to $73,672.48 in 2021, impacting disposable income. The average total tax liability also climbed from $26,520.26 in 2012 to $62,961.93 in 2021, reflecting higher... Read more
Average Taxable Income per Tax Return in Santa Clara County, CA over the last 9 years
Santa Clara County has experienced a significant rise in average taxable income per tax return over the last nine years, growing from $121,580.83 in 2013 to an impressive $246,840.62 in 2021. This surge indicates a robust economic growth, making it a lucrative area for investors and potential residents alike. This upward trend reflects increasing prosperity and higher earning potential, making it an attractive place for high-income professionals and businesses.
Average State and Local Income Taxes Per Tax Return in Santa Clara County, CA Over the Last 10 Years
Over the last decade, Santa Clara County, CA has seen a dramatic increase in average state and local income taxes per tax return, soaring from $20,984.25 in 2012 to $73,672.48 in 2021. This sharp rise highlights the growing tax burden on residents, likely reflecting both rising incomes and cost of living in this tech-centric region. Such trends are crucial for prospective movers and current residents to consider, as they significantly impact disposable income and overall financial planning.
Average Total Tax Liability Per Tax Return in Santa Clara County, CA Over the Last 10 Years
In the last decade, the average total tax liability per tax return in Santa Clara County, California has seen a significant increase, rising from $26,520.26 in 2012 to a notable $62,961.93 in 2021. This surge is indicative of the region's economic growth and escalating incomes, making it a marker of prosperity but also higher living costs. For property investors, developers, and residents, this trend underscores the area's robust economic environment yet also highlights the escalating financial obligations tied to residing in this tech-centric hub.
Cost of Living in Santa Clara County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,750 | $1,769 | $1,875 | $3,082 | $3,620 |
| 1 adult 4 children | $3,750 | $1,445 | $1,448 | $3,082 | $3,721 |
| 2 adults 3 children | $3,750 | $1,446 | $1,621 | $3,082 | $3,229 |
| 1 adult 3 children | $3,750 | $1,180 | $1,193 | $3,082 | $3,395 |
| 2 adults 2 children | $2,941 | $1,183 | $1,366 | $2,726 | $2,509 |
| 1 adult 2 children | $2,941 | $884 | $938 | $2,726 | $2,636 |
| 2 adults 1 child | $2,941 | $935 | $1,111 | $1,571 | $1,959 |
| 1 adult 1 child | $2,941 | $604 | $683 | $1,571 | $2,067 |
| 2 adults | $2,513 | $751 | $856 | $0 | $1,191 |
| 1 adult | $2,223 | $410 | $428 | $0 | $1,270 |
Safety trends & Data
Over the past five years in Santa Clara County, California, there's been a notable decline in overall property crimes, especially in burglary and larceny-theft incidents by 2021. However, 2022 shows a resurgence in crimes like arson, larceny-theft, and motor vehicle theft. Potential investors, real estate agents, and property developers should observe these fluctuations to assess neighborhood safety trends and understand potential risks. Insurance agents may adjust premiums based on crime... Read more
Property Crime Trends in Santa Clara County, CA Over the Last 5 Years
Over the past five years in Santa Clara County, California, there's been a notable decline in overall property crimes, with significant drops observed in 2021, particularly in burglary and larceny-theft incidents. However, 2022 shows a resurgence in crimes like arson, larceny-theft, and motor vehicle theft. Observing these fluctuations can be crucial for potential investors, real estate agents, and property developers in assessing neighborhood safety trends and understanding potential risks. Insurance agents may also find this data valuable for adjusting premiums based on crime trends, while appraisers might factor in these elements to property valuation.
Demographics
In Santa Clara County, California, the adult population is almost evenly split between males and females. Educationally, a significant portion has either a Bachelor's degree or higher, suggesting a well-educated community. Age distribution shows a youthful demographic with a considerable number of residents in the 25 to 34 age bracket. Racially, there is substantial diversity with Whites and Asians making up the largest groups, possibly reflecting the county's vibrant multicultural... Read more
Race Distribution in Santa Clara County, California (2022)
Educational Attainment in Santa Clara County, California (2022)
Age Distribution in Santa Clara County, California
Citizen Population in Santa Clara County, California (2022)
Political Trends & Data
Santa Clara County, California, seems to demonstrate a notable Democratic inclination, with about 72.6% of the vote potentially going to the Democratic party. Republican support might be substantially lower, around 25.2%. Third-party influence probably remains minor, making up less than 3% combined for Libertarian, Green, and Other... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Santa Clara County, California, potentially signifies a strong Democratic preference, with an estimated 72.6% of votes going to the Democratic party. In contrast, only about 25.2% of the county's voters may lean Republican. Third-party candidates appear to have minimal influence, with Libertarian, Green, and Other parties collectively making up less than 3% of the vote.
25.23% of voters voted for the Republican party in the 2020 Presidential Election
72.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Green party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Santa Clara County, California, has seen its student-to-teacher ratio fall from 24 in 2014 to around 21 in 2023. Although still above the national average of 14 students per teacher, this trend implies gradual improvements in education quality. For investors and real estate agents, this could signal increased family appeal, while appraisers and insurance agents might view it as evidence of a more stable educational infrastructure, influencing property values and risk assessments. This downward... Read more
Student-to-teacher ratio in Santa Clara County, California over the last 9 years
Santa Clara County, California, has seen a gradual decrease in its student-to-teacher ratio from 24 in 2014 to just about 21 in 2023. While still higher than the national average of 14 students per teacher, this trend suggests incremental improvements in classroom settings. For investors and real estate agents, this could indicate a growing focus on education quality, potentially making the area more attractive for families. Appraisers and insurance agents might see this as an indicator of a stable and improving educational infrastructure, which can affect property values and risk assessments. Those considering moving to or building in the area may find this downward trend appealing, as it hints at a local government's commitment to enhancing educational resources.
