Cities with the fastest growing home prices in San Jose metro area

Written by:
November 23, 2022
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in San Jose metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in San Jose-Sunnyvale-Santa Clara, CA metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 26 cities and towns with data available were included in the list.

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Stacker

#26. Seven Trees, Seven Trees

- 1-year price change: +$3,726 (+0.4%)
- 5-year price change: +$284,507 (+42.2%)
- Typical home value: $958,091 (#22 most expensive city in metro)
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#25. Sunol-Midtown, Sunol-Midtown

- 1-year price change: +$13,193 (+1.2%)
- 5-year price change: +$308,128 (+37.1%)
- Typical home value: $1,139,631 (#20 most expensive city in metro)
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Stacker

#24. Alum Rock, Alum Rock

- 1-year price change: +$26,015 (+2.9%)
- 5-year price change: +$275,517 (+41.9%)
- Typical home value: $933,800 (#23 most expensive city in metro)
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#23. Buena Vista, Buena Vista

- 1-year price change: +$26,525 (+3.0%)
- 5-year price change: +$274,658 (+42.3%)
- Typical home value: $923,674 (#24 most expensive city in metro)
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Stacker

#22. Hollister, Hollister

- 1-year price change: +$33,679 (+4.2%)
- 5-year price change: +$272,613 (+48.5%)
- Typical home value: $834,626 (#26 most expensive city in metro)

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6 / 26
Stacker

#21. San Martin, San Martin

- 1-year price change: +$44,689 (+3.3%)
- 5-year price change: +$437,477 (+45.1%)
- Typical home value: $1,407,913 (#15 most expensive city in metro)
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Stacker

#20. San Juan Bautista, San Juan Bautista

- 1-year price change: +$52,771 (+6.1%)
- 5-year price change: +$313,592 (+52.1%)
- Typical home value: $915,241 (#25 most expensive city in metro)
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Stacker

#19. Mountain View, Mountain View

- 1-year price change: +$63,027 (+3.3%)
- 5-year price change: +$365,716 (+22.9%)
- Typical home value: $1,959,445 (#11 most expensive city in metro)
9 / 26
Stacker

#18. Gilroy, Gilroy

- 1-year price change: +$70,486 (+7.2%)
- 5-year price change: +$325,537 (+45.3%)
- Typical home value: $1,044,292 (#21 most expensive city in metro)
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#17. Stanford, Stanford

- 1-year price change: +$75,277 (+2.1%)
- 5-year price change: +$622,524 (+20.3%)
- Typical home value: $3,696,247 (#5 most expensive city in metro)

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#16. Santa Clara, Santa Clara

- 1-year price change: +$78,269 (+5.2%)
- 5-year price change: +$428,163 (+37.1%)
- Typical home value: $1,581,843 (#13 most expensive city in metro)
12 / 26
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#15. San Jose, San Jose

- 1-year price change: +$81,503 (+6.4%)
- 5-year price change: +$432,215 (+46.5%)
- Typical home value: $1,360,728 (#17 most expensive city in metro)
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#14. Milpitas, Milpitas

- 1-year price change: +$86,079 (+6.7%)
- 5-year price change: +$439,628 (+47.2%)
- Typical home value: $1,371,756 (#16 most expensive city in metro)
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#13. East Foothills, East Foothills

- 1-year price change: +$90,719 (+7.2%)
- 5-year price change: +$475,629 (+54.6%)
- Typical home value: $1,346,852 (#18 most expensive city in metro)
15 / 26
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#12. Palo Alto, Palo Alto

- 1-year price change: +$96,169 (+2.8%)
- 5-year price change: +$651,138 (+22.4%)
- Typical home value: $3,562,073 (#6 most expensive city in metro)

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16 / 26
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#11. Morgan Hill, Morgan Hill

- 1-year price change: +$102,160 (+8.4%)
- 5-year price change: +$420,598 (+47.0%)
- Typical home value: $1,315,317 (#19 most expensive city in metro)
17 / 26
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#10. Lexington Hills, Lexington Hills

- 1-year price change: +$111,004 (+8.2%)
- 5-year price change: +$412,337 (+39.4%)
- Typical home value: $1,457,955 (#14 most expensive city in metro)
18 / 26
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#9. Campbell, Campbell

- 1-year price change: +$114,510 (+7.2%)
- 5-year price change: +$496,287 (+41.1%)
- Typical home value: $1,702,560 (#12 most expensive city in metro)
19 / 26
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#8. Sunnyvale, Sunnyvale

- 1-year price change: +$115,028 (+6.1%)
- 5-year price change: +$517,712 (+34.8%)
- Typical home value: $2,006,978 (#9 most expensive city in metro)
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#7. Los Altos Hills, Los Altos Hills

- 1-year price change: +$137,843 (+2.7%)
- 5-year price change: +$1,009,073 (+24.2%)
- Typical home value: $5,178,459 (#1 most expensive city in metro)

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#6. Los Altos, Los Altos

- 1-year price change: +$175,195 (+4.5%)
- 5-year price change: +$1,041,182 (+34.7%)
- Typical home value: $4,044,649 (#2 most expensive city in metro)
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#5. Cupertino, Cupertino

- 1-year price change: +$177,535 (+6.8%)
- 5-year price change: +$785,505 (+39.0%)
- Typical home value: $2,800,546 (#7 most expensive city in metro)
23 / 26
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#4. Cambrian Park, Cambrian Park

- 1-year price change: +$206,324 (+11.6%)
- 5-year price change: +$710,467 (+55.9%)
- Typical home value: $1,980,765 (#10 most expensive city in metro)
24 / 26
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#3. Monte Sereno, Monte Sereno

- 1-year price change: +$215,116 (+5.7%)
- 5-year price change: +$842,680 (+26.8%)
- Typical home value: $3,988,317 (#3 most expensive city in metro)
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#2. Los Gatos, Los Gatos

- 1-year price change: +$215,252 (+9.0%)
- 5-year price change: +$747,946 (+40.0%)
- Typical home value: $2,616,180 (#8 most expensive city in metro)

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#1. Saratoga, Saratoga

- 1-year price change: +$256,259 (+7.4%)
- 5-year price change: +$1,116,199 (+42.9%)
- Typical home value: $3,719,355 (#4 most expensive city in metro)

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