Cities with the fastest growing home prices in Santa Cruz metro area

Written by:
January 19, 2023
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Santa Cruz 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 Santa Cruz-Watsonville, CA metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 11 cities and towns with data available were included in the list.

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1 / 11
Stacker

#11. Ben Lomond, CA

- 1-year price change: $-21,758 (-2.3%)
- 5-year price change: +$200,678 (+28.5%)
- Typical home value: $904,588 (#8 most expensive city in metro)
2 / 11
Stacker

#10. Boulder Creek, CA

- 1-year price change: +$5,896 (+0.8%)
- 5-year price change: +$176,313 (+28.8%)
- Typical home value: $787,911 (#10 most expensive city in metro)
3 / 11
Stacker

#9. Freedom, CA

- 1-year price change: +$9,563 (+1.4%)
- 5-year price change: +$236,891 (+49.7%)
- Typical home value: $713,823 (#11 most expensive city in metro)
4 / 11
Stacker

#8. Felton, CA

- 1-year price change: +$27,639 (+3.1%)
- 5-year price change: +$239,636 (+35.4%)
- Typical home value: $917,162 (#6 most expensive city in metro)
5 / 11
Stacker

#7. Watsonville, CA

- 1-year price change: +$30,800 (+3.9%)
- 5-year price change: +$257,758 (+45.3%)
- Typical home value: $826,873 (#9 most expensive city in metro)

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6 / 11
Stacker

#6. Scotts Valley, CA

- 1-year price change: +$64,470 (+5.3%)
- 5-year price change: +$382,641 (+42.4%)
- Typical home value: $1,285,556 (#4 most expensive city in metro)
7 / 11
Stacker

#5. Davenport, CA

- 1-year price change: +$83,228 (+10.0%)
- 5-year price change: $-3,267 (-0.4%)
- Typical home value: $912,880 (#7 most expensive city in metro)
8 / 11
Stacker

#4. Santa Cruz, CA

- 1-year price change: +$90,123 (+6.9%)
- 5-year price change: +$475,949 (+52.2%)
- Typical home value: $1,387,904 (#3 most expensive city in metro)
9 / 11
Stacker

#3. Aptos, CA

- 1-year price change: +$96,206 (+7.2%)
- 5-year price change: +$511,109 (+55.6%)
- Typical home value: $1,429,565 (#1 most expensive city in metro)
10 / 11
Stacker

#2. Capitola, CA

- 1-year price change: +$98,564 (+8.6%)
- 5-year price change: +$420,369 (+50.9%)
- Typical home value: $1,246,096 (#5 most expensive city in metro)

You may also like: Cities with the fastest growing home prices in Santa Cruz metro area

11 / 11
Stacker

#1. Soquel, CA

- 1-year price change: +$118,172 (+9.2%)
- 5-year price change: +$485,663 (+52.7%)
- Typical home value: $1,406,825 (#2 most expensive city in metro)

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