Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,008 people, 2,036 houses or apartments, and a median cost of homes of $1,813,337, San Martin house prices are not only among the most expensive in California, San Martin real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in San Martin, accounting for 90.02% of the town's housing units. Other types of housing that are prevalent in San Martin include mobile homes or trailers ( 4.47%), row houses and other attached homes ( 3.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.38%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in San Martin. Owner-occupied housing accounts for 69.45% of San Martin's homes, and 66.70% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in San Martin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in San Martin built between 1940-1969 ( 30.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.50%). There's also some housing in San Martin built before 1939 ( 8.84%).
Appreciation rates for homes in San Martin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.41%, which ranks in the top 30% nationwide. This equates to an annual average San Martin house appreciation rate of 7.77%.
Over the last year, San Martin appreciation rates have trailed the rest of the nation. In the last twelve months, San Martin's appreciation rate has been 6.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Martin were at 3.11%, which equates to an annual appreciation rate of 13.01%.
Relative to California, our data show that San Martin's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$1,813,337
for California
for nation
2,036
$3,310 / per month