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City · 6,954 residents · Santa Clara County, California

San Martin , California

In San Martin, a typical home is worth $1,430,600 and typical rent is $2,613 a month. Compared with all of Santa Clara County, typical rent is 9% lower and the share of households that own their home is 23 points higher.

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  • Typical home value

    $1,430,600

    4% below the county

    95% above California

    • San Martin
    • Santa Clara
    • California

  • Typical rent

    $2,613a month

    9% below the county

    28% above California

    • San Martin
    • Santa Clara
    • California

  • Typical household income

    $158,250a year

    4% below the county

    60% above California

    • San Martin
    • Santa Clara
    • California

  • Households that own their home

    78%

    23 points above the county

    22 points above California

    • San Martin
    • Santa Clara
    • California

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$1,582,474
6.2% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

San Martin is in Santa Clara County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Santa Clara County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets San Martin apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Watsonville, the typical home value is $686,000: 52% less than in San Martin ($1,430,600).

  2. 78% of households in San Martin own their home, against 55% in Santa Clara County.

  3. According to Zillow, in the 12 months to September 2026 the typical home value in San Martin rose 6.2%; in California, it rose 0.6%.

  4. Nearby, in Watsonville, the typical rent is $1,889: 28% less than in San Martin ($2,613).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in San Martin

What homes there are in San Martin, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 91% of homes here, against 51% in Santa Clara County.

Year built

By age, homes in San Martin look like those in Santa Clara County: the typical year built is 1975.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Without a mortgage

$1,106 a month

Santa Clara County: $1,155 a month

Owners with a mortgage

68%

Santa Clara County: 67%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in San Martin gained value more slowly than in Santa Clara County: 42% since 2015–2019, against 52%.

Rents in San Martin rose faster than in Santa Clara County: 76% since 2015–2019, against 26%.

The typical household income in San Martin rose 36%: less than home values (+42%) and rent (+76%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSan MartinSanta Clara CountyCaliforniaUnited States
Rental vacancy Unreliable estimate5.1%4.2%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room Unreliable estimate7.5%8.2%3.4%
People per household 3.322.822.842.53
Drive alone 60%60%66%69%
Carpool 6%9%10%9%
Public transit Unreliable estimate2%3%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 27%24%17%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 3.32 on average, against 2.82 in Santa Clara County.

To get to work, 60% of workers in San Martin drive alone; in Santa Clara County, 60%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in San Martin?

A typical home costs more than the typical income allows

We start with a typical home in San Martin, worth $1,430,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 88% of the typical household income in San Martin, which is $158,250 a year. For that payment to be 28% of income, a household would need to earn about $499,981 a year. Note: at that price the loan is above the FHA limit for Santa Clara County ($1,249,125), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Santa Clara County.

Your numbers

Local data
$

Starts at the typical home value in San Martin. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $50,071 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$11,666

at 7.18% · 30 years

Loan amount
$1,404,688
Total interest
$2,021,017
Paid off in
November 2056

Includes $24,159 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,693 a month

  • Tight

    $3,693 to $4,748 a month

  • Hard

    more than $4,748 a month

    Your payment · 88%

Compared with the typical household income in San Martin ($158,250 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$11,666
Principal & interest$9,516
Property tax$691
Home insurance$596
FHA mortgage insurance (MIP)$863

This loan is over the FHA limit

You'd borrow $1,380,529, but the FHA limit for a one-unit home in San Martin is $1,249,125. You'd need a bigger down payment or a different loan.

You need at least $50,071 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

San Martin and Santa Clara County

San Martin is in Santa Clara County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

San Martin's own numbers

Typical home value
$1,430,600
Typical monthly rent
$2,613
Typical yearly household income
$158,250
Households that own their home
78%
Effective property tax rate
0.58%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Santa Clara County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$3,272
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
6.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Santa Clara County.

Everything about Santa Clara County

Buying

Buying a home in San Martin

A typical home in San Martin is worth $1,430,600: 4% below the county and 95% above California. With the typical household income in San Martin ($158,250 a year), a typical home costs 9.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • San Martin 9.0 years
  • Santa Clara 9.1 years
  • California 7.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Santa Clara County

According to FHFA’s house price index, home prices in Santa Clara County rose 64% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Santa Clara County.

Period County California U.S.
Last year (2025) −0.6% +0.8% +2.9%
5 years (2020–2025) +35% +40% +47%
10 years (2015–2025) +64% +80% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

San Martin next to Santa Clara County, California and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • San Martin $1,430,600
  • Santa Clara $1,490,600
  • California $734,700
  • United States $332,700
Typical monthly rent
  • San Martin $2,613
  • Santa Clara $2,857
  • California $2,036
  • United States $1,413
Typical yearly household income
  • San Martin $158,250
  • Santa Clara $164,281
  • California $99,122
  • United States $80,734
See the full table
San Martin next to Santa Clara County and California
Measure San Martin Santa Clara County California U.S.
Typical home value $1,430,600 $1,490,600 $734,700 $332,700
Typical monthly rent $2,613 $2,857 $2,036 $1,413
Typical yearly household income $158,250 $164,281 $99,122 $80,734
Households that own their home 78% 55% 56% 65%
Typical yearly property tax $8,346 $10,001 $5,124 $3,119
Effective property tax rate 0.58% 0.67% 0.7% 0.94%
Renters with high rent for their income 54% 45% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Santa Clara County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in San Martin

For a typical $1,430,600 home in San Martin, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, San Martin's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $11,666a month

    Above the FHA limit for Santa Clara County ($1,249,125)
    Down payment
    $50,071
    Cash to close
    $92,989
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $863

  • Conventional, 5% down $11,174a month

    Above the conventional limit for Santa Clara County ($1,249,125): it would be a "jumbo" loan
    Down payment
    $71,530
    Cash to close
    $114,448
    Rate
    7.18%
    Mortgage insurance
    PMI · $680

  • Conventional, 20% down, no PMI $9,041a month

    Least cash to close
    Down payment
    $286,120
    Cash to close
    $329,038
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $10,363a month

    Down payment
    $214,590
    Cash to close
    $257,508
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 20% down, no PMI.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for San Martin and for Santa Clara County.

Property tax

Effective rate in San Martin

0.58%of the home’s value each year

$8,346 a year for the typical owner in San Martin.

  • San Martin 0.58%
  • Santa Clara 0.67%
  • California 0.7%

What California publishes Homeowners' exemption (California State Board of Equalization (BOE))

Exemptions and deadlines in California

Flood risk in Santa Clara County

FEMA does not publish these numbers by city: they are for all of Santa Clara County.

Homes in the high-risk zone
6.7%
32,371
Of those, with NFIP insurance
22%
County California U.S.
Homes in the high-risk zone 6.7% 2.8% 3.5%
Of those, with NFIP insurance 22% 31% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in San Martin

Typical rent in San Martin is $2,613 a month: 9% below the county. In San Martin, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Santa Clara County, by unit size. To pay the 2-bedroom one ($3,272 a month) without spending more than 30% of your income, you would need to earn $62.92 an hour working full time.

HUD fair market rent for all of Santa Clara County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,458 $47.27 $98,320
1 bedroom $2,778 $53.42 $111,120
2 bedrooms $3,272 $62.92 $130,880
3 bedrooms $4,396 $84.54 $175,840
4 bedrooms $4,688 $90.15 $187,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in San Martin

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). San Martin has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,630 in 95020 to $2,800 in 95046.

None is above the fair market rent for Santa Clara County ($3,272).

  • 95020 $2,630$3,530
  • 95046 $2,800$3,760

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for San Martin when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in San Martin

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Santa Clara County; 2 say they serve in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in San Martin

No down payment, repair or rent-help program on our list is for San Martin or Santa Clara County. The ones below are statewide in California: they work in San Martin the same as in the rest of the state.

Which programs do I qualify for? All programs in California

  • MyHome Assistance Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California. Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

  • California Dream For All Shared Appreciation Loan

    Statewide in California

    Closed, per the source

    CalHFA down payment loan for first-generation buyers in California; when you sell, you repay the loan plus a share of the home's appreciation. Offered by California Housing Finance Agency (CalHFA).

    Shared appreciation

    See the program Official page

  • MyAccess Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers who use the CalPLUS Access mortgage (FHA or conventional). Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

Housing counselors near San Martin

The HUD-approved agencies closest to the center of San Martin, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity East Bay/Silicon Valley - Milpitas

    1608 Las Plumas Ave, San Jose · 24 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (510) 803-3362

  • Santa Clara County Asian Law Alliance

    991 W Hedding St, San Jose · 25 miles away · Spanish

    Also serves in Cantonese, Mandarin Chinese, Korean, and Vietnamese.

    • Fair housing pre-purchase workshops
    • Homelessness services
    • and 2 more
    (408) 287-9710

  • Project Sentinel

    1490 El Camino Real, Santa Clara · 27 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (408) 470-3730

Every agency in Santa Clara County All counseling agencies in California

Help in Spanish near San Martin

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of San Martin

HUD’s record names them for San Martin or Santa Clara County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Santa Clara County Housing Authority Public housing and Section 8 vouchers (408) 275-8770

One other authority has an office in Santa Clara County: see the list Source: HUD

Cities

Other cities in Santa Clara County

These cities are also in Santa Clara County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Santa Clara County Housing in California
See 6 more cities in Santa Clara County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to San Martin, with the typical home value.

Neighboring counties

If Santa Clara County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in San Martin.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about San Martin

Short answers with the numbers for San Martin and all of Santa Clara County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in San Martin?

The typical home value in San Martin is $1,430,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Santa Clara County it is $1,490,600.

How much does it cost to rent in San Martin?

Typical rent in San Martin is $2,613 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Santa Clara County is $3,272.

What is the FHA loan limit in San Martin?

San Martin uses the FHA limit for all of Santa Clara County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in San Martin?

The typical homeowner in San Martin pays $8,346 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in Santa Clara County, the rate is 0.67%.

Where can I find free help to buy or rent in San Martin?

There are 3 HUD-approved counseling agencies with an office in Santa Clara County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).