Buying a home · Santa Clara County
Data from November 2026
Buying a home in Santa Clara County, California
The typical home in Santa Clara County is worth $1,490,600 by the Census (Average 2020–2024). At Freddie Mac’s 7.18% rate (November 5, 2026), an FHA loan with 3.5% down and the tax here, the payment would be about $12,267 a month. For it to be 28% of income, a household would need about $525,741 a year.
Four numbers to start with
- Typical home value
- $1,490,600
- Census median · Average 2020–2024
- 103% more than in California
- Income for the typical home
- $525,741
- a year, at 7.18% (November 5, 2026)
- The typical household here earns $164,281 a year, less than that.
- FHA limit, 1 unit
- $1,249,125
- high-cost area, 2026
- Conforming limit: $1,249,125.
- Property tax
- 0.67%
- $10,001 a year for the typical owner
- 4% less than in California
Only here
Buying a home in Santa Clara County: what sets it apart
What this place has that others do not, from public data, most unusual first.
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Of the 58 counties in California, Santa Clara County has the highest typical household income: $164,281.
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Nearby, in Merced County, the typical home value is $391,800: 74% less than in Santa Clara County ($1,490,600).
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At $1,490,600, Santa Clara County ranks 3rd among the 58 counties in California for the highest typical home value.
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From 2020 to 2025, home prices in Santa Clara County rose 35% on FHFA's index, slower than in California (40%).
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7% of homes in Santa Clara County (32,371) are in FEMA's high-risk flood zone, and only 22% of those carry NFIP flood insurance.
Sources: U.S. Census Bureau (Average 2020–2024); FHFA (2025 data); FEMA (As of August 3, 2026).
How much income you need
The income a home needs in Santa Clara County
Three homes with the figures from here: the one the typical income ($164,281) reaches, the typical home ($1,490,600) and the most expensive one an FHA loan covers. All at 7.18% (November 5, 2026) and the property tax here (0.67% of value a year).
- The payment includes principal, interest, property tax, home insurance and FHA mortgage insurance (MIP).
- Home insurance is an example of 0.5% of the price a year. “To close” adds the down payment and an example of 3% of the price in closing costs.
- The income needed is the one that keeps the payment at 28% of pre-tax income. It is a reference: each lender decides with your debts, your credit and your savings.
| Home | Price | Income a year | Monthly payment | To close |
|---|---|---|---|---|
| What the typical income reachesthe payment is 28% of $164,281 a year | $475,000 | $164,261 | $3,833 | $30,875 |
| The most with FHAthe loan reaches the $1,249,125 limit | $1,294,430 | $456,551 | $10,653 | $84,138 |
| The typical homeCensus median · Average 2020–2024 | $1,490,600 | $525,741 | $12,267 | $96,889 |
Source: Freddie Mac, November 5, 2026 · Source: U.S. Census Bureau, Average 2020–2024 · Source: HUD, 2026 data
Loan limits
How much you can borrow in Santa Clara County
This is a high-cost area, so FHA limits in Santa Clara County are above the national floor. The limit is set for the whole metro area (San Jose-Sunnyvale-Santa Clara, CA). If the loan you need is above these amounts, it doesn't fit FHA or it becomes a "jumbo" loan.
FHA, one unit
$1,249,125
FHA high-cost area
Nationwide, the one-unit FHA limit runs from $541,287 to $1,299,500.
Source: HUD, 2026 data
Conforming, one unit
$1,249,125
This is a high-cost area: the limit is above the national baseline of $832,750.
VA loans. If you have full VA entitlement, VA doesn't cap the loan amount. If you've used part of your entitlement, the calculation uses the county limit ($1,249,125 for one unit). VA loan limits (va.gov)
Source: FHFA, 2026 data
Buying a duplex or fourplex in Santa Clara County
Loan limits for 2, 3 and 4 units in Santa Clara County and HUD's Fair Market Rent by home size. HUD's rent is a reference, not a promise of what you will charge.
Loan limits in Santa Clara County
| Units | FHA 2026 | Conforming 2026 |
|---|---|---|
| 2 units | $1,599,375 | $1,599,375 |
| 3 units | $1,933,200 | $1,933,200 |
| 4 units | $2,402,625 | $2,402,625 |
The FHA limit is the largest loan FHA can insure in this county; the conforming limit, the largest Fannie Mae and Freddie Mac can buy.
HUD Fair Market Rent in Santa Clara County
| Size | Fair Market Rent FY2027 |
|---|---|
| Studio | $2,458 |
| 1 bedroom | $2,778 |
| 2 bedrooms | $3,272 |
| 3 bedrooms | $4,396 |
| 4 bedrooms | $4,688 |
HUD's estimate of rent plus utilities (except telephone). A reference to compare with, not what you will charge.
Renting in Santa Clara CountySection 8 in Santa Clara County
Sources: HUD, FHA limits 2026 ↗ · FHFA, conforming limits 2026 ↗ · HUD, Fair Market Rents FY2027 ↗
FHA's rules for buying 2 to 4 units
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FHA insures loans on 1 to 4 unit properties that are the owner's principal residence. For 2 to 4 units, the lender must obtain form HUD-92561.
“Except as otherwise stated in this Handbook 4000.1, FHA’s Single Family programs are limited to one- to four-family Properties that are owner-occupied Principal Residences.”
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At least one borrower must move into the property within 60 days of signing and intend to live there at least 1 year.
“At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year.”
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The FHA loan may not pass your area's limit, which rises with the number of units. The limit is checked against the loan before the financed upfront mortgage insurance premium (UFMIP) is added.
“A Mortgage that is to be insured by FHA cannot exceed the Nationwide Mortgage Limits. … restrictions to mortgage amounts and LTVs are based upon the amount prior to the financing of the Upfront Mortgage Insurance Premium (UFMIP) (Base Loan Amount).”
Handbook 4000.1, II.A.2.a and II.A.2.a.iii, p. 177; p. 178 ↗
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The units' rent can count as income. With no rental history, the lender uses 75% of the lesser of the appraiser's rent or the lease rent. It may not subtract it from your payment.
“the Mortgagee must use 75 percent of the lesser of: fair market rent reported by the Appraiser; or the rent reflected in the lease or other rental agreement.”
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With 3 or 4 units, the payment (principal, interest, taxes and insurance) divided by the net rent of all units, yours included, may not pass 100%. Net rent is the appraiser's rent less the appraiser's vacancy and maintenance estimate or 25%, whichever is greater.
“The PITI divided by the monthly Net Self-Sufficiency Rental Income may not exceed 100 percent for three- to four-unit Properties. … Net Self-Sufficiency Rental Income is calculated by using the Appraiser’s estimate of fair market rent from all units, including the unit the Borrower chooses for occupancy, and subtracting the greater of the Appraiser’s estimate for vacancies and maintenance, or 25 percent of the fair market rent.”
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With 3 or 4 units, the lender must verify reserves of 3 months of payments after closing. With manual underwriting, it asks for 1 month for 1 or 2 units.
“The Mortgagee must verify and document Reserves equivalent to three months’ PITI after closing for three- to four-unit Properties.”
Handbook 4000.1, II.A.4.d.i(C)(2) and II.A.5.c.i(C)(1)–(2), p. 253; p. 332 ↗
Prices
How prices changed in Santa Clara County
According to the FHFA House Price Index, home prices in Santa Clara County rose 64% in the 10 years through 2025. FHFA's index follows the price of the same homes over the years.
| Year | Santa Clara County | California | United States |
|---|---|---|---|
| 2015 | 0.0% | 0.0% | 0.0% |
| 2016 | +9.7% | +7.8% | +5.3% |
| 2017 | +14.1% | +14.7% | +11.0% |
| 2018 | +27.6% | +22.1% | +17.3% |
| 2019 | +25.2% | +26.1% | +22.2% |
| 2020 | +21.5% | +29.0% | +25.9% |
| 2021 | +27.4% | +45.4% | +40.5% |
| 2022 | +47.4% | +68.4% | +62.2% |
| 2023 | +56.6% | +71.4% | +71.5% |
| 2024 | +65.0% | +78.9% | +79.9% |
| 2025 | +63.9% | +80.3% | +85.0% |
| Period | Here | California | United States |
|---|---|---|---|
| In 2025 | −0.6% | +0.8% | +2.9% |
| 5 years (2020–2025) | +35% | +40% | +47% |
| 10 years (2015–2025) | +64% | +80% | +85% |
See each year's change
- 2020: −3.0%
- 2021: +4.8%
- 2022: +15.7%
- 2023: +6.2%
- 2024: +5.3%
- 2025: −0.6%
The index follows the prices of the same homes over time (sales and appraisals on loans bought or guaranteed by Fannie Mae and Freddie Mac). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Property tax
Property tax in Santa Clara County
In Santa Clara County, the typical owner pays $10,001 a year: about 0.67% of the home's value. That is close to the rest of California and less than the national average.
On the typical home ($1,490,600), that rate would be about $832 a month.
It is a Census estimate: what owners pay divided by their home’s value. Your bill depends on the assessment and the exemptions you claim.
Property tax
- Santa Clara 0.67%
- California 0.70%
- United States 0.94%
What California publishes Homeowners' exemption (California State Board of Equalization (BOE))
Figure your tax Exemptions and deadlines in CaliforniaCalculator
Figure your payment in Santa Clara County
It starts from the typical price, this week’s rate and the tax here. Change anything: your numbers stay in your browser.
Your numbers
Starts at the typical home value in Santa Clara County. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
That is $52,171 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details
Estimated monthly payment
Local data$12,267
at 7.18% · 30 years
- Loan amount
- $1,463,602
- Total interest
- $2,105,779
- Paid off in
- November 2056
Includes $25,173 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $3,833 a month
Tight
$3,833 to $4,928 a month
Hard
more than $4,928 a month
Your payment · 90%
Compared with the typical household income in Santa Clara County ($164,281 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
| Principal & interest | $9,915 |
|---|---|
| Property tax | $832 |
| Home insurance | $621 |
| FHA mortgage insurance (MIP) | $899 |
This loan is over the FHA limit
You'd borrow $1,438,429, but the FHA limit for a one-unit home in Santa Clara County is $1,249,125. You'd need a bigger down payment or a different loan.
How does it compare with incomes?
For this payment to be 28% of your income, you'd need to earn about $525,741 a year. With your other debts, to stay under 36%: about $408,910 a year.
You need at least $52,171 for the down payment, plus closing costs.
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.
Total monthly payment $12,267; principal and interest $9,915.
Down payment help
Programs that serve in Santa Clara County
These 4 statewide programs serve in Santa Clara County. Each program sets its own rules: check its official page.
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MyHome Assistance Program All of California
Up to 3.5% of the price
CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California
First-time buyers only. Run by California Housing Finance Agency (CalHFA). Verified November 5, 2026
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California Dream For All Shared Appreciation Loan All of California
Closed, per the source
Offered up to 20% of the price, capped at $150,000
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
First-time buyers only. Run by California Housing Finance Agency (CalHFA). Verified November 5, 2026
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MyAccess Program All of 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)
First-time buyers only. Run by California Housing Finance Agency (CalHFA). Verified November 5, 2026
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CalHFA Zero Interest Program (ZIP) All of California
CalHFA interest-free loan with deferred payments, only for the closing costs of first-time buyers who use the CalPLUS mortgage (FHA or conventional)
First-time buyers only. Run by California Housing Finance Agency (CalHFA). Verified November 5, 2026
Which programs do I qualify for? See all California programs
Housing counseling nearby
These agencies have an office in Santa Clara County. The full list is on the California counselors page. Official HUD list. Confirm hours and fees with the agency before you go.
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Habitat for Humanity East Bay/Silicon Valley - Milpitas
1608 Las Plumas Ave, San Jose · Spanish
- Budget and financial counseling
- Budget and credit workshops
- and 3 more
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Santa Clara County Asian Law Alliance
991 W Hedding St, San Jose · Spanish
Also serves in Cantonese, Mandarin Chinese, Korean, and Vietnamese.
- Fair housing pre-purchase workshops
- Homelessness services
- and 2 more
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Project Sentinel
1490 El Camino Real, Santa Clara
- Mortgage delinquency and default
- Mortgage delinquency workshops
- and 5 more
Guides
Guides to buying a home
- How to buy a home in the United States, step by step
- Down payment assistance: how it works
- How much do you need for a down payment?
- FHA loan: down payment, insurance, limits and who qualifies
- ITIN mortgages: what exists and what lenders ask for
- Closing costs explained: what you pay and what can change
- Buying a duplex or a home with an ADU to live with family
- HUD housing counselors: what they do and what they cost
Frequently asked questions
How much income do I need to buy a home in Santa Clara County?
At Freddie Mac’s 7.18% rate (November 5, 2026), an FHA loan with 3.5% down and the tax here, the payment would be about $12,267 a month. For it to be 28% of income, a household would need about $525,741 a year. The income needed is the one that keeps the payment at 28% of pre-tax income. It is a reference: each lender decides with your debts, your credit and your savings.
What is the FHA loan limit in Santa Clara County in 2026?
Santa Clara County has an FHA limit of $1,249,125 for a one-unit home. For 2 units it's $1,599,375, for 3 it's $1,933,200 and for 4 it's $2,402,625. It's a high-cost area, so the limit is above the national floor.
How much have home prices changed in Santa Clara County?
By FHFA’s house price index, home prices in Santa Clara County rose 64% from 2015 to 2025.
How much is property tax in Santa Clara County?
Santa Clara County has a typical property tax of $10,001 a year, about 0.67% of the home's value (Average 2020–2024, U.S. Census).
Is there down payment help in Santa Clara County?
These 4 statewide programs serve in Santa Clara County. Each program sets its own rules: check its official page.
Where can I find free help in Spanish to buy a home in Santa Clara County?
There are 3 HUD-approved counseling agencies in Santa Clara County; 2 say they serve in Spanish. They're listed on this page with their phone numbers.