Cupertino Home Prices & Values

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ZILLOW HOME VALUE INDEX

$1,579,200

  • 11.1% 1-year change
  • 4.0% 1-year forecast

Oct 2013Nov 2014Nov 2015

MARKET TEMPERATURE

Warm

Buyers’ Market
Sellers’ Market

The median home value in Cupertino is $1,579,200. Cupertino home values have gone up 11.1% over the past year and Zillow predicts they will rise 4.0% within the next year. The median list price per square foot in Cupertino is $803, which is higher than the San Jose Metro average of $442. The median price of homes currently listed in Cupertino is $1,499,888 while the median price of homes that sold is $1,499,515. The median rent price in Cupertino is $3,168, which is higher than the San Jose Metro median of $2,720.

Foreclosures will be a factor impacting home values in the next several years. In Cupertino 0.4 homes are foreclosed (per 10,000). This is lower than the San Jose Metro value of 0.9 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cupertino is 0.0%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cupertino homeowners underwater on their mortgage is 1.3%, which is lower than San Jose Metro at 4.5%.