Home Values in Santa Ana, California — 2026 Market Report
Updated March 2026 | Balanced Market | +3.8% YoY
The median home value in Santa Ana, California is $785,000 as of March 2026, which is above the national median of $400,000. Home values in Santa Ana have increased by 3.8% over the past year and 20.5% over the last five years. With a population of 309,441 and a median household income of $62,203, the price-to-income ratio stands at 12.6x, making Santa Ana affordable for the average household.
Santa Ana Housing Market Conditions
| Metric | Santa Ana | National Avg |
|---|---|---|
| Median Home Value | $785,000 | $400,000 |
| YoY Appreciation | +3.8% | +3.8% |
| 5-Year Appreciation | +20.5% | +22.4% |
| Price per Sq Ft | $603 | $222 |
| Days on Market | 54 days | 45 days |
| Months of Supply | 4.7 | 3.5 |
| List-to-Sale Ratio | 102% | 98.5% |
| Monthly Homes Sold | 228 | — |
| Foreclosure Rate | 0.66% | 0.3% |
Home Value Trends in Santa Ana
A homeowner who purchased at the median price of $651,452 five years ago in Santa Ana would have gained approximately $133,548 in equity, representing a 20.5% return on investment. Over the past year alone, the typical homeowner gained $28,738 in home equity.
Affordability in Santa Ana, CA
With a median household income of $62,203 and a median home price of $785,000, the price-to-income ratio in Santa Ana is 12.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $5,557 compared to estimated monthly ownership costs of $4,226 gives a rent-vs-buy ratio of 0.76. In Santa Ana, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Santa Ana
The effective property tax rate in California is 0.76%. On a home valued at $785,000, the estimated annual property tax bill is $5,966, or approximately $497/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Santa Ana is 145.2 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Santa Ana, CA?
The median home value in Santa Ana, California is $785,000 as of March 2026. Home values have changed +3.8% over the past year, with a 5-year appreciation of 20.5%.
Is Santa Ana a buyer's or seller's market?
Santa Ana is currently a balanced market with 4.7 months of housing supply. Homes spend an average of 54 days on market, and the list-to-sale price ratio is 102%. Supply and demand are relatively balanced.
Are home values going up in Santa Ana?
Yes, home values in Santa Ana have increased by 3.8% over the past year. The 5-year appreciation rate is 20.5%, meaning a home worth $651,452 five years ago is now worth $785,000.
Is it better to rent or buy in Santa Ana?
The average monthly rent in Santa Ana is $5,557, while estimated monthly homeownership costs are approximately $4,226. The price-to-rent ratio is 11.8. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Santa Ana, California is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.