The story of this market
The typical home in ZIP 95046 sells for about $1,700,000, or $936 per square foot.
Prices are up +44.5% from a year ago, so sellers still have some momentum. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $2,800 a month.
ZIP 95046 — San Martin
The San Martin housing market is characterized by high-value, large-lot properties with limited inventory. Prices have seen significant year-over-year growth, reflecting the area's desirability as a semi-rural enclave within commuting distance of Silicon Valley. Rental data and specific months of supply are not currently published for this ZIP code.
This ZIP is best suited for family buyers and those seeking semi-rural living with large lot sizes while maintaining access to Silicon Valley employment hubs.
Median prices moved up 44.5% year over year.
Homes spend a median of 56 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 5.0% — a stable, low-distress profile.
ZCTA 95046, Santa Clara County, CA
Schools serving the area are generally associated with the Morgan Hill Unified School District, which maintains a range of performance ratings typical of the Santa Clara County region.
The area is subject to standard California wildfire and seismic risk disclosures common to Santa Clara County.
The area is characterized by semi-rural residential development with proximity to the economic hubs of Morgan Hill and San Jose.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents typically commute via U.S. Route 101 toward employment centers in Morgan Hill, San Jose, and the broader Silicon Valley.
The area features access to outdoor amenities including Coyote Lake-Harvey Bear Ranch County Park and various local equestrian trails.
The rental market is limited, consisting primarily of single-family homes with low vacancy pressure.
The local economy is influenced by the agricultural heritage of the Santa Clara Valley and proximity to the high-tech industrial base of Silicon Valley.
Transportation is heavily reliant on private vehicles via the U.S. 101 corridor, with limited public transit options.
Development is primarily focused on low-density residential and agricultural preservation.
The Santa Clara County Assessor manages property valuations in accordance with state constitutional mandates.
Parcels are subject to Santa Clara County property tax levies and local school district assessments.
Property insurance premiums are influenced by regional wildfire risk assessments common to the Santa Clara County foothills.
Data retrieved from California Hometown Locator and Census Reporter.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Gilroy Gardens Family Theme Park4.56.7 mi
- Casa de Fruta4.612.8 mi
- Altitude Trampoline Park San Jose3.716.7 mi
- Golfland San Jose4.319.4 mi
- Morgan Hill Aquatics Center4.53.5 mi
- Gilroy Gardens Family Theme Park4.56.7 mi
- The Plex4.417 mi
- Uvas Canyon County Park4.712.2 mi
- Cinnabar Hills Golf Club4.711.1 mi
- Coyote Creek Golf Club4.39.8 mi
- Gilroy Gardens Family Theme Park4.56.7 mi
- Henry W. Coe State Park4.66.4 mi
- Mt. Madonna County Park4.810 mi
- Calero County Park4.611.8 mi
- Christmas Hill Park4.56.9 mi
- Mission San Juan Bautista4.717.4 mi
- New Almaden Quicksilver Mining Museum4.614.8 mi
- Pinto Lake City Park4.314.8 mi
- San Juan Bautista State Historic Park4.617.5 mi
- Lick Observatory Visitor Gallery4.717.4 mi
- Uvas Canyon County Park4.712.2 mi
- Henry W. Coe State Park4.66.4 mi
- Mt. Madonna County Park4.810 mi
- Thousand Trails Morgan Hill RV Resort3.85.9 mi
- Calero County Park4.611.8 mi
- Cinnabar Hills Golf Club4.711.1 mi
- Coyote Creek Golf Club4.39.8 mi
- Eagle Ridge Golf Club4.16.9 mi
- Spring Hills Golf Course4.512.9 mi
- Gilroy Golf Course4.16.3 mi
- Gilroy Premium Outlets4.34.9 mi
- Casa de Fruta4.612.8 mi
- Safeway4.25.7 mi
- Safeway4.34.2 mi
- T.J. Maxx4.34.1 mi
- San Jose Mineta International Airport4.427 mi
- The Club at SJC A154.327.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park offering hiking, boating, and equestrian trails.
General aviation facility serving the local area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).