Market Overview
Home Prices in San Martin, CA
The median home value in San Martin, CA is $1,604,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in San Martin are priced291% above average. San Martin is part of the San Jose-Sunnyvale-Santa Clara, CA metro area.
Over the past five years, San Martin home values have risen by approximately13.6%, reflecting steady appreciation in this market.
Price History
San Martin Home Price Trend
City Comparison
San Martin vs. National Median
At $1,604,786, homes in San Martin cost 291% above the national median of $410,000. Buyers in San Martin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in San Martin?
20% Down Payment
$320,957
on $1,604,786
Monthly P&I
$8,370/mo
30-yr @ 6.8%
Total Monthly Est.
~$10,630/mo
incl. taxes & insurance
Income Needed
$425,200
gross annual (30% rule)
10% Down Option
$160,479
+ PMI applies
Loan Amount (20% dn)
$1,283,829
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in San Martin, CA?
The median home value in San Martin is $1,604,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in San Martin?
Over the past year, home values in San Martin have increased by 3.6%. Over five years, prices have risen approximately 13.6%.
How much do I need to earn to buy a home in San Martin?
To comfortably afford the median home price of $1,604,786 with a 20% down payment ($320,957) at today's rates (6.8%), you'd need a gross annual income of approximately $425,200. This assumes keeping total housing costs at or below 30% of gross income.
How does San Martin compare to the national average home price?
The national median home value is approximately $410,000. At $1,604,786, homes in San Martin are 291% above the national average.
What metro area is San Martin part of?
San Martin is part of the San Jose-Sunnyvale-Santa Clara, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.