Investor-grade market analytics for Santa Cruz-Watsonville, California. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$1,091,457
+0.7% year-over-year
3.8%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Santa Cruz-Watsonville, CA is in a stabilization phase with 0.7% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability pressure is significant: the price-to-income ratio of 9.99x well exceeds the national average of 4.8x. Net negative migration (-1,309 returns/year) is reducing housing demand pressure. Climate risk is elevated (70/100), which may impact insurance costs and long-term property values. Rental yield of 3.77% is below average, suggesting this market is more suited for appreciation-driven strategies.
12-month projection (Zillow ZHVF model)
Santa Cruz-Watsonville, CA's primary climate exposure is flooding (70/100). The composite climate risk score of 70/100 (High) indicates overall risk which may increase insurance premiums and impact property values over time. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.