Mountain View, CA

Why Mountain View's Home Prices Continue to Rise

Valerie A. Bowers

Mountain View is a thriving city located in the San Francisco Bay Area of California. The city is home to numerous tech companies, including Google, LinkedIn, Mozilla, and Symantec. The city is renowned for its quality of life, excellent schools, vibrant culture, and convenience of living in the heart of Silicon Valley.

The housing market in Mountain View has experienced a surge in demand over the past few years, due in part to the influx of tech workers and business executives relocating to the region. The growth of tech giants such as Google has had a positive impact on the real estate market, with values increasing significantly in many areas of the city. Single-family homes are particularly desirable due to the low crime rate and excellent school districts that Mountain View offers.

In addition to homes, residents will find an abundance of rental properties available in Mountain View, though many are situated within luxury communities or complex high-rise buildings. Despite the competition, prices remain comparatively affordable in comparison to other Bay Area cities. Studios and one-bedroom apartments typically range from $2,500–$3,500 per month, while larger two- and three-bedroom units often run $4,500–$7,000.

The median listing price in Mountain View is currently around $2 million for single-family homes, according to Zillow. Prices have risen steadily over the past year, with year-over-year gains of 12.3 percent. As of August 2020, the median sales price for a single-family home was $1.67 million, up 5.4 percent from August 2019.

The housing market in Mountain View is expected to remain strong and competitive in the coming years, with demand continuing to outpace supply. With the city’s strong job market, desirable amenities, and nearness to the Bay Area, it is no surprise that so many people are looking to make their home in this vibrant and diverse city.

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