The story of this market
The typical home in ZIP 95037 sells for about $1,379,688, or $634 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,452 a month.
ZIP 95037 — Morgan Hill
The Morgan Hill housing market is currently experiencing a cooling phase as inventory levels adjust and buyer demand moderates. While median prices remain high, the market is showing signs of stabilization with a slight seller's advantage in specific segments. High interest rates and regional economic shifts continue to influence overall transaction volume.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to Silicon Valley employment, offering a balance of outdoor recreation and community-oriented living.
Median prices moved down 2.5% year over year.
Homes spend a median of 16 days on market with 3.1 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 5.2% · poverty 4.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 95037, Santa Clara County, CA
Morgan Hill generally experiences lower crime rates compared to larger urban centers in the San Francisco Bay Area, with property crime being the primary concern.
The area is served by the Morgan Hill Unified School District, which maintains a mix of schools with varying performance ratings, generally considered stable and community-focused.
The region faces moderate wildfire risk due to its proximity to wildland-urban interface areas and is subject to standard California seismic and flood disclosure requirements.
Economic momentum is driven by its role as a residential hub for Silicon Valley commuters, with ongoing development in mixed-use and residential projects near the downtown core.
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 primarily commute north toward San Jose and Silicon Valley via US-101 or the Caltrain commuter rail line, with average commute times reflecting regional traffic patterns.
The area features extensive outdoor amenities including Anderson Lake County Park, Henry W. Coe State Park, and various local golf courses and community trails.
The rental market is characterized by high demand from professionals working in the tech sector, with limited vacancy and a mix of single-family and apartment-style inventory.
The economy is heavily influenced by the broader Silicon Valley tech sector, with many residents employed in high-tech, manufacturing, and professional services.
Transportation is centered on the US-101 corridor and the Caltrain station, providing essential links to San Jose and the greater Bay Area.
Development is focused on downtown revitalization and the expansion of residential capacity in the city's periphery.
The Santa Clara County Assessor manages property valuations, adhering to Proposition 13 guidelines for assessment caps.
Parcels are subject to various special districts including school bonds, water management, and local utility assessments.
Property insurance premiums are rising due to regional wildfire risk, with many carriers tightening underwriting standards.
Net domestic migration to the region remains influenced by housing affordability and the prevalence of remote work.
California operates as a non-judicial foreclosure state, with specific notice and cure periods defined by state law.
Sellers are required to provide comprehensive disclosures regarding property condition, natural hazards, and environmental factors.
Data retrieved from data.census.gov for ZCTA 95037.
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 Park4.514.6 mi
- Casa de Fruta4.619.4 mi
- Happy Hollow Park & Zoo4.517 mi
- Children's Discovery Museum of San Jose4.618.6 mi
- Round1 Bowling & Arcade - San Jose414.7 mi
- SAP Center4.619.2 mi
- Gilroy Gardens Family Theme Park4.514.6 mi
- Sharks Ice at San Jose4.617 mi
- San Pedro Square Market4.619 mi
- Happy Hollow Park & Zoo4.517 mi
- Sikh Gurdwara San Jose4.912.5 mi
- The Plex4.412.1 mi
- Lick Observatory4.79.1 mi
- Altitude Trampoline Park San Jose3.712.2 mi
- Henry W. Coe State Park4.63 mi
- Children's Discovery Museum of San Jose4.618.6 mi
- The Tech Interactive4.418.6 mi
- San Jose Museum of Art4.118.7 mi
- California Theatre4.718.4 mi
- Mexican Heritage Plaza4.617.6 mi
- Henry W. Coe State Park4.63 mi
- Thousand Trails Morgan Hill RV Resort3.812.2 mi
- Joseph D. Grant County Park4.611.3 mi
- Ramac Park4.312.2 mi
- Calero County Park4.610.3 mi
- Cinnabar Hills Golf Club4.79.9 mi
- Coyote Creek Golf Club4.36.8 mi
- Santa Teresa Golf Club4.210.7 mi
- Safeway4.312.3 mi
- Safeway4.36.9 mi
- Marshalls4.112.2 mi
- T.J. Maxx4.38.1 mi
- Ross Dress for Less4.110.7 mi
- San Jose Mineta International Airport4.421.5 mi
- The Club at SJC A154.321.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large reservoir park offering boating, fishing, and hiking.
Expansive wilderness area for hiking and mountain biking.
Central district with restaurants, boutiques, and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.