ZIP Code Market Report
95065 — Santa Cruz, CA
Data through February 2026 · Updated monthly
Avg Home Value
$1,310,121
▲ 1.2% year-over-year
Month-over-Month
-0.8%
▼ 0.8%
Single Family
$1,337,230
Condo / Co-op
$789,528
The average home value in the 95065 ZIP code (Santa Cruz, California) is $1,310,121 as of February 2026. Home prices are rising, up 1.2% compared to last year.
A 3-bedroom home in 95065 is valued at $1,319,399. Single-family homes average $1,337,230, while condos average $789,528.
The market in 95065 has a $650,421 spread between bottom-tier homes at $1,025,357 and top-tier homes at $1,675,778. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 95065 ZIP code will decrease 0.1% over the next 12 months, bringing the projected average to approximately $1,308,811. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Santa Cruz County market area in California. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Santa Cruz County report.
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Market Snapshot
95065 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $1,320,991 | $1,321,130 | $1,310,121 | ▼ 0.8% |
| Single Family Value | $1,320,464 | $1,331,832 | $1,337,230 | ▲ 1.3% |
Home Values
95065 Home Value Trend
Historical home values for ZIP code 95065. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 95065
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $985,915 |
| 3 Bedrooms | $1,319,399 |
| 4 Bedrooms | $1,583,070 |
Property Types
Home Values by Property Type in 95065
How different property types compare in this ZIP code.
All Homes
$1,310,121
Single Family
$1,337,230
Condo / Co-op
$789,528
Bottom Tier
$1,025,357
Top Tier
$1,675,778
Forecast
12-Month Home Value Forecast for 95065
Zillow projects home values in 95065 will decrease 0.1% over the next year, reaching approximately $1,308,811.
Current Value
$1,310,121
Projected Change
-0.1%
▼ 0.1%
Projected Value
$1,308,811
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 95065 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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