Santa Ana’s housing market is experiencing notable shifts, reflecting broader trends in the region. As of mid-2026, the average home value in Santa Ana stands at approximately $871,417, marking a 1.9% increase over the past year. Homes typically go pending in around 18 days, indicating a relatively brisk market pace.
Market Trends
Over the three months ending May 2026, Santa Ana home prices rose by 6.6% compared to the same period last year, with a median sale price of $879,474. On average, homes sell after 45 days on the market, slightly longer than the 42 days observed last year. In May 2026, 218 homes were sold, a slight decrease from 226 in the previous year.
Rental Market Dynamics
The rental market in Santa Ana has also seen changes. As of June 30, 2026, the average rent is $2,785, reflecting a 1.8% year-over-year increase. This figure is notably higher than the national average rent of $1,965, underscoring the premium associated with living in the area.
Local Developments
Several significant housing developments are underway, aiming to address the community’s diverse needs:
The Living EmPower House
Located in a suburban office park, The Living EmPower House is an innovative off-grid, zero-carbon multifamily development designed for transactive energy and equitable housing. The project has secured substantial funding, including a $9 million Next EPIC Grant Construction Loan and an additional $5 million matching funds from the California Energy Commission.
Archways Santa Ana
Archways Santa Ana offers 85 units of affordable housing for individuals and families earning 30%-60% of the area median income. The development includes a mix of one- to four-bedroom homes, with a significant portion dedicated to permanent supportive housing for those experiencing homelessness. Amenities feature a community room, outdoor play structures, picnic areas, and community gardens.
Legacy Square
Legacy Square is a mixed-use development consisting of 93 residential units, 7,767 square feet of flex mixed-use space, and a 2,576 square foot community center. Ninety percent of the units are proposed as affordable to households earning less than 60% of the Area Median Income, with 33 units set aside for Permanent Supportive Housing. The development is strategically located near a future OC Streetcar stop, providing residents with convenient transportation options.
These developments reflect Santa Ana’s commitment to expanding housing options and addressing affordability challenges, contributing to the city’s evolving housing landscape.