Morgan Hill, California.
Typical home $1,316,319 (+3.3% in a year), asking rent $3,797 (+5.8%). San Jose-Sunnyvale-Santa Clara, CA metro.
to buy the typical home at today's mortgage rate — +$3,532 (+105%) since Jan 2020.
- 1 year
- Up $42,064 +3%
- $1,274,255$1,316,319 since Sep 2025
- 5 years
- Up $168,207 +15%
- $1,148,112$1,316,319 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Morgan Hill$6,909
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 25 years.
Typical home values in Morgan Hill, CA rose 3.3% over the past year — faster than the nation's +1.2%.
Asking rents in Morgan Hill, CA rose 5.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Morgan Hill runs $5,257/mo more than renting one. The gap peaked at $5,665 in Jan 2025.
That is $9,054 a month against $3,797 rent: a $6,909 mortgage payment, plus $736 property tax and $1,409 insurance & upkeep.
Owning vs renting — Morgan Hill
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$9,054
- Renting$3,797
- Mortgage only$6,909
Property tax · $736/mo 0.67% of value a year — the ACS 2020-2024 median bill over the median home value for Santa Clara County, CA
Insurance & upkeep · $1,409/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Morgan Hill, Santa Clara County, California
Morgan Hill is a city of 45,483 people in Santa Clara County. Half its households earn more than $163,920 a year and half less, against $164,281 across Santa Clara County; 4% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Morgan Hill was 4.7% in August 2026, and Santa Clara County had 0.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Morgan Hill is a city in the southern part of Santa Clara County, with household incomes close to the county's, which are high. Most homes are lived in by their owners, and typical home values and rents are steep. Few residents live below the poverty line, and a good share of adults hold a four-year degree.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, in manufacturing and in the building trades. Among the largest workplaces in town are Morgan Hill Unified, the school district, along with Specialized Bicycle Components and Anritsu Company. Commutes run fairly long, and a fair number of people work from home.
Things to do. Anderson Lake, a reservoir, sits in or beside town. A short drive away are Henry W. Coe State Park, a large protected area, and Gilroy Gardens, an amusement park. Winters are mild and rarely snowy, summers are warm, and the year brings a modest amount of rain.
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- 14,865households
- 47%of adults have a degree
- 4%below the poverty line
- 34 mintypical commute
- 23%work from home
What residents work in
Employed residents by industry, from the Census survey. Santa Clara County had 1,119,582 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 60° and lows near 37°; warmest in July, with highs near 87° and lows near 54°. About 20 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Gilroy weather station, 10 miles away (NOAA).
Largest workplaces in Morgan Hill
- Morgan Hill UnifiedSchool district815FTE
- Specialized Bicycle ComponentsBicycles and parts manufacturing484
- Anritsu CompanyRadio and television broadcasting and wireless communications equipment manufacturing314
- CalDoor and DrawerDoors, wood and covered wood, manufacturing302
- Lusamerica FoodsFreezing fish296
- Mission Bell - FacilityArchitectural woodwork and fixtures manufacturing251
- TargetDiscount department stores173
- Marki MicrowaveSemiconductor devices manufacturing171
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 42 workplaces with 20 or more staff, 4,477 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesVery high
- Inland floodingVery high
- WildfireRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Morgan Hill’s census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Santa Clara County and the San Jose-Sunnyvale-Santa Clara, CA metro.
Morgan Hill home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Morgan Hill$1,316,319
- California$761,538
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Morgan Hill listings, and the typical home goes pending in 27 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Morgan Hill24.81%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Morgan Hill27
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Morgan Hill124
New listings per month
Sellers arriving at the market.
- Morgan Hill37
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Morgan Hill$1,397,119
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Morgan Hill100.48%
Zip codes with a Morgan Hill address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Morgan Hill — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.