Capitola, CA housing market
Typical home value
$1.23M
▲ 7.5% 1 yr
Typical rent
$3,459/mo
▲ 4.2% 1 yr
Gross rent yield
3.4%
U.S. 6.3%
5-year home value change
+15%
U.S. +20%
Key takeaways
- 1The typical home in Capitola is worth $1,228,511, up 7.5% over the past year and up 15% over five years.
- 2Typical rent is $3,459 a month (+4.2% YoY), a gross rent yield of 3.4% (below the Santa Cruz, CA metro's 3.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $6,751/mo, $3,292 more than typical rent.
- 4Zillow forecasts the Santa Cruz, CA metro's home values to change +0.3% over the next 12 months.
Market temperature (Santa Cruz, CA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 40/100, #274 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Capitola compares
| Measure | Capitola | Santa Cruz, CA metro | United States |
|---|---|---|---|
| Typical home value | $1,228,511 | $1,136,154 | $366,157 |
| Home value, 1-yr change | +7.5% | +4.8% | +1.2% |
| Typical rent | $3,459 | $3,469 | $1,932 |
| Rent, 1-yr change | +4.2% | +3.6% | +2.7% |
| Gross rent yield | 3.4% | 3.7% | 6.3% |
| Price-to-rent ratio | 29.6 | 27.3 | 15.8 |
| Mortgage P&I, typical home | $6,751 | $6,244 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Capitola rental, pre-filled.
Rent vs buy in Capitola
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $1.23M home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the Santa Cruz, CA metro
Santa Cruz, CA
$1.34M home$3,418 rent
▲ 5.8% 1 yr
Watsonville, CA
$813K home$3,332 rent
▲ 1.5% 1 yr
Aptos, CA
$1.32M home$4,226 rent
▲ 2.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.