What does it cost to own a luxury home near Cupertino? Inside Silicon Valley's expensive real estate market, where Apple's headquarters is located

John Ternus became Chief Executive Officer of Apple on September 1, 2026. He succeeded Tim Cook, who became executive chairman. Ternus had joined the technology giant in 2001 and previously served as senior vice president of Hardware Engineering. Meanwhile, Cupertino, California is home to Apple's headquarters and has a high-priced residential property market.

All about Cupertino

Cupertino is known as Apple's headquarters location and is a city in Santa Clara County. Cupertino attracts professionals working in technology and related industries, alongside families drawn to its schools and residential neighbourhoods.

Its appeal includes its schools, residential neighbourhoods, access to technology employment and location in the San Francisco Bay Area. Buyers therefore pay for more than proximity to a corporate campus.

Cost of home in Cupertino

A Houseberry report from September 2026 reported Cupertino's median home price at approximately $3.28 million in May 2026. According to the report, Cupertino was approximately $660,000 more expensive than Sunnyvale and $1.31 million more expensive than Santa Clara.

Meanwhile, another report from Aegis Luxury Real Estate, based on MLSListings data, put Cupertino's September median sale price at $3.09 million. It recorded 18 complete sales during September, with homes selling in a median of 10 days. The average sale price was $3.13 million, up 23.7% year over year.

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How expensive is Cupertino compared to Santa Clara County?

Aegis Luxury Real Estate reported Cupertino's September median sale price of $3.09 million 89.1% higher than Santa Clara County's median of $1.64 million.

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Housing supply and the cost of living

Houseberry reported that Cupertino had been allocated 4,588 housing units under its 2023-2031 housing allocation and had permitted 144 units as of December 2024. High home prices add to the cost of living for residents, including people seeking to live near major Silicon Valley employers.