A favorite destination of South Bay Area residents for the beautiful Alum Rock Park, Alum Rock is also known for a diverse real estate market. The median home price is $313,100, offering many real estate investment opportunities for those with a more limited income. Many of the homes date back to the 1940s and 1950s when first began development of the once predominately fruit orchard area. This unique community in Santa Clara also offers larger, updated homes courtesy of more recent developments. Particularly around the park, modern craftsman-style homes priced closer to $500,000 and above are available.