NAR Releases Data Center Impact Report

The National Association of REALTORS® released its Data Center Impact Report, which found that California ranks 3rd in data center facilities, with 112. Santa Clara County has 75 data center facilities, or about 67% of the state’s total.

The report finds the counties with more data centers generally have higher home values, higher incomes, and stronger long-term growth than counties without, suggesting these centers may be linked to broader local benefits.

“There is no single data center effect. Instead, the story varies significantly depending on the local market,” said NAR Chief Economist Lawrence Yun. “The number of data centers alone does not tell us what will happen to home values, jobs, or utility costs.”

NAR does not have an official position on the data centers. The research in this report will help NAR better understand their potential impacts on housing, commercial real estate, local economies, and communities as the issue continues to evolve.