This little-known Silicon Valley 'micro-hood' is suddenly one of the hottest housing markets in America - take a look

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This little-known Silicon Valley 'micro-hood' is suddenly one of the hottest housing markets in America - take a look

serra the dalles sunnyvale neighborhood homes 9676

Melia Robinson/Business Insider

The Sunnyvale home pictured is on the market for $1.69 million.

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Lots of people working in Silicon Valley can't afford to buy a home there.

As a housing shortage in the San Francisco Bay Area continues to drive prices sky-high, some homebuyers are turning their attention to a micro-neighborhood - called Serra - located between the headquarters of Google and Apple. It's also known by its main drag, The Dalles.

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This southwest corner of the town of Sunnyvale offers relatively affordable houses, proximity to major tech companies, and a small-town suburban feel. Still, Serra has flown under the radar, in part because few people know it exists. Google Maps doesn't even recognize the name.

Earlier this year, real-estate site Redfin named Serra the third hottest neighborhood of 2017. The site based the ranking on increases in internet traffic to listings in specific neighborhoods. Serra homes typically sell in under two weeks at 106% of the listing price.

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Here's what life is like in the neighborhood.