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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



San Jose, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

San Jose, CA Housing Market Trends

With 971,233 people, 324,842 houses or apartments, and a median cost of homes of $1,276,628, San Jose house prices are not only among the most expensive in California, San Jose real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in San Jose, accounting for 51.39% of the city's housing units. Other types of housing that are prevalent in San Jose include large apartment complexes or high rise apartments ( 27.29%), row houses and other attached homes ( 11.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.38%).

The most prevalent building size and type in San Jose are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.94% owning and 45.06% renting.

There is a lot of housing in San Jose built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in San Jose built between 1940-1969 ( 31.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.70%). There's also some housing in San Jose built before 1939 ( 5.17%).

San Jose Home Appreciation Rates

Appreciation rates for homes in San Jose have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.82%, which ranks in the top 40% nationwide. This equates to an annual average San Jose house appreciation rate of 6.62%.

Over the last year, San Jose appreciation rates have trailed the rest of the nation. In the last twelve months, San Jose's appreciation rate has been 4.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Jose were at 0.87%, which equates to an annual appreciation rate of 3.54%.

Relative to California, our data show that San Jose's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within San Jose differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Jose - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best San Jose real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,276,628

San Jose, CA Home Prices
> $1,174,000
$881,001 - $1,174,000
$587,001 - $881,000
$470,001 - $587,000
$352,001 - $470,000
$235,001 - $352,000
$117,001 - $235,000
$59,001 - $117,000
$0 - $59,000
57.3%
57.3%
21.8%
21.8%
10.4%
10.4%
1.9%
1.9%
1.8%
1.8%
2.3%
2.3%
2.2%
2.2%
0.9%
0.9%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

324,842

San Jose Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,098 / per month

Homeownership Rate

Owners
Renters
54.9%
54.9%
45.1%
45.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.7%
16.7%
46.1%
46.1%
32.0%
32.0%
5.2%
5.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.4%
51.4%
11.4%
11.4%
6.4%
6.4%
27.3%
27.3%
3.5%
3.5%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.3%
5.3%
13.2%
13.2%
24.8%
24.8%
30.4%
30.4%
21.5%
21.5%
4.8%
4.8%
0% 100.0%
% of Homes