San Jose housing market
Typical home value
$1.52M
▲ 0.2% 1 yr
Typical rent
$3,812/mo
▲ 8.3% 1 yr
12-month forecast
+1.9%
#287 of 546 metros
Gross rent yield
3.0%
#545 of 546 · U.S. 6.3%
Days to pending
36 days
■ 0 days 1 yr
Listings with a price cut
22%
▲ +2.1 pts 1 yr
Key takeaways
- 1The typical home is worth $1,523,615, up 0.2% in a year and up 16% over five years.
- 2Zillow forecasts home values rising 1.9% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $3,812/mo (+8.3% YoY), a 3.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $8,373/mo in principal and interest, $4,561 more than renting.
- 5Homes go under contract in 36 days (0 days vs last year); 22% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 58/100, #49 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How San Jose compares
| Measure | San Jose | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.2% | +1.2% | #426 |
| Home value, 5-yr change | +16.4% | +19.7% | |
| 12-month forecast | +1.9% | +1.1% | #287 |
| Rent, 1-yr change | +8.3% | +2.7% | #27 |
| Gross rent yield | 3.0% | 6.3% | #545 |
| Price-to-rent ratio | 33.3 | 15.8 | |
| Mortgage P&I on typical home | $8,373 | $2,012 | |
| Income needed to buy | $388,091 | $100,902 | |
| Days to pending | 36 | 56 |
Cities in the San Jose metro
14 cities with home value and rent data.
| San Jose | $1.35M | ▼ 0.5% | $3,582 | ▲ 7.5% | 3.2% |
| Sunnyvale | $2.01M | ▲ 1.0% | $3,972 | ▲ 10.3% | 2.4% |
| Santa Clara | $1.64M | ▲ 0.5% | $3,958 | ▲ 7.9% | 2.9% |
| Mountain View | $1.93M | ▲ 2.5% | $4,535 | ▲ 9.7% | 2.8% |
| Milpitas | $1.39M | ▼ 1.2% | $3,614 | ▲ 10.0% | 3.1% |
| Palo Alto | $3.59M | ▲ 5.9% | $4,558 | ▲ 10.3% | 1.5% |
| Gilroy | $1.04M | ▲ 1.0% | $3,099 | ▲ 4.1% | 3.6% |
| Cupertino | $2.96M | ▲ 2.9% | $4,307 | ▲ 9.1% | 1.7% |
| Hollister | $757K | ▲ 0.1% | $2,889 | ▲ 2.6% | 4.6% |
| Morgan Hill | $1.32M | ▲ 3.3% | $3,797 | ▲ 5.8% | 3.5% |
| Campbell | $1.84M | ▲ 2.7% | $3,433 | ▲ 7.7% | 2.2% |
| Los Gatos | $2.6M | ▲ 4.6% | $4,004 | ▲ 7.9% | 1.8% |
| Los Altos | $4.59M | ▲ 8.4% | $6,886 | ▲ 18.2% | 1.8% |
| Saratoga | $3.97M | ▲ 4.2% | $6,140 | ▲ 7.9% | 1.9% |
Run the numbers
Rental property calculator
Cash flow on a typical San Jose rental ($1.52M, $3,812/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical San Jose home.
Rent vs buy
Is it cheaper to rent or buy in San Jose?
Renting out a property in California? See deposit limits, late fee rules and notice periods.
Other California metros
Los Angeles, CA
$950K home$2,929 rent3.7% yield
▲ 1.3% 1 yr
San Francisco, CA
$1.12M home$3,445 rent3.7% yield
▲ 3.1% 1 yr
Riverside, CA
$580K home$2,533 rent5.2% yield
▲ 0.6% 1 yr
San Diego, CA
$927K home$2,967 rent3.8% yield
▲ 0.8% 1 yr
Sacramento, CA
$573K home$2,269 rent4.8% yield
■ 0.0% 1 yr
Fresno, CA
$404K home$2,052 rent6.1% yield
▲ 1.1% 1 yr
Bakersfield, CA
$360K home$1,822 rent6.1% yield
■ 0.0% 1 yr
Oxnard, CA
$870K home$2,955 rent4.1% yield
▲ 1.1% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.