San Jose, CA
Santa Clara County · Pop. 969,655
Ranked #232 of 243 cities
14Crisis
Median Home Price
🏠$1.4M
3.0% YoY
Median Rent
🔑$3,100
2.5% YoY
Median Income
💰$128K
Rent Burden
📊31.0%
% of income to rent
Income to Buy
🏦$402K
annual income needed
Income to Rent
📝$124K
annual income needed
Price-to-Income
⚖️10.9x
Homeownership
🏡56.0%
Rent vs. Buy
Buy
$7,451/mo
Est. mortgage (7%, 20% down)
Need $402K/yr income
Rent
$3,100/mo
Median rent
Need $124K/yr income
How San Jose Compares
| Metric | San Jose | California | National |
|---|---|---|---|
| Home Price | $1.4M | $726K | $410K |
| Rent | $3,100 | $1,992 | $1,500 |
| Income | $128K | $96K | $75K |
| Rent Burden | 31.0% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in San Jose are 241% higher than the national average.
- • Rent is 107% higher than the national average.
- • You need an income of $402K to comfortably buy a home here.
- • The homeownership rate is 56.0%, compared to 65.0% nationally.