San Jose
California · Ranked #369 of 373 metros
15Crisis
💡
Housing in San Jose costs 9.1× the median income, above the national average of 4.5×. The median home price is $1.39M and median rent is $2,773/month. San Jose ranks #369 of 373 metros for affordability.
Median Home Price
🏠$1.4M
Need $388K income
Median Rent
🔑$2,773
Need $112K income
Housing Shortage
📉70,000
units needed
Building Permits
🔨7,500
annual
Median Income
💰$153K
Pop: 1,990,660
Rent Burden
⚠️33.0%
of renters paying >30%
Price Change (YoY)
📈+4%
Homeownership
🏡55.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | San Jose | National |
|---|---|---|
| Price-to-Income Ratio | 9.1x | 6.1x |
| Rent Burden | 33.0% | 31.5% |
| Homeownership Rate | 55.0% | 65.5% |
| YoY Price Change | +4% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 9.5% | 13.5% |
| Eviction Rate | 1.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +35.4%Since 2000: +176.1%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$2,621/mo
1 Bedroom$2,982/mo
2 Bedroom$3,483/mo
3 Bedroom$4,602/mo
4 Bedroom$5,010/mo
Zillow Market Data
Home Value (ZHVI)
$1.6M
1yr: -1.7%5yr: +29.0%
Rent (ZORI)
$3,431/mo
1yr: +5.0%5yr: +27.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$1.3M
Active Inventory
258
Days on Market
13
Sold Above List
69.6%
Price Drops
21.7%