San Jose appreciation rates and housing market information

San Jose housing market information

With 893,889 people, 281,706 houses or apartments, and a median cost of homes of $674,402, 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 57.49% of the city's housing units. Other types of housing that are prevalent in San Jose include large apartment complexes or high rise apartments (20.59%), row houses and other attached homes (9.78%), duplexes, homes converted to apartments, or other small apartment buildings (8.22%), and a few mobile homes or trailers (3.78%).

The most prevalent building size and type in San Jose are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 60.64% owning, and 37.48% renting.

There is a lot of housing in San Jose built from 1970-1994, 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 from 1940-1969 (39.22%). A lesser amount of the housing stock also hails from 1995 and later (7.73%), and some were built from 1939 and earlier (7.73%).

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 90.55%, which ranks in the top 30% nationwide. This equates to an annual average San Jose house appreciation rate of 9.05%.

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 -11.34%, 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 -2.31%, which equates to an annual appreciation rate of -9.24%.

Notably, San Jose's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that San Jose's latest annual appreciation rate is higher than 73% 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 1990, to assist you in making the best San Jose real estate investment or home purchase decisions.