San Jose, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating San Jose Neighborhoods Since 2000




San Jose, CA Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

San Jose Housing Market Information

With a population of 1,026,908, 314,297 total housing units (homes and apartments), and a median house value of $828,100, 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 53.97% of the city's housing units. Other types of housing that are prevalent in San Jose include large apartment complexes or high rise apartments ( 24.76%), row houses and other attached homes ( 10.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.03%).

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 56.36% owning and 43.64% 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 ( 34.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.21%). There's also some housing in San Jose built before 1939 ( 5.11%).

San Jose Home Appreciation Rates

In the last 10 years, San Jose has experienced some of the highest home appreciation rates of any community in the nation. San Jose real estate appreciated 20.30% over the last ten years, which is an average annual home appreciation rate of 1.87%, putting San Jose in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Jose definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, San Jose's appreciation rate, at 5.69%, has been at or slightly above the national average. In the latest quarter, San Jose's appreciation rate has been 2.10%, which annualizes to a rate of 8.65%.

Relative to California, our data show that San Jose's latest annual appreciation rate is lower 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:
$828,100

San Jose, CA HOME PRICES

Value Range
> $1,424,000 9.7
$1,068,001 - $1,424,000 15.6
$712,001 - $1,068,000 33.7
$570,001 - $712,000 14.3
$427,001 - $570,000 12.0
$285,001 - $427,000 6.1
$142,001 - $285,000 3.1
$71,001 - $142,000 2.6
$0 - $71,000 2.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.87950114175303 17.989417989418

Number Of Homes And Apartments:
314,297

San Jose Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
88.75% 3.70% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,740 / per month

Homeownership Rate

Homeownership
Owners 56.36
Renters 43.64
Vacant 3.37

Housing Market Details

 

Age of Homes

AGE OF San Jose HOMES
2000 or Newer 11.2
1970 - 1999 49.2
1940 - 1969 34.5
1939 or Older 5.1

Types of Homes

TYPE OF San Jose HOMES
Single-Family 54.0
Townhomes 10.8
Small Apt. Buildings 7.0
Apt. Complexes 24.8
Mobile Homes 3.3
Other 0.1

Home Size

SIZE OF San Jose HOMES
No Bedroom 3.20
1 Bedroom 13.35
2 Bedrooms 24.80
3 Bedrooms 31.92
4 Bedrooms 21.79
5 or more bedrooms 4.94