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Milpitas city, CA

ZIP 95035 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 95035

Median Home Value
$1,180,700
Median Rent
$2,916
Affordability Snapshot
$325,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,585/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

33.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 95035 in Milpitas city, CA, a household would need roughly $325,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,585. That is about 84% above the local median household income ($176,723), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.3%-9% vs US avg
x
Vacancy Rate
4.1%-61% vs US avg
x
Broadband Access
97.0%+11% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
15.1%-70% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$1,180,700
Home Value
$2,916
Rent
1987
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached46.1%
  • 1-unit attached19.6%
  • 2-9 units9.7%
  • 10+ units22.6%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,180,700
Median rent$2,916
Owner-occupied59.3%
Vacant4.1%
Price-to-income6.7x
Est. income to buy$325,000