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San Jose city, CA

ZIP 95116 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 95116

Median Home Value
$842,700
Median Rent
$1,891
Affordability Snapshot
$232,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,413/mo PITI).

27%
Rent-to-Income Ratio

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

10.1x
Home Price-to-Income Ratio

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

37.1 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 95116 in San Jose city, CA, a household would need roughly $232,000 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 $5,413. That is about 178% above the local median household income ($83,428), 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
39.5%-40% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
27.1%-45% vs US avg
x
Mortgage-Free
37.3%-2% vs US avg
x
$842,700
Home Value
$1,891
Rent
1973
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached38.3%
  • 1-unit attached17.4%
  • 2-9 units16.0%
  • 10+ units23.3%
  • Mobile home & other5.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$842,700
Median rent$1,891
Owner-occupied39.5%
Vacant3.8%
Price-to-income10.1x
Est. income to buy$232,000