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San Jose city, CA

ZIP 95123 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 95123

Median Home Value
$1,108,100
Median Rent
$2,780
Affordability Snapshot
$305,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,118/mo PITI).

24%
Rent-to-Income Ratio

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

8.1x
Home Price-to-Income Ratio

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

33.2 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 95123 in San Jose city, CA, a household would need roughly $305,000 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 $7,118. That is about 124% above the local median household income ($136,364), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.3%-8% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
96.1%+11% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
23.2%-53% vs US avg
x
Mortgage-Free
28.5%-25% vs US avg
x
$1,108,100
Home Value
$2,780
Rent
1976
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 detached51.9%
  • 1-unit attached12.2%
  • 2-9 units10.1%
  • 10+ units21.3%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,108,100
Median rent$2,780
Owner-occupied60.3%
Vacant3.1%
Price-to-income8.1x
Est. income to buy$305,000