Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$1,523,615+0.2% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$330,288About 2.0× the local median income ($164,958): hard to afford
Days on market37 daysAbout the same pace as a year ago
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in San Jose-Sunnyvale-Santa Clara, CA is worth $1,523,615, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $1,397,886, so the area is 9.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 37 days to sell, listings are up 23% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $330,288 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $164,958. Typical rent is $3,812 a month, or $4,785 for a house. In the latest IRS figures, 22,152 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$1,523,615
Change in 1 year
+0.2%
Overvalued %
+9.0%
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Fair home value
$1,397,886
Change in 5 years
+16.4%
Zillow forecast, next 12 months
+1.9%
Home value to income
9.2×
Monthly mortgage payment (20% down)
$8,257
Income needed to afford it
$330,288
Property tax rate
0.68%
Rent and investing
Typical rent
$3,812
Typical rent for houses
$4,785
Price-to-rent ratio
33.3×
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HUD Fair Market Rent, 2 bedrooms
$3,263
Gross rental yield
3.00%
Cap rate (estimate)
1.95%
Market activity
Listings vs a year ago
+23.3%
Days on market
37
Listings with a price cut
17.3%
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Homes for sale
2,094
Pending sales per 100 listings
39
Asking price per sq ft
$821
People and jobs
Median household income
$164,958
Population change (1 year)
+0.4%
Unemployment rate
4.9%
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Population
1,984,473
Income adjusted for cost of living
$149,418
Net moves in (IRS)
−22,152
Cost of living (US = 100)
110.4
Schools, risk and environment
School rating (1 to 10)
7.4
FEMA hazard risk score (0 to 100)
99.2
Unhealthy air days a year
0
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Flood risk score
98.7
Wildfire risk score
97.3
Walkability (1 to 20)
13.6
Road, rail and air noise
55 dB
Questions people ask
Is San Jose-Sunnyvale-Santa Clara, CA overvalued?
Home prices in San Jose-Sunnyvale-Santa Clara, CA are slightly above what local incomes have historically supported: fair value is about $1,397,886, so the area is 9.0% overvalued.
Is San Jose-Sunnyvale-Santa Clara, CA a buyer's or seller's market?
San Jose-Sunnyvale-Santa Clara, CA is a balanced market, leaning toward buyers: homes take about 37 days to sell, listings are up 23% from a year ago, 17% of listings have had a price cut.
Are home prices going down in San Jose-Sunnyvale-Santa Clara, CA?
Home values in San Jose-Sunnyvale-Santa Clara, CA are up 0.2% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in San Jose-Sunnyvale-Santa Clara, CA?
A household needs about $330,288 a year to afford the typical home in San Jose-Sunnyvale-Santa Clara, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $164,958.