Milpitas, CA is a desirable place to live due to its high median housing value of $1,242,900. This is significantly higher than the US median house value of $338,100 and shows that Milpitas is a desirable area. Despite this, house appreciation in Milpitas over the last year has only been 7.64%, slightly lower than the US average of 8.27%. This could be due to the already high housing cost or other factors making it difficult for house prices to rise further in Milpitas.
The median home cost in Milpitas is $1,242,900. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Milpitas is up 11.9%.
Average Age of Homes
- The median age of Milpitas real estate is 35 years old
The Rental Market in Milpitas
- Renters make up 34.2% of the Milpitas population
- 1.0% of houses and apartments in Milpitas, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.