The housing market in San Jose, CA is one of the most desirable locations for potential homeowners. The median value of a home in San Jose, CA is $1,184,400 which is more than three times the US median house value of $338,100. Not only that but the 1 year appreciation rate for houses in San Jose was 13.28%, more than 5 percent higher than the national average of 8.27%. This makes housing in San Jose a wise investment and great place to live for those looking to both increase their wealth and find a nice place to settle down.
The median home cost in San Jose is $1,184,400. Home appreciation the last 10 years has been 120.0%. Home Appreciation in San Jose is up 15.1%.
Average Age of Homes
- The median age of San Jose real estate is 42 years old
The Rental Market in San Jose
- Renters make up 41.0% of the San Jose population
- 1.9% of houses and apartments in San Jose, 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.