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San Jose city, CA

ZIP 95118 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 95118

Median Home Value
$1,377,000
Median Rent
$2,395
Affordability Snapshot
$379,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$8,845/mo PITI).

19%
Rent-to-Income Ratio

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

9.3x
Home Price-to-Income Ratio

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

47.9 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 95118 in San Jose city, CA, a household would need roughly $379,000 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 $8,845. That is about 155% above the local median household income ($148,438), 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
63.0%-4% vs US avg
x
Vacancy Rate
5.1%-50% vs US avg
x
Broadband Access
95.4%+10% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
0.7%-95% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
24.9%-50% vs US avg
x
Mortgage-Free
30.8%-19% vs US avg
x
$1,377,000
Home Value
$2,395
Rent
1968
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached65.3%
  • 1-unit attached6.2%
  • 2-9 units14.7%
  • 10+ units13.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,377,000
Median rent$2,395
Owner-occupied63.0%
Vacant5.1%
Price-to-income9.3x
Est. income to buy$379,000