San Jose Housing Market: Home Prices & Rent
San Jose home values since 2000
Last few years
Rent in San Jose
Owning vs renting, monthly
Buying the typical San Jose home with 20% down at this week's 7.32% 30-year rate costs about $10,277/month (principal, interest plus ~1.5% a year for tax and insurance) vs $3,812/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
San Jose vs California vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $1.52M | +0.2% | $3,812/mo |
| California | $762k | +0.6% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in San Jose?
No - the typical San Jose-area home value is up 0.2% over the past 12 months, at $1.52M (September 2026). Values are 4% below their January 2025 peak of $1.59M.
Is the San Jose housing market crashing?
Home values are 4% below their January 2025 peak and up 0.2% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in San Jose?
Typical rent in the San Jose metro is $3,812 a month (September 2026), +8.3% over 12 months.
How much income do you need to buy a home in San Jose?
About $388k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Los Angeles, CA · San Francisco, CA · Riverside, CA · San Diego, CA · Sacramento, CA · Fresno, CA · Oxnard, CA · Honolulu, HI · New York City, NY · Boston, MA
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the San Jose, CA metro area. How we calculate.