Home Prices and Rents – San Jose, CA 95129
Zillow Home Value Index
$1,553,700
The median home value in 95129 is $1,553,700. 95129 home values have gone up 0.4% over the past year and Zillow predicts they will fall -2.6% within the next year. The median rent price in 95129 is $3,962, which is higher than the San Jose median of $3,300.
Foreclosures will be a factor impacting home values in the next several years. In 95129 0.6 homes are foreclosed (per 10,000). This is greater than the San Jose value of 0.4 and also lower than the national value of 1.6
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 95129 is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 95129 homeowners underwater on their mortgage is 0.0%, which is lower than San Jose at 0.0%.
Market Overview
Data through May 31, 2017
- $1,553,700 ZHVI
- -2.6% 1-yr forecast (May 31, 2018)
- No data Median listing price
- No data Median sale price
Market Health
Data through May 31, 2017
- 7.4/10 Healthy
Rentals
Data through May 31, 2017
Zillow Rent Index
-
- 7.1 Breakeven horizon (Sep 30, 2016)
- $3,962 Rent list price
- $2.66 Rent list price / sq ft