Home Prices and Rents – Milpitas 95035

Home Prices and Rents – Milpitas 95035


Zillow Home Value Index

$890,600

The median home value in 95035 is $890,600. 95035 home values have gone up 5.5% over the past year and Zillow predicts they will fall -1.6% within the next year. The median list price per square foot in 95035 is $536, which is higher than the Milpitas  average of $535. The median price of homes currently listed in 95035 is $849,000. The median rent price in 95035 is $3,200, which is the same as the Milpitas median of $3,200.

Foreclosures will be a factor impacting home values in the next several years. In 95035 0.7 homes are foreclosed (per 10,000). This is the same as the Milpitas value of 0.7 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 95035 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 95035 homeowners underwater on their mortgage is 0.0%, which is the same as Milpitas at 0.0%.

Market Overview

Data through May 31, 2017
  • $890,600 ZHVI
  • -1.6% 1-yr forecast (May 31, 2018)
  • $849,000 Median listing price
  • No data Median sale price

Market Health

Data through May 31, 2017
  • 8.6/10 Very healthy
  • No data Average days on Zillow
  • 0.0% Homes with negative equity (0.1% US Avg) (Mar 31, 2017)
  • 0.0% Delinquent on mortgage (0.0% US Avg) (Mar 31, 2017)

 

Listings & Sales

Data through May 31, 2017
  • $536 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 2.6% Listings with price cut

 

Rentals

Data through May 31, 2017

Zillow Rent Index

  • $3,264 95035
    $3,264 Milpitas
    $1,426 United States
  • 4.5 Breakeven horizon (Sep 30, 2016)
  • $3,200 Rent list price
  • $2.34 Rent list price / sq ft