Home Prices and Rents – San Jose, CA 95131

Home Prices and Rents – San Jose, CA 95131

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ZILLOW HOME VALUE INDEX

$908,600

The median home value in 95131 is $908,600. 95131 home values have gone up 9.5% over the past year and Zillow predicts they will rise 3.3% within the next year. The median rent price in 95131 is $3,195, which is lower than the San Jose median of $3,230.

Foreclosures will be a factor impacting home values in the next several years. In 95131 0.7 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 95131 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 95131 homeowners underwater on their mortgage is 0.0%, which is higher than San Jose at 0.0%.

 

95131 Market Overview

Data through Sep 30, 2017
  • $908,600 ZHVI
  • 3.3% 1-yr forecast (Sep 30, 2018)
  • No data Median listing price
  • No data Median sale price

 

95131 Market Health

Data through Sep 30, 2017
  • 9.8/10 Very healthy
  • 4.3% Homes with negative equity (10.4% US Avg)(Mar 31, 2017)
  • 0.2% Delinquent on mortgage (1.6% US Avg) (Mar 31, 2017)

 

95131 Rentals

Data through Sep 30, 2017
ZILLOW RENT INDEX
  • $3,305 – 95131
    $3,372 – San Jose
    $1,435 – United States
  • 4.4 Breakeven horizon (Sep 30, 2016)
  • $3,195 Rent list price
  • $2.19 Rent list price / sq ft