There are currently 233,580 real estate properties in San Jose, CA, with a median automated valuation model (AVM) price of $1,465,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in San Jose, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in San Jose, CA, is $1,535,341.00, with the most expensive house in San Jose, CA, topping out at $81,890,400.00 and the cheapest home in San Jose, CA, clocking in at $101,000.00. In other words, there’s something for every potential homebuyer or savvy investor in San Jose, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in San Jose, CA, is on a rollercoaster ride. The average rent price in San Jose, CA, is $3,126.00. Indeed, when looking to rent in San Jose, CA, you can expect to pay as little as $1,300.00 or as much as $7,500.00, with the average rent median estimated to be $3,030.00. The good news is that finding an affordable and desirable property to rent in San Jose, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
San Jose is located in Santa Clara, California, with an estimated municipal population of 1,021,795 residents. All of the best foreclosed homes for sale in San Jose are located in the following zip code areas on Foreclosure.com: 95118 95128 95124 95125 95123 95008 95002 95117 95116 95111 95110 95113 95112 95119 95126 95127 95120 95121 95148 95133 95132 95131 95130 95136 95135 95134 95139 95138 95037 95013 95129 95122 95101 95103 95106 95109 95115 95141 95150 95151 95153 95154 95155 95156 95157 95158 95159 95160 95161 95164 95172 95173 95190 95191 95192 95193 95194 95196. The estimated population per square kilometer (.62 miles) in San Jose is 2,218.
So, about how much do homes cost in San Jose? The most recent median value of resident-owned homes in San Jose is 863,597. An estimated 56.8 percent of households in San Jose own their homes, with an average family size of 3.57. The median household income in San Jose is 109,593, with54.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in San Jose, the median commute time of resident workers (in minutes) is 30.9. And last, but certainly not least, are you looking for homes to rent in San Jose? If so, the average rent price paid by renters in San Jose is 2,107, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to San Jose, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in San Jose is 36.7, split between 50.5 percent male versus 49.5 female. The percentage of residents who report being married in San Jose is 51, with an average family size of 3.57.
The percentage of residents who report their race in San Jose is as follows:
| White | 39.9% |
| Black / African American | 3% |
| Asian | 35.9% |
| American Indian / Alaskan Native | 0.6% |
| Native Hawaiian / Other Pacifc Islander | 0.5% |
| Multi-racial | 5.3% |
| Other | 14.8% |
Looking for family-friendly neighborhoods in and/or near San Jose? Or maybe you are searching for 55+ active adult communities in and/or near San Jose?
The percentage of residents who report their age in San Jose is as follows:
| Under 10 | 12.2% |
| Aged 10-19 | 12.3% |
| 20s | 14.7% |
| 30s | 15.4% |
| 40s | 14.2% |
| 50s | 13.1% |
| 60s | 9.7% |
| 70s | 5.3% |
| 80+ | 3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in San Jose with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in San Jose.
How do you know that living in -- or moving to -- San Jose is right where you need to be? Perhaps you grew up in San Jose or already live nearby; therefore, the decision to buy a home in San Jose is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to San Jose for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in San Jose:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like San Jose.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in San Jose can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in San Jose, meanwhile, can field multiple offers from more qualified buyers.
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