San Jose Real Estate

Real Estate Market

Despite the city’s extreme housing prices, the market for home sales and rentals is still climbing. In its time, the San Jose housing market has been rated the most expensive in the country and the fifth most expensive in the world. Single-family units represent the majority of the housing. Homeowners account for more than half of the population. San Jose is the 3rd-most expensive place to rent in the U.S. Then there are the property taxes, which one of the primary reasons that people give for leaving the area.

There is plenty of good property for sale all across the area for those on high salaries. Some neighborhoods tipped as cheaper options, comparatively speaking, are Edenvale, which is just south of the center, Almaden Valley, which is further south and has a relaxed atmosphere, and Burbank, which is conveniently located just east of Downtown.

• Median Home Price: $935,000
• Average Rent Price: $2,730

Property sales figures source: the Santa Clara County REALTORS®, January 2019, and PropertyShark data for January 2019. 

Education

The San Jose Unified School District covers much of the city and employs more than 3,000 full-time in 41 schools in which approximately 30,000 students are enrolled. There are also many schools run by religious organizations. San Jose has been ranked as having the third-most educated population in the U.S

The largest university here is San Jose State University with an enrollment of 30,000 and a reputation for being one of the top public colleges in the Western U.S. Private higher education schools here include Cogswell College and International Technological University, and in the wider metro area Santa Clara University and Stanford University can be found.