According to statistics, the population in San Jose, CA amounts to 1,030,119, which shows decline -1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $113,036, shifting growth 8% from the past year, and the average property value in San Jose, CA growth 13% to $968,500 throughout the year.
|Number Of Employees||544,945|
|Median Property Value||$968,500|
The average household income in San Jose, CA grew from $104,675 to $113,036 in the past year. This data is an estimate based upon 327,848 households in San Jose, CA . The chart below presents how household income is distributed in San Jose, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in San Jose, CA shifted from $854,700 to $968,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in San Jose, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of San Jose, CA properties falls in the '$1,000,000 to $1,499,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in San Jose, CA compared to median property taxes around the country. The prevalent amount of property taxes in San Jose, CA equals $3000, which is less than the national average.
|May||vs Last Month|
|4+ bed apartments||$1,894,056||+0.8%|
During May 2023, the average price for an apartment in/near San Jose, CA increased by 3.5% to $1,349,614.
Knowing the current property prices is key if you plan to buy a studio in San Jose, CA. The average price for a studio has decreased since the last month, currently being $334,516. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 9.5% to $556,526. Asking price for 2-bed apartment also increased by 5.3% and a place of this size will now cost you $864,965. A 3-bed apartment goes for $1,365,514, it increased by 4.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.8% and made it up to $1,894,056.
|May||vs Last Month|
|Condos for sale||$840,023||-3.5%|
|Houses for sale||$1,662,194||+2.3%|
|Apartments for sale||$322,949||+18.6%|
The average cost of an apartment in San Jose, CA rised by 18.6% to $322,949. Price reports demonstrate that house price increased by 2.3% this month making it up to $1,662,194. Condos faced an upward trend these days. The median price for a condo decreased by 3.5%, it’s now available for $840,023.