Mortgage payment estimates, closing cost breakdowns, and homebuying data for San Jose, California.
Median Home Price
$1.3M
Population
1.0M
Avg Monthly Rent
$3,200
Property Tax Rate
0.73% *
* Property tax shown is the California state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in San Jose.
San Jose vs California Median
The median home price in San Jose is $1,280,000, which is 63% above the California state median of $785,000.
Mortgage Calculator — San Jose, CA
Pre-filled with San Jose median home price and California tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $1.3M home using California's 0.73% tax rate and $2,200/yr insurance.
5% Down
$9,357/mo
Down: $64,000
Loan: $1.2M
P&I: $7,686
Tax: $779
Insurance: $183
PMI: $709
10% Down
$8,915/mo
Down: $128,000
Loan: $1.2M
P&I: $7,281
Tax: $779
Insurance: $183
PMI: $672
20% Down (No PMI)
$7,434/mo
Down: $256,000
Loan: $1.0M
P&I: $6,472
Tax: $779
Insurance: $183
Income needed (28% rule): $319K/year with 20% down, $382K/year with 10% down.
Rent vs Buy in San Jose
Rent
$3,200/mo
vs
Buy (10% down)
$8,915/mo
Price-to-rent ratio: 33.3 — At a ratio above 20, renting may be more economical in San Jose for shorter stays. Buying costs $5,715 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in San Jose is $1,280,000, 63% above the California state median of $785,000. With a population of 1,013,240, San Jose is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in California average 0.73% annually. This moderate property tax rate means a $1,280,000 home in San Jose would carry roughly $779/month in property taxes. Homeowners insurance in California runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in San Jose is $3,200/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
San Jose is a higher-cost market. At $1.3M median, buyers need significant savings or strong income. Down payment assistance through California's CalHFA Dream For All program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in San Jose.