Central San Jose, San Jose, CA—95112
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central San Jose, San Jose, CA
As of Oct '25, the median home price in Central San Jose, San Jose, CA is $988,000, with a year-over-year change of -5.3%. This indicates that home prices in Central San Jose, San Jose, CA are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $988,000 | -5.3% |
| Single Family | $1,062,000 | -5.3% |
| Condos | $691,000 | -8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $589,000 | -7.1% |
2 Bed | $879,000 | -6.2% |
3 Bed | $1,080,000 | -5.3% |
4 Bed | $1,264,000 | -4.3% |
| 5 Bed | $1,389,000 | -3.7% |
% of Housing Stock
Rental Trends — Central San Jose, San Jose, CA
As of July '25, Rentcast reports the average rent in Central San Jose, San Jose, CA is $2,510, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Central San Jose, San Jose, CA is studios: $2,010, 1-bedrooms: $2,020, 2-bedrooms: $2,670, 3-bedrooms: $3,270, 4-bedrooms: $5,710. The most common rental property sizes in Central San Jose, San Jose, CA are 1-bedroom and 2-bedroom, accounting for 33.7% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,510 |
| Studio Rent | $1,850 | $2,010 |
| 1 Bed Rent | $1,990 | $2,020 |
| 2 Bed Rent | $2,540 | $2,670 |
| 3 Bed Rent | $3,360 | $3,270 |
| 4 Bed Rent | $4,850 | $5,710 |
% of Rental Stock
Property Listings — Central San Jose, San Jose, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Central San Jose, San Jose, CA is 46. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $810,000 | -4.0% |
Listing Count | 91 | 54.0% |
| Listings as % of Homes | 0.1% | 54.0% |
Days on Market | 46 | 21.0% |
Demographics — Central San Jose, San Jose, CA
As of the latest ACS Survey released in 2023, Central San Jose, San Jose, CA has a population of 56,800, which has decreased by -7.0% over the past 5 years. Central San Jose, San Jose, CA is a less popular place for families, as children make up 13.3% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,800 | -7.0% |
% Under 18 | 13.3% | -19.9% |
% Seniors | 11.7% | 30.0% |
% WFH | 16.6% | 286.0% |
% w/ College Degree | 39.2% | 8.6% |
As of the latest ACS Survey released in 2023, Central San Jose, San Jose, CA is a predominantly hispanic area, with 41.3% of the population identifying as hispanic. The hispanic population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Central San Jose, San Jose, CA is asian, making up 27.2% of the population. Foreign-born residents account for 34.2% of the population in Central San Jose, San Jose, CA, and this percentage has decreased by 3.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 22.1% | -4.7% |
% Black | 5.0% | 19.0% |
% Hispanic | 41.3% | -2.4% |
% Asian | 27.2% | 6.2% |
% Foreign Born | 34.2% | -3.9% |
Mortgage and Risk — Central San Jose, San Jose, CA
According to HUD data as of 2023, there were 295 mortgage originations in Central San Jose, San Jose, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Central San Jose, San Jose, CA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 295 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Central San Jose, San Jose, CA
As of 2024, the percent of homes in Central San Jose, San Jose, CA under the Section 8 program is 12.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Central San Jose, San Jose, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,884 |
Total Units Section 8 | 1,884 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,990 | $2,490 |
| 2 Bedroom | $350 | $2,540 | $2,890 |
| 3 Bedroom | $390 | $3,360 | $3,750 |
| 4 Bedroom | -$760 | $4,850 | $4,090 |
Affordability — Central San Jose, San Jose, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.8 |
| Median Home Price | $988,000 |
| Median Household Income | $89,600 |