North Valley, San Jose, CA—95131
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Valley, San Jose, CA
As of Oct '25, the median home price in North Valley, San Jose, CA is $1,320,000, with a year-over-year change of -4.0%. This indicates that home prices in North Valley, San Jose, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,320,000 | -4.0% |
| Single Family | $1,420,000 | -4.3% |
| Condos | $859,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $560,000 | -5.1% |
2 Bed | $863,000 | -5.5% |
3 Bed | $1,279,000 | -5.0% |
4 Bed | $1,501,000 | -4.0% |
| 5 Bed | $1,887,000 | -3.3% |
% of Housing Stock
Rental Trends — North Valley, San Jose, CA
As of July '25, Rentcast reports the average rent in North Valley, San Jose, CA is $3,490, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in North Valley, San Jose, CA is 1-bedrooms: $2,260, 2-bedrooms: $2,750, 3-bedrooms: $3,980, 4-bedrooms: $4,690. The most common rental property sizes in North Valley, San Jose, CA are 2-bedroom and 3-bedroom, accounting for 41.8% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $3,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,260 |
| 2 Bed Rent | $2,900 | $2,750 |
| 3 Bed Rent | $4,000 | $3,980 |
| 4 Bed Rent | $4,480 | $4,690 |
% of Rental Stock
Property Listings — North Valley, San Jose, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Valley, San Jose, CA is 38. This is a increase of 104.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,220,000 | 11.0% |
Listing Count | 40 | 30.0% |
| Listings as % of Homes | 0.1% | 30.0% |
Days on Market | 38 | 104.0% |
Demographics — North Valley, San Jose, CA
As of the latest ACS Survey released in 2023, North Valley, San Jose, CA has a population of 30,700, which has decreased by -1.4% over the past 5 years. North Valley, San Jose, CA is a moderately popular place for families, as children make up 18.2% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,700 | -1.4% |
% Under 18 | 18.2% | -2.2% |
% Seniors | 13.6% | 18.3% |
% WFH | 23.5% | 1,075.0% |
% w/ College Degree | 57.0% | 5.4% |
As of the latest ACS Survey released in 2023, North Valley, San Jose, CA is a predominantly asian area, with 69.8% of the population identifying as asian. The asian population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in North Valley, San Jose, CA is hispanic, making up 15.6% of the population. Foreign-born residents account for 56.6% of the population in North Valley, San Jose, CA, and this percentage has decreased by 0.4% 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 | 9.5% | -12.0% |
% Black | 1.3% | -50.0% |
% Hispanic | 15.6% | 2.0% |
% Asian | 69.8% | 1.7% |
% Foreign Born | 56.6% | -0.4% |
Mortgage and Risk — North Valley, San Jose, CA
According to HUD data as of 2023, there were 157 mortgage originations in North Valley, San Jose, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in North Valley, San Jose, CA. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — North Valley, San Jose, CA
As of 2024, the percent of homes in North Valley, San Jose, CA under the Section 8 program is 6.1%. 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. In North Valley, San Jose, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 219 |
Total Units Section 8 | 219 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $920 | $2,300 | $3,220 |
| 2 Bedroom | $830 | $2,900 | $3,730 |
| 3 Bedroom | $850 | $4,000 | $4,850 |
| 4 Bedroom | $800 | $4,480 | $5,280 |
Affordability — North Valley, San Jose, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $1,320,000 |
| Median Household Income | $170,000 |