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 Aug '25, the median home price in North Valley, San Jose, CA is $1,318,000, with a year-over-year change of -2.0%. This indicates that home prices in North Valley, San Jose, CA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $568,000 | -5.0% |
2 Bed | $874,000 | -4.7% |
3 Bed | $1,277,000 | -4.1% |
4 Bed | $1,498,000 | -3.2% |
| 5 Bed | $1,898,000 | -1.9% |
Rental Trends — North Valley, San Jose, CA
As of Jul '25, the average rent in North Valley, San Jose, CA is $3,490, with a year-over-year rent change of -5.7%. 1-bedroom units average $2,260 (67.4%); 2-bedroom units average $2,750 (-16.9%); 3-bedroom units average $3,980 (-2.7%); 4-bedroom units average $4,690 (5.2%)
| 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 |
Property Listings — North Valley, San Jose, CA
As of Aug '25 and according to Realtor.com, the median days on market for a home in North Valley, San Jose, CA is 30. This is an increase of 36.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,300,000 | 0.0% |
Listing Count | 41 | N/A |
| Listings as % of Homes | 0.1% | N/A |
Days on Market | 30 | 36.0% |
Demographics — North Valley, San Jose, CA
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,700 | -1.4% |
% Under 18 | 18.2% | -2.2% |
| % Under 5 | N/A | N/A |
% Seniors | 13.6% | 18.3% |
% WFH | 23.5% | 1,075.0% |
% w/ College Degree | 57.0% | 5.4% |
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 the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in North Valley, San Jose, CA in that year was 157. 97.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 57.0%. Of those, 1.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in North Valley, San Jose, CA. Investor activity in North Valley, San Jose, CA is low, as 1.0% of all loans are originated by investors. In 2023, 4.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.
Mortgages
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
Total Loan Originations | 157 | N/A | N/A |
% Conventional Loans | 97.0% | N/A | N/A |
% Government Loans | 3.0% | N/A | N/A |
% Investor Loans | 1.0% | N/A | N/A |
% Second Loans | 1.0% | N/A | N/A |
% Cash Out Refinance | 4.0% | N/A | N/A |
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 homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.
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 | Metro Average | State Average |
|---|---|---|---|
| Home Price to Income Ratio | 7.2 | N/A | N/A |
| Median Home Price | $1,318,000 | N/A | N/A |
| Median Household Income | $170,000 | N/A | N/A |