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Milpitas, CA

Full City Profile · California · Alameda County County

3.5 /5.0
B+ Good
78,216 Population 5,802/sq mi density
$176,822 Median Income $67,448 per capita
$1,180,000 Home Value $1,480,234 Zillow
$3,112 Median Rent 24.8% income on rent
59°F Avg Temperature 326 sunny days/yr
124 Violent Crime/100K 2,663 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$176,822 median income, 2.8% unemployment
C+
Affordability
2.9 / 5.0
$1,180,000 home value, $3,112/mo rent
F
Safety
1.0 / 5.0
124 violent crimes/100K
A+
Education
5.0 / 5.0
58.6% bachelor's degree or higher

Housing Overview

Median Home Value
$1,180,000
319% above
US avg: $281,900
Median Rent
$3,112/mo
168% above
US avg: $1,163/mo
Homeownership Rate
59.3%
9% below US avg (65.4%)
Total Housing Units
25,252
Median year built: 1986

Home Value by Source

Census Median
$1,180,000
Zillow (ZHVI)
$1,480,234
Median Sale Price
$1,501,250
Median List Price
$1,248,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

59.3%
Owner-Occupied
40.7%
Renter-Occupied
59%
41%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,513/mo
1 Bedroom
$1,647/mo
2 Bedroom
$2,053/mo
3 Bedroom
$2,752/mo
4 Bedroom
$3,165/mo
Census median rent: $3,112/mo · Zillow rent: $3,348/mo

Market Indicators (Redfin)

Median Days on Market
11 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
34
Price Drops
21.2%
of listings with price reduction
Price Per Sq Ft
$866
Active Inventory
52
homes for sale

Affordability & Housing Stock

Rent Burden
24.8%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
59.3%

Complete Housing Data

Home Values

Census Median Value$1,180,000
Zillow Home Value (ZHVI)$1,480,234
Median Sale Price$1,501,250
Median List Price$1,248,000
Price Per Sq Ft$866

Rent

Census Median Rent$3,112
Zillow Rent (ZORI)$3,348
FMR Studio$1,513
FMR 1-Bedroom$1,647
FMR 2-Bedroom$2,053
FMR 3-Bedroom$2,752
FMR 4-Bedroom$3,165

Market

Days on Market11
Sale-to-List Ratio1.0%
Price Drops21.2%
Homes Sold34
Active Inventory52
Price Per Sq Ft$866

Ownership & Stock

Owner-Occupied59.3%
Renter-Occupied40.7%
Homeownership Rate59.3%
Total Housing Units25,252
Median Year Built1986
Rent Burden24.8%