Cities with the most expensive homes in San Jose metro area

Written by:
August 15, 2022
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Cities with the most expensive homes in San Jose metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of August 11, 2022, the 30-year fixed mortgage rate sits at 5.42%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by +14.9% to $357,810.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.

Stacker compiled a list of cities with the most expensive homes in San Jose using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of September 2022. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 26 cities and towns with data available were included in the list. Charts for each city show the monthly typical home value since January 2018.

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#26. Hollister, California

- Typical home value: $834,626
- 1-year price change: +4.2%
- 5-year price change: +48.5%

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#25. San Juan Bautista, California

- Typical home value: $915,241
- 1-year price change: +6.1%
- 5-year price change: +52.1%

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#24. Buena Vista, California

- Typical home value: $923,674
- 1-year price change: +3.0%
- 5-year price change: +42.3%

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#23. Alum Rock, California

- Typical home value: $933,800
- 1-year price change: +2.9%
- 5-year price change: +41.9%

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#22. Seven Trees, California

- Typical home value: $958,091
- 1-year price change: +0.4%
- 5-year price change: +42.2%

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#21. Gilroy, California

- Typical home value: $1,044,292
- 1-year price change: +7.2%
- 5-year price change: +45.3%

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#20. Sunol-Midtown, California

- Typical home value: $1,139,631
- 1-year price change: +1.2%
- 5-year price change: +37.1%

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#19. Morgan Hill, California

- Typical home value: $1,315,317
- 1-year price change: +8.4%
- 5-year price change: +47.0%

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#18. East Foothills, California

- Typical home value: $1,346,852
- 1-year price change: +7.2%
- 5-year price change: +54.6%

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#17. San Jose, California

- Typical home value: $1,360,728
- 1-year price change: +6.4%
- 5-year price change: +46.5%

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#16. Milpitas, California

- Typical home value: $1,371,756
- 1-year price change: +6.7%
- 5-year price change: +47.2%

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#15. San Martin, California

- Typical home value: $1,407,913
- 1-year price change: +3.3%
- 5-year price change: +45.1%

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#14. Lexington Hills, California

- Typical home value: $1,457,955
- 1-year price change: +8.2%
- 5-year price change: +39.4%

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#13. Santa Clara, California

- Typical home value: $1,581,843
- 1-year price change: +5.2%
- 5-year price change: +37.1%

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#12. Campbell, California

- Typical home value: $1,702,560
- 1-year price change: +7.2%
- 5-year price change: +41.1%

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#11. Mountain View, California

- Typical home value: $1,959,445
- 1-year price change: +3.3%
- 5-year price change: +22.9%

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#10. Cambrian Park, California

- Typical home value: $1,980,765
- 1-year price change: +11.6%
- 5-year price change: +55.9%

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#9. Sunnyvale, California

- Typical home value: $2,006,978
- 1-year price change: +6.1%
- 5-year price change: +34.8%

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#8. Los Gatos, California

- Typical home value: $2,616,180
- 1-year price change: +9.0%
- 5-year price change: +40.0%

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#7. Cupertino, California

- Typical home value: $2,800,546
- 1-year price change: +6.8%
- 5-year price change: +39.0%

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#6. Palo Alto, California

- Typical home value: $3,562,073
- 1-year price change: +2.8%
- 5-year price change: +22.4%

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#5. Stanford, California

- Typical home value: $3,696,247
- 1-year price change: +2.1%
- 5-year price change: +20.3%

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#4. Saratoga, California

- Typical home value: $3,719,355
- 1-year price change: +7.4%
- 5-year price change: +42.9%

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#3. Monte Sereno, California

- Typical home value: $3,988,317
- 1-year price change: +5.7%
- 5-year price change: +26.8%

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#2. Los Altos, California

- Typical home value: $4,044,649
- 1-year price change: +4.5%
- 5-year price change: +34.7%

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#1. Los Altos Hills, California

- Typical home value: $5,178,459
- 1-year price change: +2.7%
- 5-year price change: +24.2%

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