San Jose is not a cheap place to live, but the quality of life will blow you out of the Bay water! The average listing price here is $781,829 and the median sales price is $610,500. The area is known for having one of the lowest housing vacancy rates in the entire country, which is at 4 percent, so be prepared to take your time finding a place to buy or rent to own. Renters make up 39.85 percent of the population, and homeowners make up around 56 percent.
San Jose, CA is a great place for affordable rent-to-own homes! With a median household income of over $117,324 and a median rent of $2,232, the San Jose, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in San Jose, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
San Jose, CA is seeing rapid growth and San Jose, CA's' housing market remains not optimal with an average home price that is 326% above the 2023 national average. San Jose, CA is part of Santa Clara county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Santa Clara is 0.67% which is below the national average, which is 0.99%.
School Systems San Jose boasts a number of award-winning schools and is known overall for having excellent educational facilities. The city has 262 primary and secondary schools. Nelson S. Dilworth Elementary School is one of the best schools in the area. There are a number of school districts in and near San Jose - Union Elementary, Cambrian and Evergreen Elementary are some of the highest rated. Whether you are interested in public or private schools for your kids, you will have excellent options in San Jose.
Outdoor Activities San Jose is located in one of the most beautiful and scenic regions of the country. Californians are an active bunch and love to take advantage of the great outdoors and all the activities that can be found in and around the city. San Francisco is just an hour north of San Jose, where you can find relaxing beaches and hilly city streets to do some urban hiking and exploring. To the east of San Jose is Alum Rock Park, a canyon and creek that has beautiful springs and waterfalls. Mount Hamilton looks down over this area; standing over 4,000 feet tall, it's a great spot to take in some scenic views of the Bay. Only about an hour away you can find the Santa Cruz Mountains and lovely beaches and hikes along the coast. Driving this route is a fantastic way to get around California, too. The Pacific Coast Highway extends all the way from San Francisco down the whole coast of California and offers stunning views of the cliffs and Pacific Ocean. Driving in Saratoga Hills just outside San Jose is a beautiful way to spend the day, as well. If you head south, you'll find Half Moon Bay Beach, a place known for its huge crashing waves and beautiful sunsets. Whether you like beaches, mountains or something in between, San Jose has it all.
Neighborhood Guide San Jose has a number of different kinds of communities and little neighborhoods that keep the city varied and interesting. Each of the most popular neighborhoods offers a unique glimpse into the flair and flavor of this cosmopolitan city.