San Jose Rent Prices Increase Slightly – 1st Time Since March

san jose rent

The San Jose median rent price increased for the first time since March 2020. SF rent prices also increased for the first time since April 2020. They caution that increases are typical for this time of year so it may not indicate that effects from the pandemic are decreasing.

City1 Bed Rent (m to m)(y to y)2 Bed Rent (m to m)(y to y)
SF$2,680 (0.8% )(-23.9%)$3,500 (0.0%)(-23.1%)
San Jose$2,130 (1.9%)(-12.7%)$2,660 (0.40%)(-10.1%)
Sacramento$1,400 (-2.1%)(7.7%)$1,730 (0.0%)(15.3%)

Sacramento median rent prices are up year-to-year suggesting many renters are relocating within California (possibly expecting to return to their former location).

View San Jose house prices or San Jose condo prices.

San Jose Real Estate Trends

San Jose house price per sq.ft.

The plot of both average and median quarterly San Jose house prices will generally alert you to unusually high or low prices by the separation between the average and median prices changing.

San Jose house sales price vs. list price

Changes in the San Jose real estate market typically create significant changes in the sales price to list price. The list price is set by looking at recent sales prices. The comparison shows how well sales prices follow expectations.