The typical owner-occupied home in San Jose is worth about $76,800, 71% below the Illinois median of $263,300 and 77% below the national median of $332,700. Owners pay a median $1,682 a year in property taxes, about 2.19% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $55,809 a year, so the median home costs 1.4 times the median income (3.2 times for Illinois). 83% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
San Jose at a glance
| San Jose | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $76,800 | $263,300 | $332,700 |
| Median property tax paid per year | $1,682 | $5,298 | $3,119 |
| Property tax as a share of value | 2.19% | 2.01% | 0.94% |
| Median household income | $55,809 | $83,390 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,043 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Rent as a share of renters' income | 38.8% | 29.1% | 30.6% |
| Median year homes were built | 1942 | 1971 | 1980 |
| Vacant homes | 8.2% | 7.7% | 10.1% |
| Population | 557 | 12,694,798 | 334,922,499 |
What a typical home costs per month in San Jose
At this week's average 30-year rate of 7.11%, buying the median San Jose home of $76,800 with 20% down costs about $585 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $713, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,092 for the 20%-down payment. That payment is 13% of the median San Jose household income of $55,809; at that income and 20% down, the 28% guideline points to a home of about $171,000.
| Down payment | $15,360 |
|---|---|
| Loan amount | $61,440 |
| Principal and interest | $413 |
| Property taxes (2.19% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $585 |
Change the numbers in the calculator
| Down payment | $2,688 |
|---|---|
| Loan amount | $75,409 |
| Principal and interest | $507 |
| Property taxes (2.19% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $713 |
Change the numbers in the calculator
Questions about home buying in San Jose
What is the median home value in San Jose?
About $76,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in San Jose?
Homeowners pay a median $1,682 a year, which is about 2.19% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in San Jose?
For the median home with 20% down at 7.11%, the payment is about $585 a month. Keeping that under 28% of gross income takes about $25,092 a year.
More about San Jose
- Mortgage Refinance in San Jose
- Debt Relief in San Jose
- Home Equity Loans in San Jose
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data