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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +11.0% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −6.1% YoY, is the number to watch.
The median listing price is up 11.0% YoY while the median home got up 2.6% bigger, so value per square foot is down 5.7%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $1.50M purchase rents for $3,850/mo: 0.26% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 30 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 95037 itself, not its parent county.
Renters hold 29.4% of this ZIP's 16,742 occupied households, on a median household income of $163K.
| Measure | ZIP 95037 | Santa Clara County | Difference |
|---|---|---|---|
| Median Household Income | $163K | $164K | -$1K |
| Below Poverty Level | 4.7% | 7.1% | -2.4% |
| Median Age | 39.20 | 38.10 | +1.10 |
| Total Population | 51,943 | 1,902,047 | -- |
| Avg Household Size | 3.07 | 2.82 | +0.25 |
| Owner-Occupied | 70.6% | 55.1% | +15.5% |
| Worked From Home | 23.1% | 23.9% | -0.8% |
| Mean Commute | 33.20 | 26.20 | +7.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 1,902,047: residents under 18 are down 2.2% and those 65 and over are up 3.0%.
County median household income is $164K, 7.1% of residents are below the poverty level, 23.9% work from home.