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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −3.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +53.8% YoY, is the number to watch.
The median listing price is down 3.4% YoY while the median home got down 1.3% bigger, so value per square foot is up 3.4%.
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 $1.53M purchase rents for $4,500/mo: 0.29% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 5 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 19 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 95118 itself, not its parent county.
Renters hold 38.3% of this ZIP's 11,404 occupied households, on a median household income of $153K.
| Measure | ZIP 95118 | Santa Clara County | Difference |
|---|---|---|---|
| Median Household Income | $153K | $164K | -$12K |
| Below Poverty Level | 6.6% | 7.1% | -0.5% |
| Median Age | 39.50 | 38.10 | +1.40 |
| Total Population | 32,015 | 1,902,047 | -- |
| Avg Household Size | 2.79 | 2.82 | -0.03 |
| Owner-Occupied | 61.7% | 55.1% | +6.6% |
| Worked From Home | 26.0% | 23.9% | +2.1% |
| Mean Commute | 30.40 | 26.20 | +4.20 |
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.