95123, San Jose, CA

The 95123 zip code of San Jose, CA has a median home value of $1,095,000. The 95123 zip code is located in the Silicon Valley and has a population of over 1 million people. The 95123 zip code has a high home equity rate which means that there are more homes that are worth more than the mortgages on those homes. This high home equity rate is likely due to the high demand for housing in the Silicon Valley and the fact that many people in this area have jobs that pay well.

The average price of a home in the 95123 zip code increased by 9% from 2016 to 2017. This increase was larger than the national average which increased by 5%. The 95123 zip code had one of the highest increases in home prices during this time period. Home prices in this area are likely to continue to increase as long as there is strong demand for housing and as long as mortgage rates remain low.