Where home prices are falling in the San Jose area
Home values, 1-year change, September 2026 · Zillow ZHVI (Sep 2026) · updated 2026-11-15
Home values fell over the past year in 22 of the 58 ZIP codes in the San Jose area with figures; the median change was +0.9%.
The largest fall was 6.4% in ZIP code 95113 (San Jose, CA), and the tenth-largest was 1.7% in ZIP code 95132 (San Jose, CA).
Home values rose 0.2% across the San Jose area and rose 1.2% nationally over the same 12 months.
Where home prices are falling in the San Jose area: the 22
| Rank | ZIP code | Home values, 1-year change | Typical home value | Rents, 1-year change |
|---|---|---|---|---|
| 1 | 95113San Jose, CA | −6.4% | $628,000 | +4.3% |
| 2 | 95134San Jose, CA | −5.1% | $1,009,000 | +11.0% |
| 3 | 95133San Jose, CA | −3.2% | $1,094,000 | +4.3% |
| 4 | 95131San Jose, CA | −2.5% | $1,283,000 | +7.9% |
| 5 | 95110San Jose, CA | −2.2% | $797,000 | +10.7% |
| 6 | 95136San Jose, CA | −2.2% | $1,301,000 | +9.1% |
| 7 | 95126San Jose, CA | −2.0% | $1,148,000 | +8.4% |
| 8 | 95054Santa Clara, CA | −1.9% | $1,432,000 | +7.8% |
| 9 | 95127San Jose, CA | −1.7% | $1,066,000 | +7.4% |
| 10 | 95132San Jose, CA | −1.7% | $1,537,000 | +7.8% |
| 11 | 95122San Jose, CA | −1.6% | $945,000 | +15.9% |
| 12 | 95002San Jose, CA | −1.5% | $1,163,000 | – |
| 13 | 95112San Jose, CA | −1.4% | $956,000 | +8.1% |
| 14 | 95116San Jose, CA | −1.3% | $897,000 | +5.8% |
| 15 | 95035Milpitas, CA | −1.2% | $1,385,000 | +10.1% |
| 16 | 94043Mountain View, CA | −1.0% | $1,514,000 | +8.4% |
| 17 | 95123San Jose, CA | −0.9% | $1,301,000 | +8.2% |
| 18 | 95119San Jose, CA | −0.7% | $1,349,000 | – |
| 19 | 94086Sunnyvale, CA | −0.5% | $1,840,000 | +9.9% |
| 20 | 95111San Jose, CA | −0.4% | $1,020,000 | +2.3% |
| 21 | 94085Sunnyvale, CA | −0.2% | $1,474,000 | +10.6% |
| 22 | 94089Sunnyvale, CA | −0.2% | $1,399,000 | +13.0% |
- Under −1.0%
- −1.0% to 0.0%
- 0.0% to +1.0%
- +1.0% to +3.0%
- +3.0% or more
- Not ranked
More rankings for the San Jose area
- Cheapest ZIP codes
- Most expensive ZIP codes
- Where home prices are rising fastest
- Cheapest rent by ZIP code
- Highest rent by ZIP code
- Where rents are rising fastest
- Richest ZIP codes (household income)
- Cheapest suburbs
- Most expensive suburbs
- Richest suburbs (household income)
- Largest suburbs (population)
- San Jose metro area: all figures
Where home prices are falling in other metro areas
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Riverside, CA
- San Francisco, CA
- Detroit, MI
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- St. Louis, MO
- San Antonio, TX
- Austin, TX
- Portland, OR
- Sacramento, CA
- Pittsburgh, PA
- Las Vegas, NV
- Cincinnati, OH
- Kansas City, MO
- Columbus, OH
- Indianapolis, IN
- Nashville, TN
- Cleveland, OH
- Virginia Beach, VA
- Jacksonville, FL
- Raleigh, NC
- Oklahoma City, OK
- Louisville, KY
- Memphis, TN
- Salt Lake City, UT
- Fresno, CA
- Birmingham, AL
Source and method
Home values, 1-year change: Zillow ZHVI (Sep 2026); figures for September 2026. ZIP codes with at least 1,000 residents and a published figure are ranked (58 of them in the San Jose area). This page lists only the 22 where the figure fell. The metro area is the San Jose-Sunnyvale-Santa Clara, CA metropolitan statistical area. Place names for ZIP codes are the neighborhood or city the ZIP code mostly covers. Compiled by Home Economics.
Zillow's "typical" home value and rent are index values for the middle of the market (the Zillow Home Value Index and Observed Rent Index), not median sale prices or asking rents. One-year changes are over the 12 months to September 2026. Income and population come from the Census Bureau's American Community Survey and carry sampling error, most of all in small places.