- In San Jose, the median rent is $3,179 and rent is expected to increase 11.79 percent annually.
- San Jose renters pay 39.4 percent of their income on rent each month, assuming the median San Jose income.
- San Jose permitted just 294 new units for every 1,000 new residents from 2012 to 2013, according to Zillow.
- The Breakeven Horizon shows renters should consider buying in San Jose if they plan to live there for 2.7 or more years.
Saturday, April 25, 2015
Saturday Stats: Rents Are Still Sky-High in San Jose
While there was some talk last year about rents starting to stabilize, the numbers in Zillow's latest studies show otherwise. In fact, there was a painful 13.4% increase in rents year-over-year from January 2014 to January 2015. Here are some other tidbits regarding the San Jose rental market: