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Home Affordability Calculator San Jose, CA — 2026
Median home price in San Jose: $1,300,000. At 6.5% on a 30-year loan with 20% down, the estimated total monthly payment (PITI) is $7,885 — requiring $337,929/year in gross income. Enter your income below for a personalised estimate.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$1,300,000
Income needed (annual)
$337,929
Est. monthly PITI
$7,885
Property tax/month
$823
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How much house can you afford in San Jose at your salary?
Maximum home price at each income level: 6.5% rate, 30-year term, 20% down payment, no existing debt. Property tax (0.76%) and insurance (0.45%) included in the 28% front-end DTI budget.
| Annual income | Max home price | Max monthly budget | Affords San Jose median? |
|---|---|---|---|
| $50,000 | $192,356 | $1,167/mo | ✗ No |
| $75,000 | $288,534 | $1,750/mo | ✗ No |
| $100,000 | $384,713 | $2,333/mo | ✗ No |
| $125,000 | $480,891 | $2,917/mo | ✗ No |
| $150,000 | $577,069 | $3,500/mo | ✗ No |
| $175,000 | $673,247 | $4,083/mo | ✗ No |
| $200,000 | $769,425 | $4,667/mo | ✗ No |
Assumes 20% down, 6.5% rate, 30-year term, zero existing monthly debt. Property tax at 0.76% effective rate; insurance estimated at 0.45% annually. PMI required below 20% down — not included here.
Monthly payment breakdown on the median San Jose home
$1,300,000 purchase price with 20% down ($260,000) at 6.5% on a 30-year loan.
Principal & interest (30yr)
$6,574/month on a $1,040,000 loan at 6.5% over 30 years. Total interest paid over the life of the loan: $1,326,640.
Property tax (0.76% effective rate)
$823/month ($9,876/year). San Jose's 0.76% effective property tax rate is moderated by Prop 13. New buyers pay approximately 1.25–1.35% of purchase price in their first year including local assessments — on a $1.3M home, that is roughly $1,354–$1,463/month in property taxes alone.
Homeowners insurance (est.)
$488/month estimated at 0.45% of home value annually. Rates vary significantly by coverage level, age of home, and local risk factors — always get quotes before closing.
Total PITI (monthly)
$7,885/month estimated. Income needed to keep this under 28% of gross monthly income: $337,929/year.
San Jose housing market 2026
San Jose sits at the heart of Silicon Valley, the most expensive housing market in the US. Median home prices routinely exceed $1.3M, driven by tech compensation at Apple, Google, Nvidia, and hundreds of startups. The market has shown sensitivity to tech sector layoffs but consistently recovers as hiring resumes. Cupertino and Palo Alto adjacent communities push even higher.
Key numbers for San Jose buyers
- Median home price: $1,300,000 (2026 estimate)
- 20% down payment: $260,000
- Loan amount (80% LTV): $1,040,000
- Monthly P&I at 6.5% / 30yr: $6,574
- Monthly P&I at 6.5% / 15yr: $9,059
- Est. PITI (P&I + tax + insurance): $7,885/month
- Income needed (28% front-end DTI): $337,929/year
Compare home affordability by city
📍 Los Angeles, CA
Median $900,000 · income needed $244,543/yr · 1.09% tax
📍 Chicago, IL
Median $330,000 · income needed $101,614/yr · 2.1% tax
📍 Houston, TX
Median $290,000 · income needed $89,143/yr · 2.09% tax
📍 Phoenix, AZ
Median $400,000 · income needed $102,429/yr · 0.65% tax
📍 Miami, FL
Median $580,000 · income needed $155,143/yr · 0.97% tax
📍 Seattle, WA
Median $740,000 · income needed $195,257/yr · 0.87% tax
📍 Denver, CO
Median $560,000 · income needed $141,171/yr · 0.54% tax
📍 Austin, TX
Median $525,000 · income needed $161,614/yr · 2.1% tax
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Home affordability San Jose — frequently asked questions
How much house can I afford in San Jose?
On a $100,000 annual income with no other debt, 20% down, and a 6.5% 30-year mortgage, you can afford approximately $384,713 in San Jose. The median home price in San Jose is $1,300,000, which requires approximately $337,929/year in gross income using the 28% front-end DTI rule (principal, interest, property tax, and insurance all within 28% of gross monthly income).
What income do I need to buy a home in San Jose?
To afford San Jose's median home price of $1,300,000 at 6.5% on a 30-year loan with 20% down, you need approximately $337,929/year in gross income. This assumes the full PITI payment of $7,885/month (P&I $6,574 + property tax $823 + insurance $488) stays within 28% of gross monthly income. Existing debts reduce this buying power further.
What is the median home price in San Jose in 2026?
The estimated median home price in San Jose in 2026 is approximately $1,300,000. This varies significantly by neighbourhood — enter the specific purchase price you are evaluating in the calculator above for a personalised estimate.
What are property taxes in San Jose?
San Jose, CA's effective property tax rate is approximately 0.76%. On a $1,300,000 home, that is roughly $823/month or $9,876/year in property taxes. San Jose's 0.76% effective property tax rate is moderated by Prop 13. New buyers pay approximately 1.25–1.35% of purchase price in their first year including local assessments — on a $1.3M home, that is roughly $1,354–$1,463/month in property taxes alone.
Is San Jose affordable to buy in 2026?
San Jose's median home price of $1,300,000 requires an annual gross income of approximately $337,929 to qualify under the 28% front-end DTI rule at 6.5% with 20% down. The estimated total monthly payment (PITI) is $7,885/month. San Jose sits at the heart of Silicon Valley, the most expensive housing market in the US.