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ZIP Code · CA

ZIP 95035

Part of Milpitas, CA
Pop. 78,810·Santa Clara County·144th most expensive ZIP in California
Median rent (all units)
$3,715/mo
Year-over-Year
+15.2%
Month-over-Month
+1.1%
vs US Median
+$1,753
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 95035 · $3,715
More expensive than 96% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$2,850
1 BR
$3,240
2 BR
$3,790
3 BR
$5,010
4 BR+
$5,450
Research median
$3,790/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$44,580/yr
At $3,715/mo median
Location
StateCA
CountySanta Clara County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.2% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 95035 (Milpitas, CA) is majority owner-occupied, has a median income above the national average, 58.2% of residents hold a bachelor's degree or higher.

Population
78,810
Median income
$178,654
Median age
36.8
Renters
41.5%
Age distribution
20.2%
26%
28.3%
13.9%
Under 1820.2%
18–3426%
35–5428.3%
55–6411.6%
65+13.9%
Gender
52.3%
47.7%
Male52.3%
Female47.7%
Race & ethnicity
13.4%
72%
White11.5%
Black1.8%
Hispanic13.4%
Asian72%
Other1.2%
Education (25+)
13%
17.7%
58.2%
No HS diploma11.1%
HS diploma13%
Some college17.7%
Bachelor's+58.2%
Housing tenure
58.5%
41.5%
Owner58.5%
Renter41.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 95035 in Milpitas, CA has changed in 5 years

Rent
$2,719 → $3,715
up 36.6%
Income
$149,223 → $178,654
up 19.7%
Population
79,769 → 78,810
down 1.2%
Renter share
36.9% → 41.5%
+4.6 pts
Bachelor's+
53.5% → 58.2%
+4.7 pts
Median age
35.8 → 36.8
+1.0 yrs

Rent in ZIP 95035 in Milpitas, CA has climbed 36.6% since 2021, going from about $2,719 per month to roughly $3,715 today. Household income in the area moved from $149,223 to $178,654 across the same window, up 19.7% versus 2021. Rent outpaced income growth by roughly 16.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 79,769 to 78,810 between 2021 and 2024, a 1.2% change. About 41.5% of households rent today, against 36.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53.5% to 58.2%. Reading these numbers side by side helps frame whether current listings in ZIP 95035 in Milpitas, CA look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 95035

Last updated: August 17, 2026

ZIP code 95035 covers Milpitas, CA. The median rent here is $3,715/mo as of August 2026. A 1-bedroom rents for a median of $3,240/mo. A 2-bedroom rents for a median of $3,790/mo.

At 25% of local median household income ($178,654/yr), ZIP 95035 ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 95035?

As of August 17, 2026, the median monthly rent in ZIP 95035 (Milpitas, CA) is $3,715. This is based on aggregated data from public sources and community submissions.

How does ZIP 95035 rent compare to the US average?

ZIP 95035's median rent of $3,715/mo is $1,753 (89%) above the US national median of $1,962/mo.

How does ZIP 95035 compare to other ZIPs in California?

ZIP 95035 is one of the pricier ZIP codes in California, ranking #144 out of 897 ZIPs tracked at $3,715/mo.

How much income do you need to rent in ZIP 95035?

To keep rent at or below 30% of gross income, you would need to earn at least $149,000/year (~$72/hour full-time) to afford the median rent of $3,715/mo in ZIP 95035. The local median household income is $178,654/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 95035?

Rent in ZIP 95035 has increased 15.2% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 95035 an affordable place to rent?

ZIP 95035 is considered affordable for renters. At $3,715/mo, rent takes approximately 25% of the local median household income ($178,654/yr). The standard benchmark is 30%. ZIP 95035 falls comfortably within that range.

What percentage of ZIP 95035 residents rent vs. own?

According to Census data, approximately 41.5% of ZIP 95035 households are renters, while 58.5% are owner-occupied. ZIP 95035 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 95035 compare to the rest of Milpitas?

ZIP 95035 sits right at the Milpitas citywide median of $3,715/mo.

When was rent data for ZIP 95035 last updated?

Rent data for ZIP 95035 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $3,715/mo, rent takes ~25% of ZIP 95035's median household income ($178,654/yr). The standard benchmark is 30%.

ZIP 95035 25%Benchmark 30%
State income tax1–13.3%
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