ZIP Code · CA

ZIP 95117

Part of San Jose, CA
Pop. 26,953·Santa Clara County·330th most expensive ZIP in California
Median rent (all units)
$3,012/mo
Year-over-Year
+3.6%
Month-over-Month
Stable
vs US Median
+$1,080
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 95117 · $3,012
More expensive than 91% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,350
1 BR
$2,670
2 BR
$3,120
3 BR
$4,120
4 BR+
$4,490
Research median
$3,120/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

March. Asking rents in ZIP 95117 usually run 1.1% below trend in March and 0.8% above it in September, about $57 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 95117 is 0.1% below its high of $3,014 in August 2026, at $3,012 as of September 2026.

Past year vs. the rest of California

Rent in ZIP 95117 changed +3.6% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 95117 rose 13.1% while median household income rose 21.5% ($95,726 to $116,348). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 95117 is 18.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($116,348) is $2,909 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,670); a 2-bedroom is $3,120.

Rank in San Jose

2nd cheapest of 25 ZIP codes in San Jose.

From Zillow's monthly rent index (ZORI) for ZIP 95117. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$36,144/yr
At $3,012/mo median
Location
StateCA
CountySanta Clara County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.6% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 95117 (San Jose, CA) is majority renter-occupied, has a median income above the national average, 46.9% of residents hold a bachelor's degree or higher.

Population
26,953
Median income
$116,348
Median age
37.2
Renters
64.4%
Age distribution
23.2%
23.5%
27.8%
12.6%
12.8%
Under 1823.2%
18–3423.5%
35–5427.8%
55–6412.6%
65+12.8%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
33.8%
30.5%
29.6%
White33.8%
Black4.8%
Hispanic30.5%
Asian29.6%
Other1.3%
Education (25+)
12.6%
16.1%
24.5%
46.9%
No HS diploma12.6%
HS diploma16.1%
Some college24.5%
Bachelor's+46.9%
Housing tenure
35.6%
64.4%
Owner35.6%
Renter64.4%

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

2021 vs 2026

How ZIP 95117 in San Jose, CA has changed in 5 years

Rent
$2,428 → $3,012
up 24.1%
Income
$107,972 → $116,348
up 7.8%
Population
28,832 → 26,953
down 6.5%
Renter share
63.5% → 64.4%
+0.9 pts
Bachelor's+
45.1% → 46.9%
+1.8 pts
Median age
35.1 → 37.2
+2.1 yrs

Compared with 2021, rent in ZIP 95117 in San Jose, CA has increased by $584 per month, settling near $3,012 after starting the period at $2,428. Median household income grew from $107,972 to $116,348 between 2021 and 2024, a 7.8% shift. Rent outpaced income growth by roughly 16.3 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 28,832 to 26,953 between 2021 and 2024, a 6.5% change. Taken together, the five-year picture in ZIP 95117 in San Jose, CA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 95117

Last updated: October 17, 2026

ZIP code 95117 covers San Jose, CA. The median rent here is $3,012/mo as of October 2026. A 1-bedroom rents for a median of $2,670/mo. A 2-bedroom rents for a median of $3,120/mo.

At 31% of local median household income ($116,348/yr), ZIP 95117 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 95117?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (about $58/hour full-time) to afford the median rent of $3,012/mo in ZIP 95117. The local median household income is $116,348/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 95117?

Rent in ZIP 95117 has risen 3.6% over the past year as of September 2026. It sits 0.1% below its high of $3,014 in August 2026.

When is the cheapest time to rent in ZIP 95117?

Asking rents in ZIP 95117 are usually lowest in March, about 1.1% below their yearly trend, and highest in September, about 0.8% above it. At today's median that is a gap of roughly $57 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 95117?

No. From 2019 to 2024, rent in ZIP 95117 rose 13.1% while median household income rose 21.5%, from $95,726 to $116,348. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 95117 compare to other ZIPs in California?

ZIP 95117 is in the middle among California ZIP codes for rent, ranking #330 of 898 at $3,012/mo. Over the year to September 2026, rent in ZIP 95117 changed +3.6%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 95117 compare to the rest of San Jose?

At $3,012/mo, ZIP 95117 is $570 below the San Jose citywide median of $3,582/mo. It is the 2nd cheapest of 25 ZIP codes in San Jose.
Income Affordability
31%
MODERATE

At $3,012/mo, rent takes ~31% of ZIP 95117's median household income ($116,348/yr). The standard benchmark is 30%.

ZIP 95117 31%Benchmark 30%
State income tax1–13.3%
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