ZIP Code · CA

ZIP 95118

Part of San Jose, CA

Pop. 32,015·Santa Clara County·53rd most expensive ZIP in California

Median rent (all units)

$4,569/mo

Year-over-Year

+6.6%

Month-over-Month

+0.7%

vs US Median

+$2,637

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 95118 · $4,569

More expensive than 98% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,360

1 BR

$2,680

2 BR

$3,130

3 BR

$4,140

4 BR+

$4,500

Research median

$3,130/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

Compared with the peak

Rent in ZIP 95118 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of California

Rent in ZIP 95118 changed +6.6% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($152,682) is $3,817 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,130); a 3-bedroom is $4,140.

Rank in San Jose

24th cheapest of 25 ZIP codes in San Jose.

Cheaper nearby

ZIP 95136, 2 miles away, rents for 20% less ($3,659/mo), about $10,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 95118. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$54,828/yr

At $4,569/mo median

Location

CitySan Jose

StateCA

CountySanta Clara County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.6% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 95118 (San Jose, CA) is majority owner-occupied, has a median income above the national average, 53.7% of residents hold a bachelor's degree or higher.

Population

32,015

Median income

$152,682

Median age

39.5

Renters

38.3%

Age distribution

24.3%

19.4%

31.1%

13.8%

Under 1824.3%

18–3419.4%

35–5431.1%

55–6411.5%

65+13.8%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

46%

27.1%

23.8%

White46%

Black1.5%

Hispanic27.1%

Asian23.8%

Other1.6%

Education (25+)

13.7%

25.1%

53.7%

No HS diploma7.6%

HS diploma13.7%

Some college25.1%

Bachelor's+53.7%

Housing tenure

61.7%

38.3%

Owner61.7%

Renter38.3%

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

2023 vs 2026

How ZIP 95118 in San Jose, CA has changed in 5 years

Rent

$3,868 → $4,569

up 18.1%

Income

$130,745 → $152,682

up 16.8%

Population

32,703 → 32,015

down 2.1%

Renter share

35.3% → 38.3%

+3.0 pts

Bachelor's+

51.6% → 53.7%

+2.1 pts

Across the past five years, the going rent in ZIP 95118 in San Jose, CA has shifted from $3,868 to $4,569, up 18.1% since 2023. On the earnings side, the typical household in ZIP 95118 in San Jose, CA now reports about $152,682, up from $130,745 in 2021. Census counts show ZIP 95118 in San Jose, CA losing about 688 residents over the five-year window, down 2.1% on net. The renter share has risen from 35.3% to 38.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 51.6% to 53.7% across the same window. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 95118 in San Jose, CA reflects that arc in its own way.

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About renting in ZIP 95118

Last updated: October 17, 2026

ZIP code 95118 covers San Jose, CA. The median rent here is $4,569/mo as of October 2026. A 1-bedroom rents for a median of $2,680/mo. A 2-bedroom rents for a median of $3,130/mo.

At 36% of local median household income ($152,682/yr), ZIP 95118 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 95118?

To keep rent at or below 30% of gross income, you would need to earn at least $183,000/year (about $88/hour full-time) to afford the median rent of $4,569/mo in ZIP 95118. The local median household income is $152,682/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 95118?

Rent in ZIP 95118 has risen 6.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 95118 compare to other ZIPs in California?

ZIP 95118 is one of the pricier among California ZIP codes for rent, ranking #53 of 898 at $4,569/mo. Over the year to September 2026, rent in ZIP 95118 changed +6.6%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.