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ZIP Code · CA

ZIP 95123

Part of San Jose, CA
Pop. 69,677·Santa Clara County·203rd most expensive ZIP in California
Median rent (all units)
$3,435/mo
Year-over-Year
+11.4%
Month-over-Month
+3.6%
vs US Median
+$1,470
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 95123 · $3,435
More expensive than 95% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,660
1 BR
$3,030
2 BR
$3,540
3 BR
$4,680
4 BR+
$5,090
Research median
$3,540/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: July 20, 2026

Annual cost
$41,220/yr
At $3,435/mo median
Location
StateCA
CountySanta Clara County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.4% YoY, +3.6% MoM), not inventory.
Demographics

Who lives here

ZIP 95123 (San Jose, CA) is majority owner-occupied, has a median income above the national average, 45.8% of residents hold a bachelor's degree or higher.

Population
69,677
Median income
$144,276
Median age
38
Renters
39.3%
Age distribution
20.3%
25.1%
28.1%
12.7%
13.8%
Under 1820.3%
18–3425.1%
35–5428.1%
55–6412.7%
65+13.8%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
35.2%
29.4%
29.7%
White35.2%
Black2.7%
Hispanic29.4%
Asian29.7%
Other3%
Education (25+)
14.4%
29.4%
45.8%
No HS diploma10.4%
HS diploma14.4%
Some college29.4%
Bachelor's+45.8%
Housing tenure
60.7%
39.3%
Owner60.7%
Renter39.3%

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

2021 vs 2026

How ZIP 95123 in San Jose, CA has changed in 5 years

Rent
$2,551 → $3,435
up 34.7%
Income
$124,389 → $144,276
up 16.0%
Population
71,118 → 69,677
down 2.0%
Renter share
39.2% → 39.3%
+0.1 pts
Bachelor's+
45% → 45.8%
+0.8 pts
Median age
37.5 → 38
+0.5 yrs

Rent in ZIP 95123 in San Jose, CA has climbed 34.7% since 2021, going from about $2,551 per month to roughly $3,435 today. Median household income grew from $124,389 to $144,276 between 2021 and 2024, a 16.0% shift. Rent outpaced income growth by roughly 18.7 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 71,118 to 69,677 between 2021 and 2024, a 2.0% change. Taken together, the five-year picture in ZIP 95123 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.

Community

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Local insights

Tips for renters in ZIP 95123

About renting in ZIP 95123

Last updated: July 20, 2026

ZIP code 95123 covers San Jose, CA. The median rent here is $3,435/mo as of July 2026. A 1-bedroom rents for a median of $3,030/mo. A 2-bedroom rents for a median of $3,540/mo.

At 29% of local median household income ($144,276/yr), ZIP 95123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 95123?

As of July 20, 2026, the median monthly rent in ZIP 95123 (San Jose, CA) is $3,435. This is based on aggregated data from public sources and community submissions.

How does ZIP 95123 rent compare to the US average?

ZIP 95123's median rent of $3,435/mo is $1,470 (75%) above the US national median of $1,965/mo.

How does ZIP 95123 compare to other ZIPs in California?

ZIP 95123 is one of the pricier ZIP codes in California, ranking #203 out of 907 ZIPs tracked at $3,435/mo.

How much income do you need to rent in ZIP 95123?

To keep rent at or below 30% of gross income, you would need to earn at least $137,000/year (~$66/hour full-time) to afford the median rent of $3,435/mo in ZIP 95123. The local median household income is $144,276/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 95123?

Rent in ZIP 95123 has increased 11.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 95123 an affordable place to rent?

ZIP 95123 is considered affordable for renters. At $3,435/mo, rent takes approximately 29% of the local median household income ($144,276/yr). The standard benchmark is 30%. ZIP 95123 falls comfortably within that range.

What percentage of ZIP 95123 residents rent vs. own?

According to Census data, approximately 39.3% of ZIP 95123 households are renters, while 60.7% are owner-occupied. ZIP 95123 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 95123 compare to the rest of San Jose?

ZIP 95123 is more affordable than San Jose overall. At $3,435/mo, it's $44 below the San Jose citywide median of $3,479/mo.

When was rent data for ZIP 95123 last updated?

Rent data for ZIP 95123 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $3,435/mo, rent takes ~29% of ZIP 95123's median household income ($144,276/yr). The standard benchmark is 30%.

ZIP 95123 29%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 95123 (San Jose, CA)

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