ZIP 95124
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 95124 usually run 0.9% below trend in December and 0.9% above it in June, about $79 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 95124 is at its highest level since Zillow's records here began in March 2018.
Rent in ZIP 95124 changed +4.9% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 95124 rose 17.7% while median household income rose 19.5% ($155,550 to $185,926). Income kept ahead of rent.
Rent in ZIP 95124 is 28.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 10 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($185,926) is $4,648 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,670); a 3-bedroom is $4,850.
23rd cheapest of 25 ZIP codes in San Jose.
ZIP 95008, 2 miles away, rents for 21% less ($3,450/mo), about $11,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 95124. 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.
Who lives here
ZIP 95124 (San Jose, CA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 61.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 95124 in San Jose, CA has changed in 5 years
Five years ago, renters in ZIP 95124 in San Jose, CA paid around $3,386 a month. That figure now sits near $4,386, up 29.5% from the 2021 baseline. On the earnings side, the typical household in ZIP 95124 in San Jose, CA now reports about $185,926, up from $165,344 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 27.3% to 29.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 58.9% to 61.5% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 95124 in San Jose, CA reflects that arc in its own way.
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Tips for renters in ZIP 95124
Last updated: October 17, 2026
ZIP code 95124 covers San Jose, CA. The median rent here is $4,386/mo as of October 2026. A 1-bedroom rents for a median of $3,140/mo. A 2-bedroom rents for a median of $3,670/mo.
At 28% of local median household income ($185,926/yr), ZIP 95124 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.
Frequently asked questions
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How does ZIP 95124 compare to the rest of San Jose?
At $4,386/mo, rent takes ~28% of ZIP 95124's median household income ($185,926/yr). The standard benchmark is 30%.
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