ZIP Code · CA

ZIP 95129

Part of San Jose, CA
Pop. 41,321·Santa Clara County·302nd most expensive ZIP in California
Median rent (all units)
$3,121/mo
Year-over-Year
+3.5%
Month-over-Month
+0.8%
vs US Median
+$1,189
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 95129 · $3,121
More expensive than 92% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,690
1 BR
$3,070
2 BR
$3,580
3 BR
$4,730
4 BR+
$5,150
Research median
$3,580/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

January. Asking rents in ZIP 95129 usually run 1.4% below trend in January and 1.8% above it in June, about $100 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 95129 is at its highest level since Zillow's records here began in May 2017.

Past year vs. the rest of California

Rent in ZIP 95129 changed +3.4% 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 95129 rose 12.5% while median household income rose 32.2% ($148,068 to $195,708). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 95129 is 17.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($195,708) is $4,893 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,730); a 4-bedroom is $5,150.

Rank in San Jose

3rd cheapest of 25 ZIP codes in San Jose.

From Zillow's monthly rent index (ZORI) for ZIP 95129. 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
$37,452/yr
At $3,121/mo median
Location
StateCA
CountySanta Clara County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.5% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 95129 (San Jose, CA) is majority owner-occupied, has a median income above the national average, 73.1% of residents hold a bachelor's degree or higher.

Population
41,321
Median income
$195,708
Median age
40.9
Renters
41.4%
Age distribution
24.2%
18.1%
30.5%
13.1%
14.1%
Under 1824.2%
18–3418.1%
35–5430.5%
55–6413.1%
65+14.1%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
18.2%
64.9%
White18.2%
Black2.2%
Hispanic7.8%
Asian64.9%
Other6.9%
Education (25+)
13.8%
73.1%
No HS diploma4.7%
HS diploma8.4%
Some college13.8%
Bachelor's+73.1%
Housing tenure
58.6%
41.4%
Owner58.6%
Renter41.4%

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

2021 vs 2026

How ZIP 95129 in San Jose, CA has changed in 5 years

Rent
$2,473 → $3,121
up 26.2%
Income
$163,245 → $195,708
up 19.9%
Population
39,318 → 41,321
up 5.1%
Renter share
39.7% → 41.4%
+1.7 pts
Bachelor's+
72.1% → 73.1%
+1.0 pts
Median age
42 → 40.9
-1.1 yrs

Rent in ZIP 95129 in San Jose, CA has climbed 26.2% since 2021, going from about $2,473 per month to roughly $3,121 today. Household income in the area moved from $163,245 to $195,708 across the same window, up 19.9% versus 2021. Rent outpaced income growth by roughly 6.3 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 39,318 to 41,321 between 2021 and 2024, a 5.1% change. About 41.4% of households rent today, against 39.7% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 95129 in San Jose, CA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 95129

Last updated: October 17, 2026

ZIP code 95129 covers San Jose, CA. The median rent here is $3,121/mo as of October 2026. A 1-bedroom rents for a median of $3,070/mo. A 2-bedroom rents for a median of $3,580/mo.

At 19% of local median household income ($195,708/yr), ZIP 95129 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 95129?

To keep rent at or below 30% of gross income, you would need to earn at least $125,000/year (about $60/hour full-time) to afford the median rent of $3,121/mo in ZIP 95129. The local median household income is $195,708/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 95129?

Rent in ZIP 95129 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2017.

When is the cheapest time to rent in ZIP 95129?

Asking rents in ZIP 95129 are usually lowest in January, about 1.4% below their yearly trend, and highest in June, about 1.8% above it. At today's median that is a gap of roughly $100 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 95129?

No. From 2019 to 2024, rent in ZIP 95129 rose 12.5% while median household income rose 32.2%, from $148,068 to $195,708. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 95129 compare to other ZIPs in California?

ZIP 95129 is in the middle among California ZIP codes for rent, ranking #302 of 898 at $3,121/mo. Over the year to September 2026, rent in ZIP 95129 changed +3.4%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 95129 compare to the rest of San Jose?

At $3,121/mo, ZIP 95129 is $461 below the San Jose citywide median of $3,582/mo. It is the 3rd cheapest of 25 ZIP codes in San Jose.
Income Affordability
19%
VERY AFFORDABLE

At $3,121/mo, rent takes ~19% of ZIP 95129's median household income ($195,708/yr). The standard benchmark is 30%.

ZIP 95129 19%Benchmark 30%
State income tax1–13.3%
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