ZIP Code · CA

ZIP 95132

Part of San Jose, CA

Pop. 40,334·Santa Clara County·101st most expensive ZIP in California

Median rent (all units)

$4,045/mo

Year-over-Year

+7.8%

Month-over-Month

+1.2%

vs US Median

+$2,113

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 95132 · $4,045

More expensive than 97% 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

$2,910

1 BR

$3,310

2 BR

$3,870

3 BR

$5,110

4 BR+

$5,570

Research median

$3,870/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 95132 usually run 0.7% below trend in January and 0.9% above it in October, about $65 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 95132 is at its highest level since Zillow's records here began in November 2019.

Past year vs. the rest of California

Rent in ZIP 95132 changed +7.8% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Since before the pandemic

Rent in ZIP 95132 is 26.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($178,611) is $4,465 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,870); a 3-bedroom is $5,110.

Rank in San Jose

20th cheapest of 25 ZIP codes in San Jose.

Cheaper nearby

ZIP 95127, 5 miles away, rents for 12% less ($3,560/mo), about $5,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 95132. 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

$48,540/yr

At $4,045/mo median

Location

CitySan Jose

StateCA

CountySanta Clara County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.8% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 95132 (San Jose, CA) is majority owner-occupied, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.

Population

40,334

Median income

$178,611

Median age

41.9

Renters

26%

Age distribution

18.4%

21.6%

27.9%

14.6%

17.6%

Under 1818.4%

18–3421.6%

35–5427.9%

55–6414.6%

65+17.6%

Gender

53.4%

46.6%

Male53.4%

Female46.6%

Race & ethnicity

14.2%

17.4%

63.5%

White14.2%

Black1.9%

Hispanic17.4%

Asian63.5%

Other3%

Education (25+)

13%

13.7%

22.9%

50.4%

No HS diploma13%

HS diploma13.7%

Some college22.9%

Bachelor's+50.4%

Housing tenure

74%

26%

Owner74%

Renter26%

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

2021 vs 2026

How ZIP 95132 in San Jose, CA has changed in 5 years

Rent

$3,060 → $4,045

up 32.2%

Income

$143,695 → $178,611

up 24.3%

Population

41,337 → 40,334

down 2.4%

Renter share

28% → 26%

-2.0 pts

Bachelor's+

47.9% → 50.4%

+2.5 pts

Rent in ZIP 95132 in San Jose, CA has increased 32.2% since 2021, going from about $3,060 per month to roughly $4,045 today. Local incomes tracked alongside that move, going from a median of $143,695 in 2021 to $178,611 more recently. Rent outpaced income growth by roughly 7.9 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 41,337 to 40,334 between 2021 and 2024, a 2.4% change. About 26% of households rent today, against 28% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 47.9% to 50.4%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 95132 in San Jose, CA market of 2021.

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About renting in ZIP 95132

Last updated: October 17, 2026

ZIP code 95132 covers San Jose, CA. The median rent here is $4,045/mo as of October 2026. A 1-bedroom rents for a median of $3,310/mo. A 2-bedroom rents for a median of $3,870/mo.

At 27% of local median household income ($178,611/yr), ZIP 95132 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 95132?

To keep rent at or below 30% of gross income, you would need to earn at least $162,000/year (about $78/hour full-time) to afford the median rent of $4,045/mo in ZIP 95132. The local median household income is $178,611/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 95132?

Rent in ZIP 95132 has risen 7.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2019.

When is the cheapest time to rent in ZIP 95132?

Asking rents in ZIP 95132 are usually lowest in January, about 0.7% below their yearly trend, and highest in October, about 0.9% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 95132 compare to other ZIPs in California?

ZIP 95132 is one of the pricier among California ZIP codes for rent, ranking #101 of 898 at $4,045/mo. Over the year to September 2026, rent in ZIP 95132 changed +7.8%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.