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These days, finding an affordable place to live in the Milpitas area can be challenging. Home prices in Milpitas are now at a median cost of $1,253,780, higher than the California average of $812,006.
The average cost of rent is $3,083/mo in Milpitas, primarily driven by the current value of real estate in the Milpitas area. In Milpitas, 43.25% of households rent, and 30.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milpitas is $15,172 per month. Households that rent pay about 20.32% of their income on rent here. Milpitas’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alviso, CA: less expensive homes
- Alum Rock, CA: less expensive homes
- Santa Clara, CA: higher priced homes
- Sunnyvale, CA: higher priced homes
- San Jose, CA: higher priced homes
- Mount Hamilton, CA: higher priced homes
- Fremont, CA: equally priced homes
- Newark, CA: equally priced homes
- Mountain View, CA: higher priced homes
- Cupertino, CA: higher priced homes
Cities with Similar Populations
- Fontana, CA: less expensive homes
- Evansville, IN: less expensive homes
- Evanston, IL: less expensive homes
- Eugene, OR: less expensive homes
- Fishers, IN: less expensive homes
- Fort Mill, SC: less expensive homes
- Fort Lauderdale, FL: less expensive homes
- Flagstaff, AZ: less expensive homes
- Flint, MI: less expensive homes
- Florence, SC: less expensive homes
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