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Milpitas real estate market overview

  • Average Monthly Rent: $2,815
  • Home Price/Value Percentage Change: -5.70%
  • Median Home Value: $1,046,460
  • Best Time To Sell a Home: August
  • Affordability Index: 127
  • Days To Sell a House: 43
  • Job Market: Fair
  • Public School Ranking: 38

Location and weather

Milpitas is a beautiful city on the south end of San Francisco Bay. Once a quiet agricultural valley of orchards and small towns the area has completely transformed over a period of forty years into an economic and technology powerhouse and cultural crossroads between America and Asia. As a part of Silicon Valley there is an ever-growing tech industry.

In Milpitas the summers are warm and dry, and the winters are cold and wet. The summer high temperatures are in the low 80's and lows are in the mid-60's. The winter high temperatures are in the low 60's with lows in the high 40's.

Sell my house fast in Milpitas, California
Image by Bobak Ha'Eri,, CC BY-SA 3.0

Population, job market and cost of living

The Milpitas population in 2019 was 80,430 with a growth rate of 3.24%.

The job growth has increased by 2.53% over last year. Ten-year future predicted job growth is 39.01%. Milpitas has been named the fastest growing city in Silicon Valley and the second fastest growing city in California. The largest industries are Manufacturing, Professional, Scientific & Technical Services and Health Care and Social Assistance. The largest employers are ScanDisk, KLA and Linear Technology.

The cost of living is high due to the Milpitas real estate market and high cost of housing. With a desirable location, great job opportunities and growth in Silicon Valley, mild climate and proximity to San Jose, Milpitas will continue to attract those that want the opportunities and California lifestyle in Silicon Valley.

Milpitas real estate market details

Hottest neighborhoods

  • Berryessa
  • Alum Rock
  • Avalon
  • Alviso

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