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City · 78,578 residents · Santa Clara County, California

Milpitas , California

In Milpitas, a typical home is worth $1,251,700 and typical rent is $3,120 a month. Compared with all of Santa Clara County, the typical home value is 16% lower and typical rent is 9% higher.

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  • Typical home value

    $1,251,700

    16% below the county

    70% above California

    • Milpitas
    • Santa Clara
    • California

  • Typical rent

    $3,120a month

    9% above the county

    53% above California

    • Milpitas
    • Santa Clara
    • California

  • Typical household income

    $178,798a year

    9% above the county

    80% above California

    • Milpitas
    • Santa Clara
    • California

  • Households that own their home

    58%

    3 points above the county

    3 points above California

    • Milpitas
    • Santa Clara
    • California

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$1,385,691
1.2% less than 12 months ago
Typical rent
$3,614 a month
10.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Milpitas is in Santa Clara County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Santa Clara County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Milpitas apart

What this place has that others do not, from public data, most unusual first.

  1. Milpitas has the 14th smallest share of rent-burdened renters of the 616 cities in California with more than 5,000 people (36%).

  2. Nearby, in Alum Rock, the typical home value is $909,500: 27% less than in Milpitas ($1,251,700).

  3. Nearby, in Alum Rock, the typical rent is $2,389: 23% less than in Milpitas ($3,120).

  4. The typical home in Milpitas is worth $1,251,700, 16% less than in Santa Clara County as a whole ($1,490,600).

  5. Milpitas has the 53rd highest typical rent of the 648 cities in California with more than 5,000 people ($3,120).

  6. Milpitas has the 57th highest typical household income of the 659 cities in California with more than 5,000 people ($178,798).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Milpitas

What homes there are in Milpitas, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Milpitas; the largest group, detached houses, adds up to 46%, less than in Santa Clara County (51%).

Year built

The typical home in Milpitas was built in 1987, 12 years after the typical one in Santa Clara County.

In Milpitas, 64% of homes have 3 bedrooms or more, more than in Santa Clara County (56%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Without a mortgage

$979 a month

Santa Clara County: $1,155 a month

Owners with a mortgage

67%

Santa Clara County: 67%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Milpitas rose 46%; in Santa Clara County, it rose 52%.

The typical rent in Milpitas rose 29% since 2015–2019, about the same as in Santa Clara County (26%).

To compare: typical income in Milpitas rose 35%; the home, +46%; the rent, +29%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMilpitasSanta Clara CountyCaliforniaUnited States
Rental vacancy Unreliable estimate5.1%4.2%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room 9.1%7.5%8.2%3.4%
People per household 3.062.822.842.53
Drive alone 60%60%66%69%
Carpool 10%9%10%9%
Public transit 2%2%3%3%
Walk or bike 1%3%3%3%
Work from home 25%24%17%15%
Other means 2%2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Milpitas, 9.1% of households live with more than one person per room, against 7.5% in Santa Clara County.

Households in Milpitas are bigger: 3.06 people on average; in Santa Clara County, 2.82.

To get to work, 60% of workers in Milpitas drive alone; in Santa Clara County, 60%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Milpitas?

A typical home costs more than the typical income allows

We start with a typical home in Milpitas, worth $1,251,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 69% of the typical household income in Milpitas, which is $178,798 a year. For that payment to be 28% of income, a household would need to earn about $442,374 a year.

The calculator's FHA and conventional loan limits are those of all of Santa Clara County.

Your numbers

Local data
$

Starts at the typical home value in Milpitas. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $43,810 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$10,322

at 7.18% · 30 years

Loan amount
$1,229,028
Total interest
$1,768,283
Paid off in
November 2056

Includes $21,138 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $4,172 a month

  • Tight

    $4,172 to $5,364 a month

  • Hard

    more than $5,364 a month

    Your payment · 69%

Compared with the typical household income in Milpitas ($178,798 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$10,322
Principal & interest$8,326
Property tax$720
Home insurance$522
FHA mortgage insurance (MIP)$755

You need at least $43,810 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Milpitas and Santa Clara County

Milpitas is in Santa Clara County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Milpitas's own numbers

Typical home value
$1,251,700
Typical monthly rent
$3,120
Typical yearly household income
$178,798
Households that own their home
58%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Santa Clara County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$3,272
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
6.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Santa Clara County.

Everything about Santa Clara County

Buying

Buying a home in Milpitas

A typical home in Milpitas is worth $1,251,700: 16% below the county and 70% above California. With the typical household income in Milpitas ($178,798 a year), a typical home costs 7.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Milpitas 7.0 years
  • Santa Clara 9.1 years
  • California 7.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Santa Clara County

According to FHFA’s house price index, home prices in Santa Clara County rose 64% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Santa Clara County.

Period County California U.S.
Last year (2025) −0.6% +0.8% +2.9%
5 years (2020–2025) +35% +40% +47%
10 years (2015–2025) +64% +80% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Milpitas next to Santa Clara County, California and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Milpitas $1,251,700
  • Santa Clara $1,490,600
  • California $734,700
  • United States $332,700
Typical monthly rent
  • Milpitas $3,120
  • Santa Clara $2,857
  • California $2,036
  • United States $1,413
Typical yearly household income
  • Milpitas $178,798
  • Santa Clara $164,281
  • California $99,122
  • United States $80,734
See the full table
Milpitas next to Santa Clara County and California
Measure Milpitas Santa Clara County California U.S.
Typical home value $1,251,700 $1,490,600 $734,700 $332,700
Typical monthly rent $3,120 $2,857 $2,036 $1,413
Typical yearly household income $178,798 $164,281 $99,122 $80,734
Households that own their home 58% 55% 56% 65%
Typical yearly property tax $8,582 $10,001 $5,124 $3,119
Effective property tax rate 0.69% 0.67% 0.7% 0.94%
Renters with high rent for their income 36% 45% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Santa Clara County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Milpitas

For a typical $1,251,700 home in Milpitas, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Milpitas's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $10,322a month

    Least cash to close
    Down payment
    $43,810
    Cash to close
    $81,361
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $755

  • Conventional, 5% down $9,891a month

    Down payment
    $62,585
    Cash to close
    $100,136
    Rate
    7.18%
    Mortgage insurance
    PMI · $595

  • Conventional, 20% down, no PMI $8,025a month

    Down payment
    $250,340
    Cash to close
    $287,891
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $9,182a month

    Down payment
    $187,755
    Cash to close
    $225,306
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Milpitas and for Santa Clara County.

Property tax

Effective rate in Milpitas

0.69%of the home’s value each year

$8,582 a year for the typical owner in Milpitas.

  • Milpitas 0.69%
  • Santa Clara 0.67%
  • California 0.7%

What California publishes Homeowners' exemption (California State Board of Equalization (BOE))

Exemptions and deadlines in California

Flood risk in Santa Clara County

FEMA does not publish these numbers by city: they are for all of Santa Clara County.

Homes in the high-risk zone
6.7%
32,371
Of those, with NFIP insurance
22%
County California U.S.
Homes in the high-risk zone 6.7% 2.8% 3.5%
Of those, with NFIP insurance 22% 31% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Milpitas

Typical rent in Milpitas is $3,120 a month: 9% above the county. In Milpitas, 36% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Santa Clara County, by unit size. To pay the 2-bedroom one ($3,272 a month) without spending more than 30% of your income, you would need to earn $62.92 an hour working full time.

HUD fair market rent for all of Santa Clara County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,458 $47.27 $98,320
1 bedroom $2,778 $53.42 $111,120
2 bedrooms $3,272 $62.92 $130,880
3 bedrooms $4,396 $84.54 $175,840
4 bedrooms $4,688 $90.15 $187,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Milpitas

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Milpitas is in ZIP code 95035.

For 2 bedrooms it is $3,700: $428 more than the fair market rent for Santa Clara County ($3,272).

  • 95035 $3,700$4,970

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Milpitas when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Milpitas

HUD lists 4 buildings with rents for lower incomes in Milpitas. These are the largest.

  • Montevista Apts 1001 S Main St, Milpitas 95035 303 homes, 163 low-income · 1 bd: 35 · 2 bd: 82 · 3 bd: 46 · In service since 1998
  • Sunnyhills Apartments 1724 Sunnyhills Dr, Milpitas 95035 171 homes, 149 low-income · For families (408) 263-2626
  • Devries Place Senior Apts 163 N Main St, Milpitas 95035 103 homes, 102 low-income · Studio: 1 · 1 bd: 92 · 2 bd: 10 · In service since 2008 · For older adults
  • Aspen Apts (MILPITAS) 81 Mihalakis St, Milpitas 95035 101 homes, 100 low-income · 2 bd: 51 · 3 bd: 50 · In service since 2008 · For families

See all 314 buildings in Santa Clara County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Milpitas

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Santa Clara County; 2 say they serve in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Milpitas

No down payment, repair or rent-help program on our list is for Milpitas or Santa Clara County. The ones below are statewide in California: they work in Milpitas the same as in the rest of the state.

Which programs do I qualify for? All programs in California

  • MyHome Assistance Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California. Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

  • California Dream For All Shared Appreciation Loan

    Statewide in California

    Closed, per the source

    CalHFA down payment loan for first-generation buyers in California; when you sell, you repay the loan plus a share of the home's appreciation. Offered by California Housing Finance Agency (CalHFA).

    Shared appreciation

    See the program Official page

  • MyAccess Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers who use the CalPLUS Access mortgage (FHA or conventional). Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

Housing counselors near Milpitas

The HUD-approved agencies closest to the center of Milpitas, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity East Bay/Silicon Valley - Milpitas

    1608 Las Plumas Ave, San Jose · 5 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (510) 803-3362

  • Santa Clara County Asian Law Alliance

    991 W Hedding St, San Jose · 7 miles away · Spanish

    Also serves in Cantonese, Mandarin Chinese, Korean, and Vietnamese.

    • Fair housing pre-purchase workshops
    • Homelessness services
    • and 2 more
    (408) 287-9710

  • Project Sentinel

    1490 El Camino Real, Santa Clara · 7 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (408) 470-3730

Every agency in Santa Clara County All counseling agencies in California

Help in Spanish near Milpitas

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Milpitas

HUD’s record names them for Milpitas or Santa Clara County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Santa Clara County Housing Authority Public housing and Section 8 vouchers (408) 275-8770

One other authority has an office in Santa Clara County: see the list Source: HUD

Cities

Other cities in Santa Clara County

These cities are also in Santa Clara County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Santa Clara County Housing in California
See 6 more cities in Santa Clara County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Milpitas, with the typical home value.

Neighboring counties

If Santa Clara County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Milpitas.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Milpitas

Short answers with the numbers for Milpitas and all of Santa Clara County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Milpitas?

The typical home value in Milpitas is $1,251,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Santa Clara County it is $1,490,600.

How much does it cost to rent in Milpitas?

Typical rent in Milpitas is $3,120 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Santa Clara County is $3,272.

What is the FHA loan limit in Milpitas?

Milpitas uses the FHA limit for all of Santa Clara County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Milpitas?

The typical homeowner in Milpitas pays $8,582 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Santa Clara County, the rate is 0.67%.

Where can I find free help to buy or rent in Milpitas?

There are 3 HUD-approved counseling agencies with an office in Santa Clara County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).