What is the median home value in ZIP 94303 in Santa Clara County, CA?

The median home value in ZIP 94303 in Santa Clara County, CA is $2,109,000, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 94303?

The rent-to-income ratio in ZIP 94303 is 32.8%, based on HUD Fair Market Rent divided by Census median household income. This indicates a rent-burdened area where tenants spend over 30% of income on housing.

San Jose-Sunnyvale-Santa Clara, CA · California

Santa Clara County

ZIP 94303

1.9M residents6,200 permits TTM$159,674 median HHI58 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$1,382,800

ACS 5-Year

Cap rate proxy

3.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

21.1%

HUD FMR ÷ ACS HHI

Net migration

+2.19%

IRS SOI

Permits (TTM)

6,200

Census BPS

Climate risk

99.7

FEMA NRI (0–100)

ZIP 94303

Median home value

$2,109,000

Gross yield

1.9%

Cap rate

2.5%

Rent gap

-32.1%

Affordability

P/I: 13.2R/I: 32.8%

Section 8 detail

SAFMR: $3,300Rent: $2,814Gap: 17.3%

ZIP code breakdown58 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
95134	$1,093,887	$4,740	5.2%	3.7%	28.2%
95113	$664,064	$3,790	6.8%	6.3%	8.2%
95110	$838,359	$3,240	4.6%	4.3%	6.9%
95121	$1,256,963	$3,580	3.4%	2.7%	19.8%
95131	$1,368,897	$3,820	3.3%	3.1%	6.9%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$936,838	$2,820	3.6%	4.1%	-12.9%
$1,109,005	$3,000	3.2%	3.6%	-11.5%
$1,069,307	$2,540	2.9%	3.6%	-25.8%
$990,519	$2,820	3.4%	3.6%	-4.7%
$1,006,941	$3,060	3.6%	3.5%	3.9%
$1,065,926	$2,750	3.1%	3.5%	-13.0%
$1,166,076	$3,120	3.2%	3.4%	-6.3%
$1,334,408	$2,820	2.5%	3.2%	-27.4%
$1,526,123	$4,430	3.5%	3.2%	9.1%
$1,539,922	$4,050	3.2%	3.2%	0.0%
$1,758,214	$4,040	2.8%	3.1%	-10.9%
$1,592,957	$3,860	2.9%	3.0%	-4.4%
$1,193,850	$3,400	3.4%	2.9%	13.7%
$1,676,126	$3,130	2.2%	2.8%	-25.2%
$1,381,573	$3,540	3.1%	2.8%	9.2%
$1,389,976	$3,370	2.9%	2.8%	4.3%
$1,572,975	$4,220	3.2%	2.8%	14.1%
$1,479,444	$3,790	3.1%	2.7%	11.7%
$1,469,517	$4,180	3.4%	2.7%	21.7%
$2,256,137	$3,580	1.9%	2.6%	-37.3%
$1,672,154	$3,870	2.8%	2.6%	6.6%
$1,469,372	$3,430	2.8%	2.6%	8.7%
$1,632,987	$3,340	2.5%	2.5%	-3.6%
$1,361,280	$4,290	3.8%	2.5%	34.4%
$2,109,000	$3,300	1.9%	2.5%	-32.1%
$1,382,800county est.	$3,450	3.0%	2.4%	18.4%
$1,382,800county est.	$3,340	2.9%	2.4%	15.8%
$1,382,800county est.	$2,990	2.6%	2.4%	5.9%
$1,382,800county est.	$3,300	2.9%	2.4%	14.7%
$1,426,268	$3,560	3.0%	2.4%	21.0%
$1,961,135	$3,670	2.2%	2.3%	-2.5%
$2,232,463	$3,880	2.1%	2.3%	-7.9%
$1,942,574	$3,870	2.4%	2.2%	6.5%
$1,905,587	$3,960	2.5%	2.2%	11.1%
$1,885,894	$3,160	2.0%	2.1%	-6.3%
$1,587,449	$2,830	2.1%	2.1%	0.6%
$1,802,289	$3,460	2.3%	1.9%	18.7%
$1,904,228	$3,530	2.2%	1.8%	17.0%
$1,799,371	$3,120	2.1%	1.8%	13.4%
$2,581,298	$3,770	1.8%	1.8%	-1.5%
$2,846,288	$4,250	1.8%	1.7%	5.5%
$2,168,311	$2,770	1.5%	1.7%	-9.2%
$3,481,380	$3,470	1.2%	1.6%	-32.0%
$2,679,447	$3,580	1.6%	1.5%	4.6%
$3,120,648	$4,440	1.7%	1.5%	11.7%
$2,834,063	$4,110	1.7%	1.4%	19.1%
$4,336,380	$3,950	1.1%	1.2%	-14.3%
$3,389,140	$3,790	1.3%	1.2%	14.0%
$3,217,336	$2,540	0.9%	1.1%	-10.8%
$3,230,825	$4,260	1.6%	1.0%	33.9%
$4,068,282	$3,940	1.2%	0.8%	-46.6%
$4,582,370	$4,340	1.1%	0.7%	-73.4%
$5,002,475	$4,190	1.0%	0.7%	-33.1%

Demographics

Owner-occupied

55.3%

Census ACS

Vacancy rate

5.7%

Census ACS

Bachelor's degree +

55.9%

Census ACS

Rent burdened

42.9%

Census ACS (>30% income)

Median age

37.9

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Santa Clara County

See all 58 ZIPs ranked by yield and cap rate