San Jose, California Apartment Market

November 10, 2008 | 1 Comment

San Jose is the 3rd largest city in California, located in the San Andreas Fault-a major source of earthquake activity. The city is approximately 50 miles from San Francisco in the Silicon Valley area.  As you may or may not know, the Silicon Valley is primarily known for the technological/computer oriented businesses, which could explain the employment growth predicted for 2008. According to research from the National Multi Housing Council, 38% of the San Jose market is renter-occupied housing and the median gross rent is $1,123 per month.

Did You Know?

San Jose is a Mecca of professional sports teams. They have the Major League Soccer team the San Jose Earthquakes, the National Hockey League teams the San Jose Sharks and an arena football team named the San Jose SaberCats.

The San Jose apartment market is going very strong. It has rose eight places in the National Apartment Index which was boosted by forecasts for low and declining vacancy and strong rent growth. A majority of the metro’s residential places will be in the form of for-sale projects, but given only 20% of metro households can afford the median priced entry level home; it offers very little competition to apartments.[1] Search for Apartments in San Jose, CA or close by on ForRent.com.

Colleges & Universities:

San Jose houses many higher education institutions. San Jose State University being the most well known, but in addition to the Spartans are: National Hispanic University, Lincoln Law School of San Jose, San Jose City College and Evergreen Valley College.  If you don’t see your University or College listed, you can always visit ForRent.com to search for apartments near colleges/universities in California.


 Get more information and search tips on San Jose Apartments, or view all Apartments for Rent in San Jose, CA


[1] Real Estate Investment Research, 2008 National Apartment Report by Marcus & Millichap Real Estate Investment Services

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