The story of this market
The typical home in ZIP 95035 sells for about $1,365,667, or $740 per square foot.
Prices are down 6.6% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $4,090 a month.
ZIP 95035 — Milpitas
The Milpitas housing market shows signs of stabilization with a median price of approximately $1.15M. While year-over-year prices have seen a moderate decline, the area remains a competitive market for tech-sector professionals due to its strategic location in Silicon Valley. Specific figures for sales count, price cuts, and tax rates were not available at the ZIP level.
This ZIP is ideal for tech-sector commuters and families seeking proximity to Silicon Valley employment hubs, offering a mix of suburban residential neighborhoods and transit-accessible urban amenities.
Median prices moved down 6.6% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% — a stable, low-distress profile.
ZCTA 95035, Santa Clara County, CA
The area is served by the Milpitas Unified School District, which generally maintains strong academic performance ratings within the Santa Clara County region.
Milpitas serves as a major employment hub in Silicon Valley, benefiting from proximity to high-tech corridors and significant transit-oriented development near the Great Mall and VTA light rail.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents benefit from direct access to the VTA light rail and proximity to major highways including I-880 and I-680, facilitating commutes to San Jose and the broader Silicon Valley employment core.
The area features extensive local parks, the Great Mall for regional shopping, and proximity to the Coyote Creek Trail for outdoor recreation.
The rental market is characterized by high demand and premium pricing, with a significant inventory of multi-bedroom units catering to tech-sector professionals.
The local economy is heavily anchored by the technology and manufacturing sectors, with numerous corporate campuses and proximity to major Silicon Valley employers.
The area is well-connected via the VTA light rail system and major highway arteries, supporting a high volume of regional commuter traffic.
Ongoing development focuses on transit-oriented, high-density residential and mixed-use projects near the Milpitas Transit Center.
Parcels are subject to standard Santa Clara County property tax levies, with potential additional assessments for local school district bonds and utility services.
Data retrieved from US Census Bureau and Data Commons.
- California's Great America4.44.8 mi
- Happy Hollow Park & Zoo4.57.7 mi
- Children's Discovery Museum of San Jose4.67.3 mi
- Dave & Buster's Milpitas - San Jose4.11 mi
- K1 Speed Santa Clara46.1 mi
- Levi's Stadium4.44.3 mi
- SAP Center4.66.9 mi
- Topgolf4.23.9 mi
- Winchester Mystery House4.58.4 mi
- Santa Clara Convention Center4.34.6 mi
- Westfield Valley Fair4.47.9 mi
- California's Great America4.44.8 mi
- Winchester Mystery House4.58.4 mi
- AMC Mercado 204.25.5 mi
- Happy Hollow Park & Zoo4.57.7 mi
- Winchester Mystery House4.58.4 mi
- Computer History Museum4.79.9 mi
- Meadowlark Dairy4.815.8 mi
- Children's Discovery Museum of San Jose4.67.3 mi
- The Tech Interactive4.47 mi
- Alviso Marina County Park4.54.4 mi
- Sierra Vista Open Space Preserve4.85.6 mi
- Shoreline Park4.710.3 mi
- Municipal Rose Garden4.77.1 mi
- Central Park4.67.5 mi
- Topgolf4.23.9 mi
- San Jose Municipal Golf Course43.8 mi
- Pruneridge Golf Club4.27.8 mi
- Ed R. Levin County Park4.73 mi
- The Golf Club At Moffett Field4.37.8 mi
- Westfield Valley Fair4.47.9 mi
- Great Mall4.31.2 mi
- Santana Row4.58.1 mi
- Westfield Oakridge4.312.7 mi
- San Francisco International Airport4.329.4 mi
- San Jose Mineta International Airport4.45 mi
- Oakland San Francisco Bay Airport4.226.5 mi
- Elevation LVK4.318.7 mi
- The Club at SJC A154.34.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional outlet shopping destination and anchor for the local economy.
A significant regional greenbelt providing extensive walking and cycling paths.
Key-figure check: median price diverges 15.8% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $1,149,999 (15.8% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,149,999 (-15.8% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.