Housing in Milpitas, CA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,225,000
Median List Price
$1,348,888
Price Per Sq Ft
$840
Days on Market
34
Active Inventory
43
Months of Supply
2.7
Seller's market
Zillow Home Value
$1,437,673
ZHVI — January 2026
Zillow Rent Index
$3,321
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
31.3%
Off Market in 2 Weeks
55.3%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
16
New Listings
47
Pending Sales
38
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$840
Median List $/SF
$806
Milpitas vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Milpitas is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$1,180,000
Median Rent
$3,112
Total Housing Units
25,763
Vacancy Rate
4.1%
Owner Occupied
59.3%
Renter Occupied
40.7%
Median Property Tax
$8,002
per year
Monthly Cost (w/ Mortgage)
$3,225
Housing Types
The current median sale price in Milpitas, CA is $1,225,000 according to Redfin data. Homes spend a median of 34 days on the market. 31.3% of homes sold above asking price. The market has 2.7 months of supply. The median price per square foot is $840. Zillow's observed rent index is $3,321/month. About 59.3% of housing units are owner-occupied. The median year homes were built is 1987. There are 25,763 total housing units.