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Sarah Mitchell
Compass Real Estate · ZIP 95035
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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95035 ZIP Code Housing Market
$1.29Mmedian sale price
What is the 95035 housing market like right now?
The median home sale price in ZIP code 95035 is $1.29M, down 9.5% year-over-year. Homes sell in an average of 15 days with 83 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 95035 ZIP code a buyer's or seller's market?
ZIP code 95035 is currently a seller's market and homes selling in about 15 days. How we determine this →
What are the latest 95035 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.29M |
| Median list price | $1.20M |
| Year-over-year price change | -9.5% |
| Average days on market | 15 days |
| Active inventory | 83 listings |
| Sale-to-list price ratio | 104.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 95035 zip code, located in Milpitas, CA, is currently classified as a seller's market. The median sale price stands at $1.29M, representing a -9.5% change year over year. Homes in this area spend an average of 15 days on the market before going under contract. There are currently 83 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 95035 sits in the Milpitas, CA area, roughly 1 miles from downtown Milpitas. Because home prices are set street by street, this ZIP can move differently from Milpitas's citywide averages. The figures below reflect 95035 specifically — drawn from Redfin transactions, U.S. Census data for its 78,810 residents, and Zillow value estimates.
Homes sold
119
Last 12 weeks
Days on market
15
Fast-moving
Active listings
83
Sale-to-list
104.2%
Above asking
Market trends
What is driving the 95035 housing market?
The 95035 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 104.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 95035 have declined -9.5% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 95035 stands at $1.47M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,553 per month. This gives a price-to-rent ratio of approximately 34.5, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 95035?
Population
78,810
Median income
$178,654/yr
Median age
36.8 years
Owner-occupied
58.5%
College grads
58.2%
Avg commute
30.89 min
What is it like living in 95035?
Zip code 95035 is home to approximately 78,810 residents. The median household income is $178,654 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 58.5% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 58.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.89 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 95035.
Which public schools serve ZIP 95035?
15 schools tracked · 10,188 students
The largest public schools serving ZIP code 95035 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Milpitas High
Grades 9-12 · 3,029 students
Thomas Russell Middle
Grades 7-8 · 769 students
John Sinnott Elementary
Grades K-6 · 724 students
Mabel Mattos Elementary
Grades K-6 · 666 students
Curtner Elementary
Grades K-6 · 660 students
Rancho Milpitas Middle
Grades 7-8 · 654 students
Anthony Spangler Elementary
Grades K-6 · 623 students
Marshall Pomeroy Elementary
Grades K-6 · 614 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 95035
What is the median home price in 95035?
The current median sale price in 95035 is $1.29M, based on recent Redfin transaction data. Prices have changed -9.5% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 95035 a buyer's or seller's market?
The 95035 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 95035?
Zip code 95035 has a population of approximately 78,810 residents. The median household income is $178,654 per year. About 58.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 95035?
Properties Incorporated provides comprehensive data for 95035 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 95035 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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