95123 — San Jose, CA Home Values
Typical home value $1,355,601 as of June 2026 · 40th of 59 in San Jose-Sunnyvale-Santa Clara, CA
Blue: typical home value (Zillow ZHVI) in ZIP code 95123, June 2021 to June 2026. This page shows observed data only; no forecast.
How 95123 compares in the San Jose-Sunnyvale-Santa Clara, CA area
ZIP code 95123 (San Jose, CA) has a typical home value of $1,355,601 as of June 2026, ranking 40th of 59 ZIP codes tracked in the San Jose-Sunnyvale-Santa Clara, CA area, more expensive than about 34% of ZIP codes in the metro. Prices here have moved -2.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +25.4%, from $1,080,877 in June 2021 to $1,355,601 in June 2026. Against observed rent, the typical home here sells for 32.9× the annual rent ($3,435/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the San Jose-Sunnyvale-Santa Clara, CA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in San Jose.
Population and demographics
ZIP code 95123 has a population of 70,279, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 35.2% White, 29.1% Hispanic or Latino, 26.8% Asian, 5.7% two or more races, 2.8% Black or African American, 0.3% another race, 0.1% American Indian or Alaska Native, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Indigo | 530 Gettysburg Dr., San Jose, CA | 0.3 mi |
| Calero High | 420 Calero Ave., San Jose, CA | 0.3 mi |
| Frost (Earl) Elementary | 530 Gettysburg Dr., San Jose, CA | 0.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 95123?
$1,355,601 as of June 2026, the latest month Zillow has published observed data for.
Is 95123 an expensive ZIP code in the San Jose-Sunnyvale-Santa Clara, CA area?
95123 ranks 40th of 59 ZIP codes in the San Jose-Sunnyvale-Santa Clara, CA area by typical home value, more expensive than about 34% of ZIP codes in the metro.
How much have home values in 95123 changed over the past year?
-2.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 95123?
The typical home price is 32.9× the observed annual rent in this ZIP code ($3,435/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 95123?
70,279, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 95123?
Indigo (0.3 mi), Calero High (0.3 mi), Frost (Earl) Elementary (0.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 95123?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the San Jose-Sunnyvale-Santa Clara, CA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.