San Jose, CA variant. This is a San Jose, CA-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
San Jose's gross rental yield - annual rent ÷ property price - is about 2.9%, based on $3,450/month rent on a $1,410,000 median home.
Rental yield in San Jose
Gross yield = ($3,450 × 12) ÷ $1,410,000 = 2.9%. Net yield subtracts property tax (0.74%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. San Jose's sub-5% gross yield signals an appreciation-driven market.
About San Jose, CA
San Jose has no city income tax, so residents pay California state income tax without an additional municipal levy.
San Jose is among the most expensive housing markets in the United States, reflecting the concentrated wealth of Silicon Valley.
San Jose sits at the heart of Silicon Valley, with an economy dominated by the technology and semiconductor industries.
Worked example: San Jose yield
Annual rent $41,400 ÷ price $1,410,000 = 2.9% gross. After 0.74% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $1,410,000
- Median rent: $3,450/mo
- Median household income: $136,010
- Local sales tax: 9.375%
- Effective property tax rate: 0.74%
- Cost of living index: 196 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; San Jose runs about 2.9%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.