Market Overview
Home Prices in Milpitas, CA
The median home value in Milpitas, CA is $1,445,017 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milpitas are priced252% above average. Milpitas is part of the San Jose-Sunnyvale-Santa Clara, CA metro area.
Over the past five years, Milpitas home values have risen by approximately21.1%, reflecting strong long-term appreciation in this market.
Price History
Milpitas Home Price Trend
City Comparison
Milpitas vs. National Median
At $1,445,017, homes in Milpitas cost 252% above the national median of $410,000. Buyers in Milpitas should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Milpitas?
20% Down Payment
$289,003
on $1,445,017
Monthly P&I
$7,536/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,571/mo
incl. taxes & insurance
Income Needed
$382,840
gross annual (30% rule)
10% Down Option
$144,502
+ PMI applies
Loan Amount (20% dn)
$1,156,014
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Milpitas, CA?
The median home value in Milpitas is $1,445,017 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Milpitas?
Over the past year, home values in Milpitas have decreased by 2%. Over five years, prices have risen approximately 21.1%.
How much do I need to earn to buy a home in Milpitas?
To comfortably afford the median home price of $1,445,017 with a 20% down payment ($289,003) at today's rates (6.8%), you'd need a gross annual income of approximately $382,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Milpitas compare to the national average home price?
The national median home value is approximately $410,000. At $1,445,017, homes in Milpitas are 252% above the national average.
What metro area is Milpitas part of?
Milpitas is part of the San Jose-Sunnyvale-Santa Clara, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.