San Jose, CA

Wealthiest neighborhoods in San Jose--do you own a home here?

Channelocity

San Jose is a flourishing city in sunny California. This city is the third-most populated in California and the tenth-most populous in the United States.

We found the wealthiest neighborhoods in San Jose--here's the list.

#1-Silver Creek

Silver Creek rings in as the most expensive place to live in San Jose with an astounding median home price of $1,958,835. This means this residential area in California is more expensive than 99.2% of the neighborhoods in the U.S.

Aside from home prices, the median rental price is $3,594. A 2,920 square foot home in San Jose with 4 bedrooms and 3.5 bathrooms is priced at a staggering $3,495,000. You can view the listing on Redfin.

#2-Silver Creek South

Kiddie corner to Silver Creek, Silver Creek South is the second wealthiest neighborhood in San Jose with a median home price of $1,824,789.

This is a densely populated residential area with a home vacancy rate of only 2.5%. That's a lower vacancy rate than 85.2% of places in the U.S. There's no denying the real estate supply in this area is limited.

The Silver Creek South neighborhood is wealthier than 99.8% of the neighborhoods in the United States. Notably, 79.4% of professionals who live here are executives, managers, and professionals.

#3-Minnesota Ave/Can Ramon

The median home price in the Minnesota Ave/Can Ramon area of San Jose has a median home price of $1,723,491.

The real estate market is hot in this area--the vacancy rate is 0.5%, which is a lower rate of vacancies than 93.5% of all residential areas in the U.S. Only 3.7% of America's neighborhoods are wealthier than residents here.

Those who do work and live in the Minnesota Ave/Can Ramon area commute to the office. In fact, 83.0% drive alone in a private automobile to get to work, and 33.2% of them spend around 15 to 30 minutes commuting.

#4-Murdoch Park

Coming at the fourth spot on our list is Murdock Park in San Jose. This multi-block neighborhood has a median home price of $1,711,216. A humble-looking home here of 1,607 square feet and a modest 4 bedrooms and 2 bathrooms is priced at a staggering $1,795,000. You can view the entire property listing here on Redfin.

There are quite a few wealthy residents here. Only 0.6% of America's neighborhoods are wealthier than those who live in Murdoch Park.

Amazingly, 54.3% of Murdoch Park residents have earned an advanced degree. This includes Master's degrees, MBAs and PhDs.

#5-Rainbow Park

The median home price in Rainbow Park is $1,699,554. As if this statistic isn't high enough, Rainbow Park's average monthly price is currently $5,386.

Residents here are equally male and female. The demographics are 51.3% male and 48.7% female and are more diverse than 43% of U.S. neighborhoods.

The top language spoken here is English and the average household income is $209,129.

San Jose residents, would you ever buy a home in one of these areas? What do you think of this list? Is San Jose a great place to purchase a home? Let us know in the comments!

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