MonitorBankRates
☰
New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Milpitas, CA Housing Affordability Index

Milpitas, California has an MBR Housing Affordability Index score of 73.0 (Moderately Less Affordable) as of October 30, 2026, ranking 430th most affordable of 785 scored California cities, compared with 67.5 statewide and 97.4 nationally. On a median-priced $1,251,700 home with 20% down, a jumbo loan at 7.50% means a monthly principal and interest payment of about $7,002, or 47% of the city’s $178,798 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Milpitas is updated every night from live California mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Milpitas MBR-HAI 73.0 Moderately Less Affordable
Rank in California 430 of 785 1 = most affordable
California 67.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.25% California lenders
Median home value $1,251,700 U.S. Census Bureau

Milpitas is 5.5 points above the California score. Scores as of October 30, 2026. See the California index

View Milpitas Mortgage Rates

What It Takes to Buy in Milpitas

$7,002/mo
Principal & Interest
Median home, 20% down, 7.50% jumbo
$300,100
Income Needed
To keep the payment at 28% of income
$178,798
Median Household Income
California: $99,122
7.0x
Price-to-Income Ratio
California: 7.4x
$3,212/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$5,839/yr
Median Property Tax
California figure
31.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
34.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Milpitas, California. The rate is the California average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

Cite the Milpitas Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Milpitas, California score: 73.0 (Moderately Less Affordable), ranked 430 of 785 California cities. monitorbankrates.com/housing-affordability-index/california/milpitas”