San Jose, where median listing prices often top the million dollar mark, continues to be a popular destination for home buyers. If you don’t have a million dollars lying around, you can take advantage of growing areas in and around San Jose that offer houses in the $600,000 range. These neighborhoods are predicted to grow tremendously throughout 2017. Take a look!
Photo source: HomeBay listing
While this neighborhood is technically located in Sunnyvale, it’s only 11 miles outside of San Jose proper and is significantly more affordable. Diversity is a dominate feature in East Murphy, an area that boasts a mix of multiple unit buildings and single family residences. With a vibrant and active social scene, East Murphy is home to a number of gyms, yoga studios, and cafes – making the neighborhood a popular destination for young professionals.
Lakewood Village, also in Sunnyvale area of San Jose, is dominated by well-maintained homes that were built in the 50s. Of modest size — the median square footage for a home in the neighborhood is around 1,100 — these homes tend to be charmingly topped by flat roofs. Most of the area is situated close to the freeway, giving homeowners an easy start to their commute – a critical consideration in Silicon Valley.
Fairgrounds (aka South Campus):
Located in San Jose proper, the Fairgrounds neighborhood has long been a blue-collar enclave. For this reason, the median home prices are more affordable. This bustling hub is home to tons of family-friendly things to do, and has a little something for everyone. You can head to the Happy Hollow Park & Zoo, catch a San Jose Giants baseball game at the Municipal Stadium or spend a peaceful afternoon in the Japanese Friendship Garden.
North Valley (aka Berryessa District):
North Valley is located in the northeast corner of San Jose. The site of a light rail station, the North Valley is also slated to obtain a BART station in 2018. The neighborhood has a close-knit feel, which is especially evident at the Berryessa Art & Wine Festival. This longtime tradition is usually held in May and features around 150 artist booths, more than a dozen food vendors run by Berryessa non-profit organizations and a Community Row that highlights service groups in the area.
Multiple top real estate sites predict these charming, convenient and affordable communities in the San Jose area will experience rapid growth in the coming years. Whether you’re an investor or are seeking a primary residence in Silicon Valley – move fast to get in at the ground level!