Mortgage Rates for ZIP Code 95109 — San Jose, California — April 2026
Updated April 2026 | Based on local lending data for ZIP code 95109 in San Jose, CA
ZIP code 95109 is located in San Jose, California, serving a population of approximately 34,738 residents. The current 30-year fixed mortgage rate in this area is 6.54%, which is 0.45% above the national average. With a median home price of $1,314,220 and a 20% down payment of $262,844, homebuyers in ZIP 95109 can expect a monthly principal and interest payment of approximately $6,673.
Current Mortgage Rates in ZIP Code 95109
Below are the current average mortgage rates available in ZIP code 95109 (San Jose, CA) as of April 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.54% | 6.09% | +0.45% |
| 15-Year Fixed | 5.78% | 5.58% | +0.2% |
| 5/1 ARM | 6.12% | 5.95% | +0.17% |
| FHA | 6.24% | 5.85% | +0.39% |
| VA | 5.94% | 5.65% | +0.29% |
| Jumbo | 6.74% | 6.25% | +0.49% |
Housing Market in ZIP Code 95109
The housing market in ZIP code 95109 (San Jose) is competitive with prices well above the national median. The median household income in this area is $116,312, and the cost of living index is 215 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $319,800 to comfortably afford the median-priced home in this area, which exceeds the current median household income.
Monthly Payment Breakdown for ZIP 95109
Based on the median home price of $1,314,220 with 20% down ($262,844), here is what you can expect to pay monthly in ZIP code 95109:
15-Year vs. 30-Year Mortgage in ZIP 95109
Choosing a 15-year mortgage in ZIP code 95109 at 5.78% instead of a 30-year at 6.54% would save you $827,640 in total interest over the life of the loan. However, your monthly payment would be $8,748 instead of $6,673 — an increase of $2,075 per month.
Calculate Your Mortgage Payment for ZIP 95109
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About ZIP Code 95109
What are the current mortgage rates in ZIP code 95109?
As of April 2026, the average 30-year fixed mortgage rate in ZIP code 95109 (San Jose, California) is 6.54%, while the 15-year fixed rate is 5.78%. FHA loans average 6.24% and VA loans 5.94%. These rates are 0.45% above the national average of 6.09%.
What is the median home price in ZIP code 95109?
The median home price in ZIP code 95109 is $1,314,220 as of 2026. With a 20% down payment of $262,844, the estimated monthly mortgage payment is $6,673 for principal and interest, plus $789 in property taxes.
How much income do I need to buy a home in ZIP 95109?
Using the 28% rule, you would need an annual income of approximately $319,800 to afford the median-priced home in ZIP code 95109 at $1,314,220. The median household income in this area is $116,312. This means most households would need to either earn above the median or consider homes below $1,314,220.
How do mortgage rates in ZIP 95109 compare to the national average?
The 30-year fixed mortgage rate in ZIP code 95109 is 6.54%, which is 0.45% above the national average of 6.09%. Local rates can vary based on regional lending competition, property values, and economic conditions in San Jose, California. This area has a higher cost of living (index: 215) compared to the national average of 100.
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Last updated: April 2026. Rates are approximate averages based on regional lending data for ZIP code 95109 in San Jose, California. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.