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Milpitas Real Estate Analysis

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About Milpitas

Located at the southern tip of the San Francisco Bay, the City of Milpitas is a progressive community that is an integral part of the high tech Silicon Valley.  With a very diversified resident population of 70,817, Milpitas features quality schools, conveniently located neighborhood parks and shopping centers.

Milpitas is an affluent and well-educated community with an average household income of $98,979.  More than 65% of Milpitas households have an annual income that exceeds $75,000.  The homeownership rate is close to 70% with a median home value of $745,000.  Milpitas’ housing market remains affordable relative to the majority of Santa Clara County.

Milpitas is often called the “Crossroads of Silicon Valley” with most of its 13.63 square miles of land situated between two major freeways (I-880 and I-680), State Route 237, and a County expressway.  A new light rail line opened for service in 2004 and an extension of BART including a major multi-modal station is in the planning stage.  There are approximately 1,790 acres, or 2.9 square miles, designated for various industrial uses.  About 271 acres are vacant and available in parcels ranging from ½ acre to 75 acres.  There are eight existing industrial parks and 550 manufacturing plants in Milpitas.

An additional 350 acres are dedicated to regional and community retail centers supporting 3.5 million square feet of commercial shops.  The Great Mall of the Bay Area is the largest enclosed mall in Northern California, with approximately 1.1 million square feet of leasable space for retail and entertainment operations.  Several local shopping centers serve regional needs for Asian-oriented retail and services.

The two largest employers in Milpitas are Cisco Systems and Lifescan, Inc., with over 2,500 employees each.  Other major employers are Solectron Corporation;  LSI Logic Corporation; Linear Technology; KLA-Tencor Corporation; Maxtor Corporation; Xicor, Inc.; Seagate Technology, and the newly relocated SanDisk.  Several of these top employers have made the City of Milpitas their corporate headquarters as well.  Given the City’s desirable location for high-tech industry, the daytime population of Milpitas doubles to 130,000.

Milpitas is rich in diversity.  In 2000, Asians constituted 52% of the population with Filipino the largest Asian group at 15%.  Caucasians were 24%; Hispanic 17% and African-American were 3%.

Thirty-one community parks are maintained by Milpitas, in addition to one dog park and 24 tennis courts.  The City provides a multitude of outstanding recreational opportunities, including aquatics, cultural arts and theater, sports leagues and activities, youth programming, and senior activities and services.

Housing

Photo of This division ensures that residential, commercial and industrial properties are maintained in accordance with regulations of the Municipal Code and Uniform Housing Code and administers the Graffiti Abatement Program, the Abandoned Vehicle Abatement Program and the Animal Control Ordinance. This division also administers the Community Development Block Grant (CDBG) and the City’s Housing Rehabilitation Loan Program to benefit low income residents.

Homeownership Programs:

The  mission of Homeownership Programs is to provide affordable housing opportunities  by offering below-market interest rate mortgage loans to very low-to-moderate  income first-time homebuyers. The Program strives to achieve availability of  mortgage funds 365 days a year, an equitable geographic distribution of its  loans throughout the state, and equal balance between newly constructed and  resale homes. There are several unique features and programs offered which may  fit the need of the prospective buyer. You may also browse through the  California Housing Finance Agency (CHFA) site for more information.

Housing Element (2007 – 2014):

Housing Element Approved – June 15, 2010 Adobe Icon

The Housing Element requires cities to plan to meet their existing and projected housing needs including their share of the regional housing need. State law  requires that the Housing Element be updated every five years. The prior Milpitas Housing Element, certified by HCD in 2002, is still valid today. However, since there have been changes in State law and in housing market conditions, it is necessary to update the 2002 Housing Element. » Read More … Adobe Icon


Housing Hours:
455 East Calaveras Boulevard Monday-Friday: 8:00 am-5:00 pm
Main Phone: (408) 586-3071
Principal Housing Planner: Felix Reliford

Milpitas Real Estate Listings

Active Listings in Milpitas

1290 Nestwood WAY MILPITAS, CA 95035
Photo of 1290 Nestwood WAY, MILPITAS, CA 95035 (MLS # ML81678877)
2 beds 3 baths 1,258 sqft $791,000
700 S Abel ST 403 MILPITAS, CA 95035
Photo of 700 S Abel ST 403, MILPITAS, CA 95035 (MLS # ML81677431)
3 beds 2 baths 1,421 sqft $777,999
269 N Temple DR MILPITAS, CA 95035
Photo of 269 N Temple DR, MILPITAS, CA 95035 (MLS # ML81678659)
2 beds 2 baths 976 sqft $560,000
33 Cloud WALK MILPITAS, CA 95035
Photo of 33 Cloud WALK, MILPITAS, CA 95035 (MLS # ML81678068)
2 beds 3 baths 1,353 sqft $800,000
351 Silvertip CT MILPITAS, CA 95035
Photo of 351 Silvertip CT, MILPITAS, CA 95035 (MLS # ML81677839)
3 beds 2 baths 1,215 sqft $689,000

Sold Listings in Milpitas

1101 S Main ST 410 MILPITAS, CA 95035
Photo of 1101 S Main ST 410, MILPITAS, CA 95035 (MLS # ML81674714)
2 beds 2 baths 977 sqft $610,000
1629 Teresa Marie TER MILPITAS, CA 95035
Photo of 1629 Teresa Marie TER, MILPITAS, CA 95035 (MLS # ML81674373)
2 beds 3 baths 1,165 sqft $745,000
66 Parc Place DR MILPITAS, CA 95035
Photo of 66 Parc Place DR, MILPITAS, CA 95035 (MLS # ML81673192)
3 beds 2 baths 1,530 sqft $790,000
210 Lynn AVE MILPITAS, CA 95035
Photo of 210 Lynn AVE, MILPITAS, CA 95035 (MLS # ML81672728)
3 beds 2 baths 1,146 sqft $650,000
113 N Gadsden DR MILPITAS, CA 95035
Photo of 113 N Gadsden DR, MILPITAS, CA 95035 (MLS # ML81672100)
3 beds 2 baths 1,196 sqft $795,000
359 Imagination PL MILPITAS, CA 95035
Photo of 359 Imagination PL, MILPITAS, CA 95035 (MLS # ML81671437)
3 beds 3 baths 1,243 sqft $765,000
600 S Abel ST 419 MILPITAS, CA 95035
Photo of 600 S Abel ST 419, MILPITAS, CA 95035 (MLS # ML81670510)
2 beds 2 baths 1,259 sqft $702,000
513 Folsom CIR MILPITAS, CA 95035
Photo of 513 Folsom CIR, MILPITAS, CA 95035 (MLS # ML81670129)
2 beds 3 baths 1,350 sqft $800,000
376 Celebration DR MILPITAS, CA 95035
Photo of 376 Celebration DR, MILPITAS, CA 95035 (MLS # ML81670059)
2 beds 3 baths 1,187 sqft $695,000
600 S Abel ST 418 MILPITAS, CA 95035
Photo of 600 S Abel ST 418, MILPITAS, CA 95035 (MLS # ML81669379)
3 beds 2 baths 1,421 sqft $778,000
700 S Abel ST 225 MILPITAS, CA 95035
Photo of 700 S Abel ST 225, MILPITAS, CA 95035 (MLS # ML81668799)
2 beds 2 baths 1,259 sqft $690,000
600 S Abel ST 302 MILPITAS, CA 95035
Photo of 600 S Abel ST 302, MILPITAS, CA 95035 (MLS # ML81668774)
2 beds 2 baths 1,309 sqft $700,000
1393 Highland CT MILPITAS, CA 95035
Photo of 1393 Highland CT, MILPITAS, CA 95035 (MLS # ML81646150)
3 beds 2 baths 1,155 sqft $562,250
247 Dixon RD MILPITAS, CA 95035
Photo of 247 Dixon RD, MILPITAS, CA 95035 (MLS # ML81673483)
3 beds 2 baths 1,152 sqft $735,000
327 Celebration DR MILPITAS, CA 95035
Photo of 327 Celebration DR, MILPITAS, CA 95035 (MLS # ML81670097)
2 beds 2 baths 1,012 sqft $680,000

Milpitas School Data

Milpitas School Districts

Milpitas Unified School District
K-6
http://www.musd.org

Milpitas Schools

William Burnett Elementary School
K-6, public
http://www.milpitas.k12.ca.us
Calaveras Hills School
9-12, public
http://www.musd.org
Curtner Elementary School
K-6, public
Milpitas High School
9-12, public
http://www.mhs.musd.org
Marshall Pomeroy Elementary School
K-6, public
http://www.musd.org
Rancho Milpitas Middle School
7-8, public
Robert Randall Elementary School
K-6, public
Alexander Rose Elementary School
K-6, public
http://www.musd.org
Thomas Russell Middle School
7-8, public
http://www.zenpageweavers.com/Russell99/welcome.htm
John Sinnott Elementary School
K-6, public
http://www.milpitas.k12.ca.us
Anthony Spangler Elementary School
K-6, public
Joseph Weller Elementary School
K-6, public
http://www.musd.org/weller
Pearl Zanker Elementary School
K-6, public
Milpitas Foothill Seventh-Day School
K-8, private
http://www.foothilladventistschool.org
St. John the Baptist Catholic School
PK-8, private
http://www.sjbs.org
Merryhill School
K-8, private
http://milpitas.merryhillschool.com
Kindercare
K, private
Monarch Christian School
PK-4, private
Milpitas Montessori School
PK-2, private
http://www.milpitasmontessori.com
Milpitas Community Day
9-12, public
http://www.musd.org
Merryhill School
K-8, private
http://milpitas.merryhillschool.com
Lang Learning Center
2-12, private
Plantation Christian
1-12, private
Monarch Christian Schools
K, private
http://www.monarchchristianschools.org
C.H.I.N.G. Academy
2-9, private

Posted on August 16, 2012 at 3:14 pm by Silicon Valley Realty Team

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