A progressive city at the southern tip of the San Francisco Bay, Milpitas is an integral part of Silicon Valley. Home to a very diverse population of approximately 70,800 residents, Milpitas boasts quick and convenient access to shopping, dining, entertainment, recreation and excellent schools. Milpitas is an affluent community with well-educated residents and an average household income around $98,979, with more than sixty-five percent of households boasting an annual income over $75,000. The median home value in Milpitas is around $745,000 and the homeownership rate is near seventy percent. That said, Milpitas real estate is quite affordable compared to most of Santa Clara County.
Considered the “Crossroads of Silicon Valley,” Milpitas is composed of 13.63 square miles nestled between Interstate 680, Interstate 880, State Route 237 and a County expressway. Milpitas encompasses roughly 2.9 square miles of industrial use land, of which 271 acres are vacant and available. 350 acres of Milpitas land is dedicated to regional and community retail centers, including The Great Mall of the Bay Area. There are thirty-one community parks, one dog park and twenty-four tennis courts in Milpitas. This spectacular city is also home to cultural arts and theater, aquatics, sports leagues, senior activities and services, youth programming and wonderful community events and festivals.
Milpitas is bordered by Alameda County on the north, as well as Fremont and East Bay, and is situated in the extreme northeast part of the South Bay. With its great location and wonderful features, Milpitas is an excellent city in which to buy a home. Homes for sale in Milpitas vary in age, size, architectural style, location and special features. Mobile homes and floating homes in Milpitas are the least expensive housing options with an average listing price around $241,000. There are not very many from which to choose, but multi-family homes in Milpitas have an average listing price around $1.5 million. There are quite a few condos and townhomes for sale in Milpitas, with an average listing price around $649,700, and single family homes are the most plentiful real estate option in Milpitas and have an average listing price around $921,000.
If you would like to learn more about the homes for sale in Milpitas, California, please do not hesitate to contact us today.