Milpitas is popular with Silicon Valley residents as it offers a short commute to many work centers, good schools, and is an overall “good value” for home prices of all sizes. It stretches from near the bay into the hills and includes some areas with fantastic views and luxury estates.

Milpitas luxury home in the foothills

There’s no shortage of shopping or dining, and the Great Mall is a destination for bargain shoppers. This city provides opportunities for golf and also mini golf – something for everyone.

This city enjoys easy transportation with a number of freeways close by plus BART.

Milpitas real estate

As of October, 2023, an average house in Milpitas costs about $1.5 million and a typical condo will fetch approximately $1,100,000. It’s a little less than San Jose as a whole and close to prices of similar homes in the Berryessa area of San Jose to the immediate south.

Each month, we update the housing market data and trends on this site. Please check out the statistics here: Milpitas real estate market.
Housing prices will be impacted by location, the schools of attendance, home size, condition, yard size, condition, and more. Real estate agents are notorious for admonishing “location, location, location”. It is certainly true here!

Homes will be less expensive if situated too close to a train line, grocery store (backup beepers at 2 am), and so on. If a home price looks too good to be true, there’s probably a reason – especially if it’s a closed sale!

The hillside areas provide a luxury tier, featuring large homes and lots and often stunning valley views.

Some things to watch for

Milpitas flood zones
The terrain varies from flat, close to the bay, to hilly, in the east foothills. There are different concerns in the various areas, including natural and environmental hazards. (No place in Santa Clara County is exempt from all hazard zones.)

  • In and near hillsides, it’s super important to control the flow of water to keep it away from the house and to protect the foundation.
  • Milpitas is known for odor problems stemming from the water treatment plant and the dump. This may be most prevalent closer to the bay. The smells are not always there. At times it’s more windy and that may carry the scent to or away from a property.
  • About 25% of this city is in a 100 year flood plain. These zones tend to follow creeks, rivers, and the bay (along with liquefaction zones). In this area, the areas by creeks closest to the bay appear to be the most impacted. Learn more on the city’s Know Your Hazard page.
  • Flooding from dam failure should be on everyone’s radar in Santa Clara County, including this city, which is downhill from 2 reservoirs. You can check the predicted flooding pattern at the Dam Breach Inundation Map Web Publisher (you’ll need to zoom in several times). This map covers most of the state, but not every county or 100% of each county.


Milpitas homes for sale

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See all Milpitas, California Real Estate.
(all data current as of 6/18/2024)

Listing information deemed reliable but not guaranteed. Read full disclaimer.



  • Mary Pope-Handy

    Silicon Valley Realtor, selling homes in Los Gatos, Saratoga, San Jose, Silicon Valley, and nearby since 1993. Prolific blogger with a network of sites.

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