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Demographic Trends Census Brief:
- The City's housing stock increased by 22,476 units or 8.7% over the 1990-2000 time period, from 259,365 units in 1990 to 281,841 units in 2000. The occupancy rate of housing in San Jose is very high, at 98.1% in 2000. This rate of occupancy is even higher than the figure for Santa Clara County as a whole (97.7%), which itself had the highest occupancy rate of any county in the Bay Area region in 2000.
- Figures on housing tenure (i.e., owner occupancy or renter occupancy) have been quite stable over the last twenty years, with approximately 62% of all San Jose households owning their home. However, housing tenure statistics varied substantially by geographic location and race/ethnicity in 2000. For example, Council District 8 had a very high rate of owner occupancy (85.8%), while owner occupancy in Council District 3 was quite low (30.4%). Likewise, the rate of owner occupancy among non-Hispanic White householders was relatively high (69.9%), while that of Hispanic householders was considerably lower (47.3%).
- Single-family dwellings comprised two-thirds of the City's total housing supply in 2000, while attached unit types (e.g., townhomes) were the fastest-growing segment of the single-family category, rising 10.5% during the 1990's. Nonetheless, large multi-family attached housing (i.e., structures containing 20 or more units) saw the most notable increase over this time period, jumping nearly 40% from 22,718 units in 1990 to 31,564 units in 2000.
- Over half (52.1%) of San Jose's housing stock was built within the span of two decades, the 1960's and 1970's. Another 27.1% of units have been constructed since that time, while only about 5% existed prior to 1940.
- The median value of owner-occupied housing units in San Jose was $394,000 in 2000, with one-quarter of these units valued at over $500,000. Of those owner-occupied units with a mortgage, almost half (46.4%) carried monthly owner costs of $2,000 or more. These owner costs amounted to 30% or more of household income (a standard measure of "affordability") for three out of ten of all such households in 2000.
- The median gross rent of renter-occupied housing units in San Jose was $1,123 in 2000, with roughly one-fifth (21.2%) commanding monthly rent of $1,500 or more. Gross rent represented 30% or more of household income in 41.6% of renter-occupied households in 2000, with one-third of such households paying 35% or more of their income in rent.
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