San Jose, California, is the most expensive U.S. metro area to buy a home for the second year running.
With a median home price exceeding $1.6 million as of May 2025, the Silicon Valley city continues to lead the U.S. in high real estate costs, according to a recent report from SmartAsset, a financial technology company. The report analyzed Zillow data on single-family homes, condos and co-ops in 100 of the country’s largest metro areas in 2020, 2024 and 2025.
California is home to the five most expensive markets by median sale price in 2025, SmartAsset found…