The story of this market
The typical home in San Jose, Northern Mariana Islands sells for about $1,400,000, or $858 per square foot.
Prices are down 3.6% from a year ago, which gives buyers more room to negotiate. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,000 a month.
Monthly price momentum
Home values since 2015
+2.1%
USA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
San Jose, Northern Mariana Islands
The housing market in San Jose, Northern Mariana Islands, reflects a distinct economic environment characterized by lower median incomes and high poverty rates compared to the U.S. national average. Property values remain constrained by the local economic base, with significant reliance on tourism and public sector stability. Market data for specific city-level metrics like days on market or active inventory is largely unavailable, indicating a thin and specialized real estate landscape.
No ARED county foreclosure postings attributed to San Jose yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 3.6% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 102.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.1% · poverty 38.0% — elevated distress and economic pressure.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
Extensive coastal access provides the primary recreational draw for both residents and tourists, significantly influencing property demand.
The market primarily serves local residents, government employees, and investors interested in the tourism-driven economy of the Northern Mariana Islands.
Transportation is primarily road-based, with limited public transit infrastructure serving the island's population centers.
The area offers significant natural amenities including coastal access, beaches, and outdoor recreational opportunities typical of the Northern Mariana Islands.
The rental market is characterized by a mix of residential and short-term vacation units, with limited depth and varying vacancy pressures depending on tourism cycles.
The economy is heavily reliant on tourism and public sector employment, with limited industrial diversification.
Economic momentum is tied to tourism and government sectors, with limited large-scale industrial diversification currently reported.
The region faces significant climate risks, including tropical storm and typhoon exposure, which necessitates robust building standards and comprehensive property insurance coverage.
Property insurance markets are heavily influenced by high-risk exposure to typhoons and tropical weather events, leading to elevated premiums.
Property taxation in the Commonwealth of the Northern Mariana Islands generally follows a rate structure ranging from 0.5% to 1.5%, though specific local exemptions and assessment formulas vary by jurisdiction.
Data retrieved from U.S. Census Bureau 2020 Island Areas Census.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.