Finding a $9,000 monthly mortgage payment in San Jose is ‘very reasonable,’ realtors say

FOR 15 YEARS, Matthew Quevedo and his wife, A’Dreana, moved from apartment to apartment in San Jose.

They started with a $900 a month one-bedroom in the Seven Trees neighborhood when they were both 18 years old, making $12 an hour at Home Depot. But in October 2020, after years of saving up, they got a piece of the American Dream — the couple bought their first home: A two-bedroom, one-bathroom between Northside and Japantown. It’s walking distance from San Jose City Hall, where Quevedo works as the chief of staff to San Jose Councilmember Matt Mahan. It cost $775,000, and their mortgage is $4,000 a month.