Campbell, California

Population

Down 3.0% since 2020.

42,490

people, the 202nd-largest of California's cities and towns.

Census Population Estimates, 2025. Rank among California's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

Nearly every job here goes to someone who lives somewhere else.

95.0%

of 26,813 jobs located in Campbell are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Unemployment, 2026

The low came in May: 3.4%.

4.3%

in August 2026, the latest month released. A year earlier it was 4.8%.

BLS Local Area Unemployment Statistics, monthly, through August 2026. Not seasonally adjusted, so compare with the same month a year earlier. Sources: BLS Local Area Unemployment Statistics

Rent

Median rent is up 104% since the 2005–2009 survey, before inflation.

$2,737

a month. California's median is $2,036.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent doubles.

A $2,515 gap between neighbors, the sharpest rent edge between adjacent tracts in Santa Clara County.

• $986 Tract 5031.22
• $3,501 Tract 5032.11

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$1,252–$1,878

is the monthly rent range local workforce wages support.

• $2,737 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 753 homes permitted in ten years, 2016–2025
• 26% of those were in multifamily buildings
• 89% of all homes were built before 2000

Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 0.5–1.5% to the 18,238 homes here.

85–268

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 120% more than California's.

$1,617,000

median home value in Campbell.

• $1,617,000 Campbell
• $734,700 California
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year