Almaden Valley is an upper middle class neighborhood with a population of about 37,000+ in size in the South East portion of San Jose. Almaden Valley is named after the New Almaden Quick Silver Mines. These mines used to produce mercury in the Gold Rush era. The mines were closed in 1975 and the property has been converted to Almaden Quicksilver Park.
Almaden Valley is a part of the Silicon Valley, the main industry in the neighborhood is now high technology research and development; IBM Research Center is located there.
Almaden Valley homes are typically owned by local professionals, scientists, athletes, and Silicon Valley executives. The cost of a home in the neighborhood is generally in the $1 million-plus range.