Millbrae, CA is a desirable place to live due to its high median housing value of $1,803,500. This number is significantly higher than the US median value of $338,100. The 1 year house appreciation in Millbrae, CA is 8.61%, which is slightly higher than the US appreciation rate of 8.27%. These numbers demonstrate that housing in Millbrae remains in high demand and continues to increase in value over time.
The median home cost in Millbrae is $1,803,500. Home appreciation the last 10 years has been 88.1%. Home Appreciation in Millbrae is up 13.3%.
Average Age of Homes
- The median age of Millbrae real estate is 57 years old
The Rental Market in Millbrae
- Renters make up 33.7% of the Millbrae population
- 1.9% of houses and apartments in Millbrae, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.