San Mateo, CA is a desirable area to live in with a beautiful landscape and an inviting atmosphere. The median value of housing in San Mateo is significantly higher than that of the US overall, at $1,378,900 compared to $338,100. This indicates that the real estate market in San Mateo is more attractive and in greater demand. The house appreciation rate in San Mateo over the past year has been remarkable at 39.61%, far higher than the national rate of 8.27%. With such impressive numbers, it's easy to see why people are so eager to move into this area and invest in its real estate market.
The median home cost in San Mateo is $1,378,900. Home appreciation the last 10 years has been 71.6%. Home Appreciation in San Mateo is up 14.0%.
Average Age of Homes
- The median age of San Mateo real estate is 55 years old
The Rental Market in San Mateo
- Renters make up 44.6% of the San Mateo population
- 2.9% of houses and apartments in San Mateo, 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.