The housing market in San Mateo, CA (94401) is booming. According to the data provided, the median value of a home in San Mateo is currently $1,035,900. This is more than three times that of the national median value of $338,100. In addition to having a higher baseline cost for homes, the appreciation of homes in San Mateo over the past year far outpaces that of the nation at large with an appreciation rate of 39.62% compared to 8.27% nationally. Clearly, this demonstrates that those looking to buy or invest in real estate in San Mateo should expect strong returns on their investments for years to come.
The median home cost in San Mateo (zip 94401) is $1,035,900. Home appreciation the last 10 years has been 71.6%. Home Appreciation in San Mateo (zip 94401) is up 14.0%.
Average Age of Homes
- The median age of San Mateo (zip 94401) real estate is 53 years old
The Rental Market in San Mateo (zip 94401)
- Renters make up 56.2% of the San Mateo (zip 94401) population
- 3.6% of houses and apartments in San Mateo (zip 94401), 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.