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These days, finding an affordable place to live in the Downtown San Mateo area can be challenging. Home prices in Downtown San Mateo are now at a median cost of $1,245,082, lower than the San Mateo average of $1,558,552.
The average cost of rent is $3,278/mo in Downtown San Mateo, primarily driven by the current value of real estate in the Downtown San Mateo area. In Downtown San Mateo, 52.14% of households rent, and 37.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown San Mateo is $13,392 per month. Households that rent pay about 24.47% of their income on rent here. Downtown San Mateo’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Baywood-Aragon, San Mateo, CA: higher priced homes
- Haywood Park, San Mateo, CA: higher priced homes
- East San Mateo, San Mateo, CA: equally priced homes
- North Central San Francisco, San Mateo, CA: higher priced homes
- Shoreview, San Mateo, CA: less expensive homes
- Beresford, San Mateo, CA: higher priced homes
- Downtown Burlingame, Burlingame, CA: higher priced homes
- Hillsdale, San Mateo, CA: higher priced homes
- Marina Lagoon, San Mateo, CA: higher priced homes
- Sugerloaf, San Mateo, CA: higher priced homes
Neighborhoods with Similar Populations
- South West, Hartford, CT: less expensive homes
- Hutton Park, West Orange, NJ: less expensive homes
- Locks, Chicago, IL: less expensive homes
- Logan, Ann Arbor, MI: less expensive homes
- Long Meadow Farms, Richmond, TX: less expensive homes
- Marconi Plaza-Packer Park, Philadelphia, PA: less expensive homes
- Milton Upper Mills, Milton, MA: less expensive homes
- North East, Pasadena, CA: equally priced homes
- North Main, Greenville, SC: less expensive homes
- Oakland, Chicago, IL: less expensive homes
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