The Most Affordable Neighborhoods in Downtown San Mateo, San Mateo, CA by Home Value

 

Downtown San Mateo, San Mateo, CA Map of Most Affordable Neighborhoods
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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 $1,096,666, lower than the San Mateo average of $1,351,161.

The average cost of rent is $2,647/mo in Downtown San Mateo, primarily driven by the current value of real estate in the Downtown San Mateo area. While nearly 40.07% of residents own their homes outright in Downtown San Mateo, 53.78% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown San Mateo is $9,098 per month. Households that rent pay about 29.09% of their income on rent here. Downtown San Mateo's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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