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These days, finding an affordable place to live in the San Mateo area can be challenging. Home prices in San Mateo are now at a median cost of $1,558,552, higher than the California average of $812,006.
The average cost of rent is $3,100/mo in San Mateo, primarily driven by the current value of real estate in the San Mateo area. In San Mateo, 49.36% of households rent, and 31.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in San Mateo is $13,379 per month. Households that rent pay about 23.17% of their income on rent here. San Mateo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hillsborough, CA: higher priced homes
- Foster City, CA: equally priced homes
- Highlands-Baywood Park, CA: higher priced homes
- Belmont, CA: higher priced homes
- Burlingame, CA: higher priced homes
- San Carlos, CA: higher priced homes
- Millbrae, CA: higher priced homes
- Redwood City, CA: equally priced homes
- North Fair Oaks, CA: less expensive homes
- San Bruno, CA: less expensive homes
Cities with Similar Populations
- Carlsbad, CA: less expensive homes
- Canton, MI: less expensive homes
- Canton, GA: less expensive homes
- Castle Rock, CO: less expensive homes
- Cary, NC: less expensive homes
- Canyon Country, CA: less expensive homes
- Cape Coral, FL: less expensive homes
- Chattanooga, TN: less expensive homes
- Cedar Rapids, IA: less expensive homes
- Cheektowaga, NY: less expensive homes
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