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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 $158,554, lower than the New Mexico average of $265,486.
The average cost of rent is $750/mo in San Mateo, primarily driven by the current value of real estate in the San Mateo area. In San Mateo, 0.32% of households rent, and 57.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in San Mateo is $6,195 per month. Households that rent pay about 12.11% of their income on rent here. San Mateo’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bluewater, NM: less expensive homes
- Prewitt, NM: less expensive homes
- Thoreau, NM: less expensive homes
- Continental Divide, NM: less expensive homes
- McGaffey, NM: equally priced homes
- Perea, NM: less expensive homes
- Rio Rancho, NM: higher priced homes
- Ranchitos, NM: higher priced homes
- Corrales, NM: higher priced homes
- Bernalillo, NM: higher priced homes
Cities with Similar Populations
- Staley Crossroads, VA: higher priced homes
- Highway, KY: less expensive homes
- Hilbert Junction, WI: higher priced homes
- Hinckley, NY: higher priced homes
- Hochheim, TX: higher priced homes
- Holly Grove, LA: less expensive homes
- Horse Creek, WY: higher priced homes
- Huachuca Terrace, AZ: less expensive homes
- South Pulteney, NY: higher priced homes
- Staff, TX: higher priced homes
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