San Mateo appreciation rates and housing market information

San Mateo housing market information

With 92,372 people, 38,236 houses or apartments, and a median cost of homes of $884,347, San Mateo house prices are not only among the most expensive in California, San Mateo real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in San Mateo, accounting for 46.21% of the city's housing units. Other types of housing that are prevalent in San Mateo include large apartment complexes or high rise apartments (36.69%), row houses and other attached homes (9.13%), and a few duplexes, homes converted to apartments, or other small apartment buildings (7.85%).

People in San Mateo primarily live in small (one, two, or no bedroom) single-family detached homes. San Mateo has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. San Mateo's housing was primarily built during this period, from the '40s through the '60s. A full 58.36% of the city's housing hails from this era. Other housing ages represented in San Mateo include homes built between 1970-1994 (27.57%), and housing constructed from 1939 and earlier (11.27%). There's also some housing in San Mateo built between 1995 and later (2.80%).

San Mateo home appreciation rates

Appreciation rates for homes in San Mateo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.52%, which ranks in the top 20% nationwide. This equates to an annual average San Mateo house appreciation rate of 10.05%.

Over the last year, San Mateo appreciation rates have trailed the rest of the nation. In the last twelve months, San Mateo's appreciation rate has been -8.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Mateo were at -1.93%, which equates to an annual appreciation rate of -7.72%.

Notably, San Mateo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that San Mateo's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within San Mateo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Mateo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best San Mateo real estate investment or home purchase decisions.