Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 103,536, 37,861 total housing units (homes and apartments), and a median house value of $1,033,579, 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 45.25% of the city's housing units. Other types of housing that are prevalent in San Mateo include large apartment complexes or high rise apartments ( 37.76%), row houses and other attached homes ( 9.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.84%).
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 53.40% of the city's housing hails from this era. Other housing ages represented in San Mateo include homes built between 1970-1999 ( 30.76%) and housing constructed before 1939 ( 10.18%). There's also some housing in San Mateo built between 2000 and later ( 5.66%).
In the last 10 years, San Mateo has experienced some of the highest home appreciation rates of any community in the nation. San Mateo real estate appreciated 42.12% over the last ten years, which is an average annual home appreciation rate of 3.58%, putting San Mateo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Mateo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in San Mateo that despite a nationwide downturn in the housing market, San Mateo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Mateo appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 92.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Mateo. San Mateo appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.
Importantly, this makes San Mateo one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that San Mateo's latest annual appreciation rate is higher than 70% 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 2000, to assist you in making the best San Mateo real estate investment or home purchase decisions.
|$1,101,001 - $1,468,000||24.3|
|$734,001 - $1,101,000||29.6|
|$587,001 - $734,000||8.3|
|$440,001 - $587,000||7.0|
|$294,001 - $440,000||2.9|
|$147,001 - $294,000||1.0|
|$74,001 - $147,000||0.9|
|$0 - $74,000||1.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF San Mateo HOMES|
|2000 or Newer||5.7|
|1970 - 1999||30.8|
|1940 - 1969||53.4|
|1939 or Older||10.2|
|TYPE OF San Mateo HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF San Mateo HOMES|
|5 or more bedrooms||3.03|