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San Mateo city, CA

ZIP 94401 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94401

Median Home Value
$1,123,300
Median Rent
$2,590
Affordability Snapshot
$309,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,216/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

9.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94401 in San Mateo city, CA, a household would need roughly $309,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,216. That is about 155% above the local median household income ($121,258), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
44.4%-32% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
94.4%+9% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
11.7%-9% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
29.6%-40% vs US avg
x
Mortgage-Free
33.7%-12% vs US avg
x
$1,123,300
Home Value
$2,590
Rent
1964
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached29.3%
  • 1-unit attached8.9%
  • 2-9 units15.8%
  • 10+ units45.5%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,123,300
Median rent$2,590
Owner-occupied44.4%
Vacant5.2%
Price-to-income9.3x
Est. income to buy$309,000