There are currently 27,942 real estate properties in San Mateo, CA, with a median automated valuation model (AVM) price of $1,572,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in San Mateo, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in San Mateo, CA, is $1,731,331.00, with the most expensive house in San Mateo, CA, topping out at $17,500,000.00 and the cheapest home in San Mateo, CA, clocking in at $127,037.00. In other words, there’s something for every potential homebuyer or savvy investor in San Mateo, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in San Mateo, CA, is on a rollercoaster ride. The average rent price in San Mateo, CA, is $3,891.00. Indeed, when looking to rent in San Mateo, CA, you can expect to pay as little as $1,720.00 or as much as $7,080.00, with the average rent median estimated to be $3,800.00. The good news is that finding an affordable and desirable property to rent in San Mateo, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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