Foreclosures in San Mateo, CA

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View this home at Cavanaugh St San Mateo CA 94401
$1,038,720 EMV
Cavanaugh St
San Mateo, CA 94401
2 |
EST. RENT: $3,700
AUCTION: 05-01-2024
2 |
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Home Value Estimator For San Mateo, CA

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!

Rent Prices 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.

Top Reasons To Live In San Mateo, CA In 2024

San Mateo is located in San Mateo, California, with an estimated municipal population of 104,430 residents. All of the best foreclosed homes for sale in San Mateo are located in the following zip code areas on 94404 94401 94402 94403 94497. The estimated population per square kilometer (.62 miles) in San Mateo is 3,312.

Cost Of Living In San Mateo, CA

So, about how much do homes cost in San Mateo? The most recent median value of resident-owned homes in San Mateo is 1,094,599. An estimated 54.4 percent of households in San Mateo own their homes, with an average family size of 3.27. The median household income in San Mateo is 124,842, with59.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in San Mateo, the median commute time of resident workers (in minutes) is 29.1. And last, but certainly not least, are you looking for homes to rent in San Mateo? If so, the average rent price paid by renters in San Mateo is 2,475, according to recent statistics.

Diversity And Demographics In San Mateo, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to San Mateo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in San Mateo is 38.2, split between 50 percent male versus 50 female. The percentage of residents who report being married in San Mateo is 51.6, with an average family size of 3.27.

The percentage of residents who report their race in San Mateo is as follows:

White 52.9%
Black / African American 2%
Asian 24.1%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 2.5%
Multi-racial 6.9%
Other 11.2%

Looking for family-friendly neighborhoods in and/or near San Mateo? Or maybe you are searching for 55+ active adult communities in and/or near San Mateo?

The percentage of residents who report their age in San Mateo is as follows:

Under 10 13%
Aged 10-19 9.7%
20s 13.1%
30s 17.4%
40s 14.3%
50s 11.6%
60s 9.9%
70s 5.9%
80+ 5.1%

Best Schools In San Mateo, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in San Mateo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in San Mateo.

Pros And Cons Of Living In San Mateo, California

How do you know that living in -- or moving to -- San Mateo is right where you need to be? Perhaps you grew up in San Mateo or already live nearby; therefore, the decision to buy a home in San Mateo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to San Mateo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in San Mateo:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like San Mateo.

Reasons To Move To San Mateo, California, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in San Mateo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in San Mateo, meanwhile, can field multiple offers from more qualified buyers.

San Mateo, CA Foreclosures


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