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Millbrae city, CA

ZIP 94030 — Housing & Real Estate

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

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94030

Median Home Value
$1,929,700
Median Rent
$3,230
Affordability Snapshot
$531,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,396/mo PITI).

25%
Rent-to-Income Ratio

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

12.2x
Home Price-to-Income Ratio

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

49.8 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 94030 in Millbrae city, CA, a household would need roughly $531,000 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 $12,396. That is about 237% above the local median household income ($157,567), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
63.2%-3% vs US avg
x
Vacancy Rate
6.6%-36% vs US avg
x
Broadband Access
93.0%+7% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
18.1%+41% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
30.7%-38% vs US avg
x
Mortgage-Free
38.1%-0% vs US avg
x
$1,929,700
Home Value
$3,230
Rent
1960
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached63.7%
  • 1-unit attached3.4%
  • 2-9 units9.3%
  • 10+ units23.2%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,929,700
Median rent$3,230
Owner-occupied63.2%
Vacant6.6%
Price-to-income12.2x
Est. income to buy$531,000