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San Mateo city, CA

ZIP 94403 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94403

Median Home Value
$1,725,900
Median Rent
$3,083
Affordability Snapshot
$475,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$11,087/mo PITI).

21%
Rent-to-Income Ratio

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

9.6x
Home Price-to-Income Ratio

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

46.7 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 94403 in San Mateo city, CA, a household would need roughly $475,000 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 $11,087. That is about 164% above the local median household income ($179,825), 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
54.0%-17% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
96.1%+10% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
12.7%-1% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
22.1%-56% vs US avg
x
Mortgage-Free
29.4%-23% vs US avg
x
$1,725,900
Home Value
$3,083
Rent
1965
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 detached47.0%
  • 1-unit attached9.5%
  • 2-9 units15.2%
  • 10+ units28.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,725,900
Median rent$3,083
Owner-occupied54.0%
Vacant7.4%
Price-to-income9.6x
Est. income to buy$475,000