The story of this market
The typical home in ZIP 94010 sells for about $3,898,842, or $1,550 per square foot.
Prices are up +8.1% from a year ago, so sellers still have some momentum. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,900 a month.
ZIP 94010 — Burlingame
The 94010 housing market remains highly competitive with a median sale price of approximately $3.9 million, reflecting strong demand and limited inventory. Prices have seen a year-over-year increase of 8.1%, driven by the area's prestige and proximity to major employment hubs. Market conditions are characterized by a very low months-of-supply figure and a high sale-to-list ratio, indicating a seller-favored environment.
This ZIP is ideal for affluent families, tech professionals, and long-term investors seeking high-value real estate in a prestigious, well-connected suburban environment.
Median prices moved up 8.1% year over year.
Homes spend a median of 10 days on market with 0.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 108% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 3.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 94010, San Mateo County, CA
The area is served by highly-rated public school districts including the Hillsborough City School District and San Mateo Union High School District.
The region faces standard California wildfire and seismic risks, with insurance availability and premiums increasingly impacted by state-wide climate exposure.
The area benefits from proximity to major Silicon Valley and San Francisco employment hubs, with consistent demand for high-end residential real estate.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents have convenient access to the San Francisco Peninsula employment corridor via Highway 101 and Caltrain stations in neighboring Burlingame.
The area features access to local parks, golf courses, and the shopping and dining districts of downtown Burlingame and Hillsborough.
The rental market is characterized by high demand and limited inventory, with rents reflecting the area's affluent demographic and proximity to major tech employers.
The local economy is anchored by the broader Silicon Valley tech sector, professional services, and proximity to San Francisco International Airport.
The area is served by major transit corridors including Highway 101 and the Caltrain commuter rail line.
Development is primarily focused on high-end residential infill and local commercial revitalization.
The San Mateo County Assessor maintains property valuations based on the California Revenue and Taxation Code.
Parcels are subject to various special districts including school, community college, and utility districts.
Property insurance premiums are rising due to regional wildfire risk and broader California market volatility.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A vibrant district with upscale retail and dining options.
A scenic public golf course serving the local community.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).