The story of this market
The typical home in ZIP 94018 sells for about $1,999,000, or $806 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $4,800 a month.
ZIP 94018 — El Granada
The 94018 housing market remains resilient with high median prices and low inventory, driven by its desirable coastal location and limited supply. While sales volume is low, the market maintains a strong sale-to-list ratio, reflecting sustained demand from affluent buyers despite broader economic headwinds.
This ZIP is best suited for affluent families and professionals who prioritize coastal lifestyle and outdoor recreation over a short commute to Silicon Valley employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 25 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 94018, San Mateo County CA
Crime rates in the El Granada area are generally low, consistent with the broader coastal San Mateo County region, though specific trend data for this ZIP is not determinable.
Schools serving the area are part of the Cabrillo Unified School District, which generally maintains solid performance ratings within the coastal region.
The area faces risks associated with coastal erosion, wildfire potential in surrounding hills, and standard seismic activity common to the San Francisco Peninsula.
Economic momentum is driven by proximity to Silicon Valley tech hubs and the local tourism/recreation economy, with limited new residential development due to geographic constraints.
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%).
Commuting to major employment centers in the San Francisco Peninsula requires navigating Highway 1 and Highway 92, which are subject to significant peak-hour congestion.
The area offers extensive access to coastal trails, beaches, and parks, including the Pillar Point Harbor and nearby regional open space preserves.
The rental market is characterized by high demand and limited inventory, with a significant portion of the stock serving as long-term housing or seasonal coastal rentals.
The local economy is anchored by tourism, commercial fishing, and the proximity to the broader San Mateo County and Silicon Valley labor markets.
Public transit is limited; residents rely heavily on personal vehicles for commuting via Highway 1 and Highway 92.
Development is strictly regulated by coastal commission guidelines, limiting large-scale projects in favor of infill and renovation.
The San Mateo County Assessor manages property valuations based on the California Revenue and Taxation Code.
Parcels are subject to Cabrillo Unified School District taxes and various local utility and fire protection district assessments.
Property insurance premiums are rising due to increased wildfire risk and coastal hazard exposure in the region.
Data retrieved from US Census Bureau ZCTA 94018 profile.
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.
Major recreational harbor and fishing hub.
Protected coastal area known for tide pools and hiking.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).