The story of this market
The typical home in ZIP 94070 sells for about $2,719,131, or $1,462 per square foot.
Prices are up +8.8% from a year ago, so sellers still have some momentum. Homes take about 12 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,697 a month.
ZIP 94070 — San Carlos
The San Carlos housing market shows strong price appreciation with a median sale price of $2.7M, reflecting a 8.8% year-over-year increase. Inventory remains tight with homes selling quickly, driven by high demand for the area's top-rated schools and central Peninsula location. Several data points, including specific tax rates and detailed demographic breakdowns, were not available at the ZIP level and are omitted.
This ZIP is ideal for affluent families and professionals seeking a suburban lifestyle with high-quality schools and convenient access to major Peninsula employment hubs.
Median prices moved up 8.8% year over year.
Homes spend a median of 12 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 94070, San Mateo County, CA
San Carlos is widely recognized for its top-rated public schools, which are a primary driver for family-oriented housing demand in the area.
The area faces standard California wildfire and seismic risks, with insurance availability and premium costs reflecting regional climate-related exposure.
San Carlos maintains a strong economic position within the San Francisco Peninsula, benefiting from proximity to major tech hubs and ongoing downtown revitalization efforts.
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 benefit from central Peninsula access via Caltrain and proximity to Highway 101 and I-280, facilitating commutes to San Francisco and Silicon Valley employment centers.
The area features a quaint downtown with cafes and shopping, alongside access to local parks, hiking trails in the hills, and proximity to regional waterfront amenities.
The rental market is characterized by high demand and limited inventory, with a mix of single-family rentals and downtown apartment units.
The local economy is anchored by a mix of professional services, retail, and proximity to the broader Silicon Valley tech and biotech employment corridor.
The city is served by the Caltrain San Carlos station, providing rail connectivity between San Francisco and San Jose, complemented by major highway corridors.
Ongoing development focuses on downtown mixed-use projects and residential infill to support the city's growth while maintaining its suburban character.
The San Mateo County Assessor manages property valuations, adhering to state-mandated assessment cycles and Proposition 13 limitations.
Parcels are subject to various special districts, including local school district levies and county-wide utility and flood control assessments.
Property insurance markets in the area are influenced by state-wide wildfire risk mitigation requirements and rising premium trends.
Data not available in current ACS extracts.
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.
The city's primary downtown corridor featuring local cafes, restaurants, and boutiques.
Provides extensive hiking trails and scenic views of the Peninsula.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).