The story of this market
The typical home in ZIP 94401 sells for about $1,289,351, or $865 per square foot.
Prices are roughly flat from a year ago (-0.82%), a market in balance. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,762 a month.
ZIP 94401 — San Mateo
The 94401 housing market remains competitive with low inventory and steady demand, despite a slight year-over-year price dip. High interest rates and limited supply continue to drive market dynamics, keeping days on market relatively low. The area's strong economic base and transit connectivity support long-term value stability.
This ZIP is ideal for commuters and professionals seeking a balance between urban amenities and suburban accessibility, as well as families drawn to the established school districts.
Median prices moved down 0.8% year over year.
Homes spend a median of 19 days on market with 2.1 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 12.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 94401, San Mateo County CA
The area is served by the San Mateo-Foster City School District and San Mateo Union High School District, which generally maintain strong academic reputations within the region.
The area faces standard California wildfire and seismic risks, with specific low-lying portions of the ZIP code subject to flood zone designations near the San Francisco Bay.
The area benefits from its proximity to major Silicon Valley tech employers and ongoing transit-oriented development projects in downtown San Mateo.
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 excellent access to the Caltrain corridor for transit to San Francisco or San Jose, and major highway access via US-101 and CA-92.
The ZIP features significant waterfront access at the San Mateo Marina, numerous community parks, and proximity to the vibrant downtown San Mateo shopping and dining district.
The rental market is characterized by high demand and limited vacancy, driven by the area's central location between major employment hubs.
The local economy is anchored by the broader San Mateo County tech and professional services sectors, with significant employment density in downtown San Mateo.
The area is highly connected via the Caltrain commuter rail line and major regional highway arteries including US-101 and CA-92.
Ongoing development focuses on high-density, transit-oriented residential and mixed-use projects near the downtown Caltrain station.
The San Mateo County Assessor's office manages property valuations in accordance with state-mandated assessment cycles and Proposition 13 guidelines.
Parcels are subject to various special districts including the San Mateo-Foster City School District, San Mateo Union High School District, and local utility/flood control districts.
Property insurance premiums are rising due to regional wildfire and flood risk exposure, consistent with broader California market trends.
Data retrieved from Census Reporter and Data Commons for ZCTA 94401.
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.
Provides recreational boating and waterfront access on the San Francisco Bay.
A major regional hub for restaurants, retail, and entertainment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.