The story of this market
The typical home in ZIP 94402 sells for about $2,000,000, or $1,073 per square foot.
Prices are up +6.25% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,501 a month.
ZIP 94402 — San Mateo
The 94402 housing market remains characterized by high price points and strong demand, with a median listing price of $2.0M. While inventory remains tight at 54 active listings, homes are staying on the market slightly longer than in the previous year, suggesting a slight cooling in the pace of sales.
This ZIP is well-suited for affluent family buyers and professionals seeking proximity to the San Francisco Peninsula employment core, given the high median home values and household incomes.
Median prices moved up 6.3% year over year.
Homes spend a median of 14 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) · unemployment 4.0% · poverty 5.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 94402, San Mateo County CA
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%).
The rental market in 94402 shows a median asking rent of $4,250 per month, with recent data indicating a year-over-year decline of approximately 3.3%.
The area is part of the broader San Mateo County economy, which is heavily influenced by the technology, professional services, and healthcare sectors of the San Francisco Peninsula.
Data sourced from United States Zip Codes via Census ACS records.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.