Rental numbers for San Mateo County, CA
The typical home here runs -$7,374 a month at 7.78% with 25% down. 0 of 20 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 2.8%.
- Gross yield
- 3.0%
- typical home, Zillow
- Median ZIP yield
- 2.8%
- 20 ZIPs with full data
- Cash flow
- -$7,374/mo
- at 7.78%, 25% down
- Typical price
- $1,581,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $3,930/mo
- Zillow ZORI, Aug 2026
ZIP codes in San Mateo County
28 with published figures
| 94020La Honda | $1,017,000 | $4,030* | 4.8% | 2.1% | -$3,691 | n/a |
| 94063Redwood City | $1,288,000 | $4,508 | 4.2% | 1.9% | -$4,886 | +10.9% |
| 94014Daly City | $1,000,000 | $3,445 | 4.1% | 1.8% | -$3,917 | +13.9% |
| 94080South San Francisco | $1,220,000 | $4,029 | 4.0% | 1.7% | -$4,864 | +16.9% |
| 94060Pescadero | $1,194,000 | $3,870* | 3.9% | 1.6% | -$4,883 | n/a |
| 94005Brisbane | $1,143,000 | $3,470* | 3.6% | 1.3% | -$4,916 | n/a |
| 94401San Mateo | $1,204,000 | $3,638 | 3.6% | 1.3% | -$5,151 | +7.1% |
| 94019Half Moon Bay | $1,569,000 | $4,625 | 3.5% | 1.3% | -$6,728 | n/a |
| 94044Pacifica | $1,255,000 | $3,503 | 3.4% | 1.1% | -$5,580 | +4.9% |
| 94037Moss Beach | $1,482,000 | $4,090* | 3.3% | 1.2% | -$6,520 | n/a |
| 94066San Bruno | $1,290,000 | $3,374 | 3.1% | 1.1% | -$5,798 | +9.4% |
| 94404Foster City | $1,694,000 | $4,433 | 3.1% | 1.0% | -$7,653 | +10.7% |
| 94303East Palo Alto | $2,058,000 | $5,190 | 3.0% | 1.0% | -$9,334 | +10.1% |
| 94015Daly City | $1,164,000 | $2,887 | 3.0% | 0.9% | -$5,414 | +8.9% |
| 94018Half Moon Bay | $1,480,000 | $3,270* | 2.6% | 0.6% | -$7,255 | n/a |
| 94038Moss Beach | $1,450,000 | $3,170* | 2.6% | 0.5% | -$7,235 | n/a |
| 94065Redwood City | $1,778,000 | $3,850 | 2.6% | 0.6% | -$8,683 | +11.0% |
| 94403San Mateo | $1,812,000 | $3,819 | 2.5% | 0.5% | -$8,966 | +8.9% |
| 94030Millbrae | $2,048,000 | $3,843 | 2.3% | 0.4% | -$10,433 | +14.0% |
| 94070San Carlos | $2,431,000 | $4,477 | 2.2% | 0.4% | -$12,394 | +9.2% |
| 94061Redwood City | $1,969,000 | $3,604 | 2.2% | 0.3% | -$10,074 | +7.0% |
| 94402San Mateo | $2,462,000 | $4,071 | 2.0% | 0.1% | -$12,954 | +12.3% |
| 94002Belmont | $2,258,000 | $3,677 | 1.9% | 0.1% | -$11,941 | +9.9% |
| 94062Woodside | $2,699,000 | $4,301 | 1.9% | 0.1% | -$14,326 | +10.8% |
| 94025Menlo Park | $2,902,000 | $4,302 | 1.8% | -0.0% | -$15,672 | +9.7% |
| 94010Hillsborough | $3,482,000 | $3,942 | 1.4% | -0.4% | -$19,838 | +11.3% |
| 94028Portola Valley | $4,267,000 | $3,820* | 1.1% | -0.6% | -$25,156 | n/a |
| 94027Atherton | $8,620,000 | $4,080* | 0.6% | -1.0% | -$53,822 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.5%
- Rent, 12 months
- +10.0%
- Rent minus price growth
- +6.4 pts
- Property tax
- 0.61%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $1,480,942 | $3,092 |
| Aug 2022 | $1,617,073 | $3,302 |
| Aug 2023 | $1,483,386 | $3,322 |
| Aug 2024 | $1,538,352 | $3,423 |
| Aug 2025 | $1,527,103 | $3,574 |
| Aug 2026 | $1,581,355 | $3,930 |
HUD Fair Market Rent
FY2027, San Francisco, CA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $2,574 | $3,003 | $3,697 | $4,832 | $5,439 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.0
- 1,600 units, last 12 months
- National percentile
- 54th
- among US counties
Tools
Test a listing in San Mateo County against today's rate.
Open the calculatorPart of the San Francisco, CA metro.
Questions
- Is San Mateo County good for rental property?
- The typical home here runs -$7,374 a month at 7.78% with 25% down. 0 of 20 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 2.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in San Mateo County?
- About 0.61% of value, from Census ACS median taxes paid over median home value. On a $1,581,000 home that is about $9,646 a year.
- What is Fair Market Rent in San Mateo County?
- HUD's FY2027 Fair Market Rent here is $3,003 for a 1-bedroom, $3,697 for a 2-bedroom and $4,832 for a 3-bedroom. Typical cash flow at today's rate is -$7,374 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.