94403, San Mateo, CA

The 94403 zip code of San Mateo, CA has a median home value of $1,085,000. This is higher than the California median home value of $846,500. The 94403 zip code also has a median home equity value of $269,000 which is higher than the California median home equity value of $224,500.

There are a number of factors that contribute to the high home values in the 94403 zip code. One reason is that San Mateo is a wealthy area and there are a lot of affluent residents who want to buy homes here. Additionally, many homes in this area were built in the 1980s and 1990s and have remained relatively unchanged since then. As such, they are worth a lot more than homes that were built in recent years.

Another factor contributing to the high home values in the 94403 zip code is that there are limited options for buyers who want to purchase homes here. There are only a few large subdivisions available and most people live within walking distance of their jobs or schools. This makes it difficult for people who do not have significant incomes or assets to purchase homes here.