94404, San Mateo, CA

The 94404 zip code of San Mateo, CA has a median home value of $1,039,000. This is higher than the California median home value of $717,500. The 94404 zip code also has a median home equity value of $269,000 which is higher than the California median home equity value of $157,500. The 94404 zip code has a lower than average homeownership rate at 54%. This is lower than the California homeownership rate of 63%.

There are several factors that may contribute to the high home values and high home equity in the 94404 zip code of San Mateo. These include:

-The population density in this area is high which may lead to increased demand for housing and increased prices.

-The area is affluent and has a high level of education attainment which may lead to increased demand for housing and increased prices.

-The area has a low homeownership rate which may lead to increased demand for housing and increased prices.