San Mateo County Real Estate and Livability Trends
San Mateo County's booming economy and doubling of average taxable income from $133,872.21 in 2013 to $310,702.53 in 2021 highlight a growing affluence, which could attract investors and developers. The median home values sprinted from $776,300 in 2015 to $1,441,300 in 2022, far outpacing California's overall growth. Notably, the rise in residential energy tax credits and skyrocketing real estate... Read more
San Mateo County Market Trends
San Mateo County has seen its median home values surge from $776,300 in 2015 to $1,441,300 in 2022, outpacing California's rise from $385,500 to $659,300. The county's uptick in residential energy tax credits, peaking at $5,494.57 in 2018 and stabilizing at $4,164.22 by 2021, reflects a growing trend toward energy-efficient home investments. Real estate taxes have also soared, averaging... Read more
Median Value of Occupied Housing Units in San Mateo County, California Over the Last 8 Years
San Mateo County's median home values have consistently surged from $776,300 in 2015 to $1,441,300 in 2022, well outpacing the broader trends seen both at the state and national levels. In comparison, California's median value increased from $385,500 to $659,300 during the same period, while the national median value rose from $125,500 to $179,400. This sharp rise in San Mateo County might suggest a robust demand for real estate in the area, potentially driven by its proximity to tech hubs, desirable amenities, or other local factors. Prospective investors or homebuyers should consider these trends, as the market dynamics in San Mateo County appear to significantly differ from the broader state and national patterns.
Residential Energy Tax Credit Per Tax Return in San Mateo County, CA Over the Last 9 Years
San Mateo County, California, has seen a significant upswing in residential energy tax credits over the past nine years. Starting at an average of $1,086.52 per tax return in 2013, credits soared to $2,303.60 by 2015, and reached a peak of $5,494.57 in 2018. Though there was a slight dip to $3,565.35 in 2020, the credits rallied to $4,164.22 by 2021. These trends spotlight a growing emphasis on energy-efficient home investments, signaling favorable conditions for green tech investments, real estate development, and sustainable living initiatives in the area.
Average Real Estate Taxes Per Tax Return in San Mateo County, CA Over the Last 10 Years
San Mateo County, California has seen a substantial rise in real estate taxes per tax return over the past decade. Starting from $8,040.24 in 2012, the average sharply increased to $16,317.71 by 2021. This trend suggests a nearly consistent annual growth, with notable spikes around 2017 and 2020. This escalation in tax values may reflect increasing property values and a robust local real estate market, making it both an attractive yet potentially expensive area for investors and homeowners.
Percentage of Farm Returns in San Mateo County, CA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in San Mateo County, California, has seen a gradual decrease from about 0.15% of all returns in 2012 to roughly 0.11% in 2021. This steady decline suggests that agriculture has been playing a diminishing role in the county's economy. For those looking to invest, move, or develop property here, it's clear that while farming exists, it may not offer strong investment opportunities compared to other sectors. Nevertheless, this trend can signal a potential for revitalizing agricultural initiatives or pivoting investments towards more dominant economic sectors.
Number of Mortgages by Occupancy Type in San Mateo County, CA Over the Last 5 Years in San Mateo County
In the last five years, the number of mortgages for principal residences in San Mateo County, California, has shown some fluctuation but generally remains significantly higher compared to investment or second residences. For instance, 2021 saw 58,845 principal residence mortgages, a substantial increase from the 32,917 in 2019. Investment property mortgages also saw an increase from 2,785 in 2018 to 6,171 in 2021 but dropped to 2,316 by 2022. Changes in occupancy type can signal shifting real estate trends, affecting property values, investment potentials, and demand for housing. For investors, this data may influence decisions about purchasing rental properties or flipping homes, while appraisers and insurance agents might consider these trends in property valuations and risk assessments. Real estate agents could use these insights to better understand market dynamics and advise clients accordingly.
Economic Outlook
San Mateo County's average taxable income per tax return has more than doubled between 2013 and 2021, jumping from $133,872.21 to $310,702.53. This surge underscores a growing affluence, which might attract investors and developers. Though the area has seen income taxes per return increase fourfold from $26,564.03 in 2012 to $105,753.04 in 2021, indicating a high cost of living, the county’s booming local economy also suggests robust earning potential. The poverty rate has hovered around... Read more
Average Taxable Income per Tax Return in San Mateo County, CA over the last 9 years
San Mateo County has experienced a significant upward trend in average taxable income per tax return over the past nine years. Starting from $133,872.21 in 2013 and reaching an impressive $310,702.53 in 2021, this notable increase highlights the county's growing affluence and economic vitality. The steep rise, especially evident between 2020 and 2021, suggests an attractive environment for potential investors, property developers, and new residents seeking a prosperous locale.
Average State and Local Income Taxes Per Tax Return in San Mateo County, CA Over the Last 10 Years
Over the past decade, San Mateo County has seen a significant surge in average state and local income taxes per tax return, increasing fourfold from $26,564.03 in 2012 to $105,753.04 in 2021. This trend reflects the economic prosperity and rising incomes in the area but also underscores the high cost of living and tax burden for residents. Potential movers should consider the financial implications of these escalating taxes when deciding to relocate to this affluent county.
Average Total Tax Liability Per Tax Return in San Mateo County, CA Over the Last 10 Years
Over the past decade, San Mateo County, California has seen a notable increase in the average total tax liability per tax return, rising from $32,005.03 in 2012 to $83,501.56 in 2021. This steady upward trend, particularly sharp from 2017 onward, highlights the region's economic growth and increasing income levels. For investors, property developers, and potential residents, this surge reflects a booming local economy and a possibly higher cost of living, but also suggests robust earning potential and investment opportunities.
Cost of Living in San Mateo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $4,408 | $1,866 | $2,350 | $3,191 | $4,346 |
| 1 adult 4 children | $4,408 | $1,524 | $1,814 | $3,191 | $4,706 |
| 2 adults 3 children | $4,408 | $1,524 | $2,030 | $3,191 | $4,005 |
| 1 adult 3 children | $4,408 | $1,244 | $1,495 | $3,191 | $4,292 |
| 2 adults 2 children | $3,592 | $1,248 | $1,711 | $2,834 | $3,213 |
| 1 adult 2 children | $3,592 | $932 | $1,175 | $2,834 | $3,139 |
| 2 adults 1 child | $3,592 | $986 | $1,391 | $1,674 | $2,552 |
| 1 adult 1 child | $3,592 | $637 | $855 | $1,674 | $2,586 |
| 2 adults | $3,003 | $792 | $1,072 | $0 | $1,471 |
| 1 adult | $2,429 | $432 | $536 | $0 | $1,462 |
Safety trends & Data
Property crime trends in San Mateo County, California, have seen significant fluctuations over the past few years. Burglary incidents peaked at 856.00 in 2019 but dropped drastically to 277.00 by 2022. Larceny-theft took a similar roller-coaster ride, falling to 379.00 in 2020 before climbing back up to 939.00 in 2022. Fraud cases hit their highest at 238.00 in 2022. These crime patterns could be crucial for those looking to invest or relocate, providing key insights into potential risks and... Read more
Property Crime Trends in San Mateo County, CA Over the Last 5 Years
Property crime trends in San Mateo County, California exhibit significant fluctuations over the past five years. Incidents of burglary spiked at 856.00 in 2019 but saw a notable drop to 277.00 by 2022. Larceny-theft followed a similar pattern, plummeting to 379.00 in 2020 from 812.00 in 2019, then surging back to 939.00 in 2022. Cases of fraud and possession of stolen property also present interesting variability, with fraud peaking at 238.00 in 2022. For those considering investment or relocation, these crime trends could be instrumental in assessing risks and developing strategies for property protection.
Demographics
San Mateo County's adult population is slightly more female with a notable spread across educational tiers, from a significant number with high school diplomas to those holding advanced degrees. The age distribution shows a balanced mix, with substantial populations in the 25-34 and 35-44 age ranges while a considerable proportion are 65 and older. Demographically, the county is predominantly White and Asian, reflecting diverse cultural dynamics potentially influencing local policies and... Read more
Race Distribution in San Mateo County, California (2022)
Educational Attainment in San Mateo County, California (2022)
Age Distribution in San Mateo County, California
Citizen Population in San Mateo County, California (2022)
Political Trends & Data
San Mateo County, California, leans heavily Democrat in the 2020 U.S. Presidential election, with about 77.9% of votes for the Democratic candidate and just 20.2% for the Republican. Minor parties together drew less than 1.5%, hinting at limited influence. This possibly signifies a strong preference for Democratic policies among the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In San Mateo County, California, voting patterns in the 2020 U.S. Presidential election suggest that a considerable majority of the electorate may lean Democrat, with around 77.9% of votes cast for the Democratic candidate. The Republican candidate garnered approximately 20.2%, suggesting significantly less support. Minor parties, such as the Libertarian and Green parties, appear to have minimal influence, collectively accounting for less than 1.5% of the vote. This data seemingly indicates a strong preference for Democratic policies and candidates among San Mateo's voters.
20.20% of voters voted for the Republican party in the 2020 Presidential Election
77.89% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Green party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
In San Mateo County, California, the student-to-teacher ratio has gradually decreased from 22 students per teacher in 2015 to 19 in 2023, although it remains higher than the national average of 14. This trend could indicate improving educational conditions, potentially making the area more attractive to families. This data might guide evaluative decisions for investors, appraisers, and insurance agents who consider the quality of life when assessing... Read more
Student-to-teacher ratio in San Mateo County, California over the last 9 years
In San Mateo County, California, the student-to-teacher ratio has shown a gradual decrease over the past nine years, moving from 22 students per teacher in 2015 to around 19 students per teacher in 2023. Although still higher than the current national average of 14 students per teacher, this reduction could potentially impact classroom dynamics and educational outcomes. For investors, real estate agents, and potential residents, these trends might hint at improving educational conditions, possibly making the area more attractive for families. Moreover, this data can guide evaluative decisions for appraisers and insurance agents considering the quality of life in San Mateo County.
