Like any large city, home prices in San Mateo have continued to increase over the years. Fortunately, there are still some neighborhoods in San Mateo that offer some affordable housing options. These are the cheapest neighborhoods in San Mateo for 2026. The neighborhoods are ranked by the lowest median home prices when compared to the average median home price in San Mateo.

Population 6,366
-61%
Median Home Value $851,791
61% less expensive than San Mateo
Population 3,606
-49%
Median Home Value $1,097,590
49% less expensive than San Mateo
Population 6,765
-44%
Median Home Value $1,219,553
44% less expensive than San Mateo
Population 12,124
-36%
Median Home Value $1,387,235
36% less expensive than San Mateo
Population 7,497
-30%
Median Home Value $1,513,062
30% less expensive than San Mateo
Population 5,590
-28%
Median Home Value $1,554,633
28% less expensive than San Mateo
Population 10,948
-14%
Median Home Value $1,852,840
14% less expensive than San Mateo
Population 11,204
-14%
Median Home Value $1,862,366
14% less expensive than San Mateo
Population 2,148
-3%
Median Home Value $2,087,202
3% less expensive than San Mateo
Population 1,647
3%
Median Home Value $2,231,086
3% more expensive than San Mateo
Is This the Right Place for You? Local Insights Report
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Local Insights Report