San Mateo County California Residential Rent and Rental Statistics
The median monthly gross residential rent in San Mateo County CA was $2,497 in 2019 according to the Census ACS survey.1 Average gross rent in San Mateo County was $2,455 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 San Mateo County median and average rent data will be released in September of 2021.
Data is also available below for San Mateo County rental vacancy rates, San Mateo County rent as a percent of median income and the fraction of renters in San Mateo County.
Real Gross Rent in San Mateo County California (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| California Median Gross Rent | $1,614 | +4.33% | +12.08% |
| San Mateo County CA Median Gross Rent | $2,497 | +2.67% | +12.78% |
San Mateo County CA Real Gross Rent Trends
At $2,497, real median gross rent in San Mateo County was at its highest level in 2019 since the series began in 2005. At $2,455, real average gross rent in San Mateo County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: San Mateo County CA Median, San Mateo County CA Average, California Median, US Median
Real Gross Rent History for San Mateo County
| Date | US Median |
California Median |
San Mateo County CA Median |
San Mateo County CA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,614 | $2,497 | $2,455 |
| 2018 | $1,077 | $1,547 | $2,432 | $2,398 |
| 2017 | $1,043 | $1,492 | $2,329 | $2,307 |
| 2016 | $1,027 | $1,440 | $2,214 | $2,211 |
| 2015 | $1,017 | $1,391 | $2,020 | $2,040 |
| 2014 | $986 | $1,339 | $1,893 | $1,930 |
| 2013 | $953 | $1,289 | $1,758 | $1,804 |
| 2012 | $940 | $1,277 | $1,688 | $1,733 |
| 2011 | $941 | $1,268 | $1,673 | $1,690 |
| 2010 | $955 | $1,300 | $1,617 | $1,704 |
| 2009 | $960 | $1,316 | $1,650 | $1,716 |
| 2007 | $927 | $1,266 | $1,698 | $1,751 |
| 2005 | $910 | $1,216 | $1,593 | $1,631 |
San Mateo County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for San Mateo County California was 4.55% according to Census ACS data.
Rental Vacancy Rate in San Mateo County California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| San Mateo County CA | 4.55% | -1.38% | +0.50% |
Trends in San Mateo County CA Rental Vacancy Rate
The rental vacancy rate in San Mateo County peaked in 2018 at 5.93%. Since then it has fallen by 1.38% to 4.55%. Data records for this series originated in 2005.
Rental Vacancy Rate: San Mateo County CA, California, US
Historical Rental Vacancy Rate data for San Mateo County
| Date | US | California | San Mateo County CA |
|---|---|---|---|
| 2019 | 5.97% | 4.06% | 4.55% |
| 2018 | 6.15% | 3.97% | 5.93% |
| 2017 | 6.18% | 3.49% | 3.09% |
| 2016 | 5.89% | 3.31% | 4.05% |
| 2015 | 5.85% | 3.33% | 2.68% |
| 2014 | 6.32% | 3.90% | 2.51% |
| 2013 | 6.49% | 4.22% | 2.57% |
| 2012 | 6.77% | 4.51% | 1.25% |
| 2011 | 7.40% | 4.94% | 3.96% |
| 2010 | 8.17% | 5.86% | 3.87% |
| 2009 | 8.43% | 5.76% | 4.41% |
| 2007 | 7.87% | 4.72% | 3.43% |
| 2005 | 7.74% | 4.61% | 3.24% |
Rent as a Fraction of Income
Using median household income data for San Mateo County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For San Mateo County, median monthly gross rent as a fraction of median household income was 21.63% in 2019 according to the ACS.
San Mateo County California Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| California | 24.08% | -0.15% | -0.28% |
| San Mateo County CA | 21.63% | -1.41% | -1.72% |
Trends in San Mateo County CA Rent as a Fraction of Income
The fraction of median San Mateo County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 23.35%. Since then it has fallen by 1.72% to 21.63%.
Fraction of Income towards Rent: San Mateo County CA, California, US
Historical Data for Annual Rent as a Fraction of Income in San Mateo County California
| Date | US | California | San Mateo County CA |
|---|---|---|---|
| 2019 | 20.03% | 24.08% | 21.63% |
| 2018 | 20.50% | 24.23% | 23.04% |
| 2017 | 20.13% | 24.18% | 23.24% |
| 2016 | 20.43% | 24.36% | 23.35% |
| 2015 | 20.63% | 24.39% | 22.56% |
| 2014 | 20.89% | 24.57% | 21.29% |
| 2013 | 20.78% | 24.40% | 21.93% |
| 2012 | 20.65% | 24.69% | 23.34% |
| 2011 | 20.70% | 24.59% | 22.76% |
| 2010 | 20.50% | 24.18% | 20.98% |
| 2009 | 20.12% | 23.52% | 20.39% |
| 2007 | 18.66% | 21.58% | 20.86% |
| 2005 | 18.89% | 21.77% | 20.51% |
Renter Fraction in San Mateo County California
You can calculate the renter fraction in San Mateo County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in San Mateo County as a fraction of total San Mateo County households. In 2019 40.75% of households were renters according to Census ACS data.
San Mateo County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| California | 45.14% | -0.04% | -1.22% |
| San Mateo County CA | 40.75% | +1.27% | -0.35% |
Trends in the San Mateo County CA Renter Fraction
The San Mateo County household renter fraction peaked in in 2012 at 42.55% and is now 1.80% below that level. The origin year for the series is 2005.
Fraction of Renting Households: San Mateo County CA, California, US
History of San Mateo County Renter Fraction
| Date | US | California | San Mateo County CA |
|---|---|---|---|
| 2019 | 35.89% | 45.14% | 40.75% |
| 2018 | 36.05% | 45.18% | 39.48% |
| 2017 | 36.13% | 45.21% | 40.85% |
| 2016 | 36.88% | 46.36% | 41.10% |
| 2015 | 36.97% | 46.41% | 40.42% |
| 2014 | 36.90% | 46.27% | 41.51% |
| 2013 | 36.50% | 46.21% | 39.72% |
| 2012 | 36.09% | 45.97% | 42.55% |
| 2011 | 35.42% | 45.12% | 41.16% |
| 2010 | 34.65% | 44.36% | 40.83% |
| 2009 | 34.13% | 43.43% | 38.99% |
| 2007 | 32.80% | 42.00% | 38.09% |
| 2005 | 33.10% | 41.56% | 37.59% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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