How Much Home Can You Afford in San Mateo County in 2025?

If you’re thinking about buying a home in San Mateo County in 2025, one of your first questions is probably:

How much home can I actually afford?

It’s a smart question, and not always a simple one to answer.

Because in the Bay Area, affordability isn’t just about salary or pre-approval numbers. It’s about strategy, market context, and long-term vision.

Here’s what I’m seeing right now, and what to consider if you’re planning to buy this year.

Median Prices in 2025 (San Mateo County Snapshot)

As of mid-2025:

• Median single-family home price: ~$1.75M

• Median condo/townhome price: ~$950K

• Entry-level homes in certain neighborhoods are still crossing $1.2M+

• “Fixer” homes with large lots in cities like San Bruno, South San Francisco, and Daly City are in high demand with long-term buyers

Rates may be slightly lower than 2023–2024 highs, but affordability is still a challenge — which is why how you buy matters just as much as what you can buy.

Affordability Isn’t Just Price, It’s Monthly Reality

Here’s a rough idea of what different price points may look like in 2025 (based on 7% interest, 20% down, and standard taxes/insurance, rates may vary):

Home Price Monthly Payment (Est.):

$1M ~$6,700/mo

$1.25M ~$8,300/mo

$1.5M ~$9,900/mo

$1.75M ~$11,500/mo

$2M ~$13,200/mo

⚠️ Note: This doesn’t include maintenance, repairs, or HOA fees if you’re buying a condo/townhome. Always speak to a lender for tailored numbers.

So… What Can You Afford?

It depends on:

• Your income & debt-to-income ratio

• Your down payment

• Current interest rates

• Your comfort level with monthly expenses

• The type of home you’re buying (single-family vs. condo)

• Your long-term goals (Are you stretching for a dream property or starting with a stepping stone?)

But here’s what I always tell my clients: Affordability isn’t just a math equation. It’s also about lifestyle fit, financial peace of mind, and alignment with your goals.

Why Local Strategy Matters

In San Mateo County — price alone doesn’t tell the whole story. You need a Realtor who can help you:

• Spot hidden gems with long-term upside

• Understand when a “fixer” is actually a smart buy

• Find off-market or pre-market homes that won’t get bid up publicly

• Work with lenders who understand the local market

• Craft competitive offers that don’t stretch you beyond your comfort zone

• 
  

Ready to Talk Numbers and Possibility?

If you’re thinking about buying this year, let’s talk.

We can walk through what your budget really gets you, not just in dollars, but in space, location, and potential. I’ll connect you with great local lenders, help you understand your options, and map out a buying path that works for you.

Because affordability in 2025 isn’t about chasing the market.It’s about buying with confidence, and a plan.

Let’s Make Your 2025 Home Goals Happen

Wondering what you can truly afford, and how to buy smart in today’s market?

Let’s talk about more than just numbers. I’ll help you translate your budget into real buying power, find the right neighborhoods, and move with clarity and confidence.

💜 Marissa  

📞 650-296-3036

📧 marissa.torres@kw.com