Burlingame, California Housing Market Prices
Burlingame Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 233% above the California median$2,165,902
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Median rent 37% above the California median$2,786
Housing Market Overview
| Metric | Burlingame | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,165,902 | $650,794 | $248,835 |
| Price Trend (Annual %) | 260.1% | 8.9% | 7.5% |
| Median Gross Rent | $2,786 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burlingame is about 233% higher than in California. Rent is about 37% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Burlingame, up about 260.1% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Burlingame rose about 68.9% between 2015 and 2024, from $1,649 to $2,786. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 12.8 yearly household incomes in Burlingame.
Buying the median-priced home in Burlingame costs roughly 64.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Burlingame. The price-to-rent ratio in California is about 26.6.
| Metric | Burlingame | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $2,165,902 | $650,794 | $248,835 |
| Median Household Income | $169,776 | $99,161 | $80,455 |
| Price-to-Income Ratio | 12.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Burlingame rose about 224.1%, while median household income rose about 100.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Burlingame | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.8% | 51.7% | 58.5% |
| Rental Rate | 45.3% | 40.8% | 31.2% |
| Vacancy Rate | 10.9% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Burlingame has a homeownership rate of 43.8%, lower than the California average of 51.7%. Its housing vacancy rate is 10.9%, compared with 7.5% in California.
Housing Stock
| Metric | Burlingame | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1956 | 1975 | 1978 |
| Median Number of Rooms | 4.5 | 5.0 | 5.5 |
The typical housing unit in Burlingame was built around 1956. On average, 2.4 people live in a home with about 4.5 rooms, staying for about 15.0 years on average.
Burlingame, CA Housing Compared With Nearby Cities
How Burlingame, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Burlingame, CA | 29,545 | $2,165,902 #1/2 | $2,786 #2/2 | 49.1% #2/2 |
| San Mateo, CA | 101,951 | $296,936 | $3,073 | 50.0% |
Frequently Asked Questions
Common questions about the housing market in Burlingame, California.
What is the median home price in Burlingame, California?
The median home price in Burlingame, California is $2,165,902, higher than the California average of $650,794.
What is the average home price in Burlingame, California?
The typical home price in Burlingame, California, reported as the median sale price, is $2,165,902. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Burlingame, California?
The median gross rent in Burlingame, California is $2,786 per month, higher than the California average of $2,036.
What was the median gross rent in Burlingame in 2020?
In 2020, the median gross rent in Burlingame, California was $2,296 per month.
What is the price-to-rent ratio in Burlingame, California?
The price-to-rent ratio in Burlingame, California is about 64.8, meaning it would take roughly 64.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Burlingame.
Are home prices or rent rising faster in Burlingame, California?
Both home prices and rent are rising in Burlingame, up about 260.1% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Burlingame, California?
43.8% of households in Burlingame, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Burlingame, California?
The housing vacancy rate in Burlingame, California is 10.9%, higher than the California average of 7.5%.
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