Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | San Bruno | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,357,400 | $642,203 | $242,182 |
| Price Trend (Annual %) | 22.3% | 10.0% | 8.2% |
| Median Gross Rent | $2,679 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Bruno is about 111% higher than in California. Rent is about 37% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in San Bruno, up about 22.3% and 5.7% a year respectively. Home prices are changing faster.
Median rent in San Bruno rose about 54.4% between 2015 and 2023, from $1,735 to $2,679. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 10.3 yearly household incomes in San Bruno.
Buying the median-priced home in San Bruno costs roughly 42.2 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 San Bruno. The price-to-rent ratio in California is about 27.4.
| Metric | San Bruno | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,357,400 | $642,203 | $242,182 |
| Median Household Income | $132,295 | $96,718 | $78,145 |
| Price-to-Income Ratio | 10.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Bruno rose about 514.9%, while median household income rose about 78.2% between 2009 and 2023 — 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 | San Bruno | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 51.6% | 58.2% |
| Rental Rate | 36.1% | 40.9% | 31.3% |
| Vacancy Rate | 7.3% | 7.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
San Bruno has a homeownership rate of 56.6%, higher than the California average of 51.6%. Its housing vacancy rate is 7.3%, compared with 7.6% in California.
Housing Stock
| Metric | San Bruno | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1964 | 1975 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in San Bruno was built around 1964. On average, 2.7 people live in a home with about 4.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Bruno, California.
What is the median home price in San Bruno, California?
The median home price in San Bruno, California is $1,357,400, higher than the California average of $642,203.
What is the average home price in San Bruno, California?
The typical home price in %s, reported as the median sale price, is %s. 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 San Bruno, California?
The median gross rent in San Bruno, California is $2,679 per month, higher than the California average of $1,955.
What was the median gross rent in San Bruno in 2020?
In 2020, the median gross rent in San Bruno, California was $2,456 per month.
What is the price-to-rent ratio in San Bruno, California?
The price-to-rent ratio in San Bruno, California is about 42.2, meaning it would take roughly 42.2 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 San Bruno.
Are home prices or rent rising faster in San Bruno, California?
Both home prices and rent are rising in San Bruno, up about 22.3% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Bruno, California?
56.6% of households in San Bruno, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in San Bruno, California?
The housing vacancy rate in San Bruno, California is 7.3%, lower than the California average of 7.6%.