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Call/text (707) 474-8855Millbrae, CA · Market Data
Millbrae, California real estate market data.
Real estate market data for Millbrae, CA (San Mateo County) — Census median home value $1,929,700, county listing prices down about 0.6% over the past year.
Millbrae, CA is in San Mateo County, California — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 22,589, with a median household income of $157,567. Census data puts Millbrae's median home value at $1,929,700.
At a glance
Millbrae market snapshot
Population
22,589
Median Household Income
$157,567
Median Home Value (city)
$1,929,700
Median Gross Rent
$3,401/mo
Price Trend (YoY)
-0.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Millbrae different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Millbrae's median home value — across all owner-occupied homes, not just recent sales — at $1,929,700.
County Price Trend
San Mateo County's FHFA house price index shows a -0.61% annual change in 2025.
Population & Income
Millbrae has an estimated population of 22,589 and a median household income of $157,567, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Millbrae's Census-reported median home value works out to about 12.2x the area's median household income, and median gross rent runs roughly 26% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Millbrae FAQ
What are home values like in Millbrae, CA?
The Census Bureau's American Community Survey puts Millbrae's median home value at $1,929,700.
What is the population of Millbrae, CA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Millbrae's population at approximately 22,589.
What's the median rent in Millbrae, CA?
The Census ACS estimates median gross rent in Millbrae at approximately $3,401 per month.
What is the median household income in Millbrae, CA?
Census ACS data puts the median household income in Millbrae at approximately $157,567.
Is the Millbrae housing market growing?
San Mateo County's FHFA house price index shows a -0.61% annual change in 2025.
Is Millbrae, CA affordable relative to income?
Census ACS data puts Millbrae's median home value at about 12.2 times the median household income, with median gross rent equal to roughly 26% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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