Millbrae Home Prices & Values

$1,177,800 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.9% 1-year change
  • 4.0% 1-year forecast

The median home value in Millbrae is $1,177,800. Millbrae home values have gone up 7.9% over the past year and Zillow predicts they will rise 4.0% within the next year. The median list price per square foot in Millbrae is $681, which is higher than the San Francisco Metro average of $410. The median price of homes currently listed in Millbrae is $1,099,000 while the median price of homes that sold is $1,138,462. The median rent price in Millbrae is $2,900, which is higher than the San Francisco Metro median of $2,600.

Foreclosures will be a factor impacting home values in the next several years. In Millbrae 0.9 homes are foreclosed (per 10,000). This is lower than the San Francisco Metro value of 1.5 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Millbrae is 5.8%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Millbrae homeowners underwater on their mortgage is 2.5%, which is lower than San Francisco Metro at 10.5%.

more
Relative ZHVI
- +

Millbrae Market Overview

Data through Jul 31, 2014
  • $1,177,800 ZHVI
  • 4.0% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $1,099,000 Median listing price
  • $1,138,462 Median sale price (Jun 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Millbrae Market Health

Data through Jul 31, 2014
  • 9.9/10 Very healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 2.5% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Jun 30, 2014) Millbrae
1.5 homes San Francisco Metro
4.4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hillsborough $3,520,300 Burlingame $1,575,100 Highlands-Baywood Park $1,390,500
Moss Beach $911,000 San Mateo $884,800 San Bruno $723,400
Pacifica $711,700 South San Francisco $697,700 Brisbane $682,100

Listings & Sales

Data through Jul 31, 2014
  • $681 Median list price / sq ft
  • $667 Median sale price / sq ft (Jun 30, 2014)
  • 7.5% Listings with price cut
4.2%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Millbrae Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,996 Millbrae
$2,874 San Francisco Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,900 Rent list price
  • $2.31 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading