Home Values

Millbrae Home Prices & Values

Zillow Home Value Index

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

$1,237,400

  • 8.3% 1-year change
  • 4.5% 1-year forecast

The median home value in Millbrae is $1,237,400. Millbrae home values have gone up 8.3% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in Millbrae is $717, which is higher than the San Francisco Metro average of $387. The median price of homes currently listed in Millbrae is $1,225,000 while the median price of homes that sold is $1,198,000.

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 1.6 and also lower than the national value of 4.0

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 0.0%, which is lower than the national value of 6.4%. 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 2.2%, which is lower than San Francisco Metro at 7.3%.

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Relative ZHVI
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Millbrae Market Overview

Data through Dec 31, 2014
  • $1,237,400 ZHVI
  • 4.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $1,225,000 Median listing price
  • No recent data Median sale price
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Millbrae Market Health

Data through Dec 31, 2014
  • 9.4/10 Very healthy
    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 days on Zillow
  • 2.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 0.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes Millbrae
1.6 homes San Francisco Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Hillsborough $3,713,400
Burlingame $1,615,700
Highlands-Baywood Park $1,468,100
Name Median ZHVI
Moss Beach $936,200
San Mateo $922,100
San Bruno $755,900
Name Median ZHVI
Pacifica $735,000
South San Francisco $716,900
Brisbane $692,500

Listings & Sales

Data through Dec 31, 2014
  • $717 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 5.4% Listings with price cut
3.2%
Sold below listing
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Millbrae Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $4,216 Millbrae
    $3,031 San Francisco Metro
    $1,345 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $2.62 Rent list price / sq ft
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