Millbrae Real Estate & Homes for Sale in California
The city of Millbrae is located in San Mateo County and is centrally located between the cities of Burlingame and San Mateo (6 minutes and 10 minutes respectively to the south) and San Bruno and San Francisco (8 minutes and 25 minutes respectively to the north). As part of the San Francisco metropolitan area, residents of Millbrae have many options when it comes to employment, education, entertainment and recreation, as well as real estate. Additionally, residents enjoy the waterfront of the San Francisco Bay, the city's close-knit atmosphere, along with the quick and easy access to a number of public transportation options, as well as San Francisco International Airport. (more)
Because Millbrae is located so close to San Francisco, many visitors and tourist opt to stay in Millbrae for its many hotels, location next to the airport, and for quick and convenient access to public transportation. As a result, the hospitality industry serves as an economic mainstay for Millbrae. Many residents are also employed by the city and county, and the local school district. Millbrae School District serves the educational needs of students and is also home to Mills High School, the highest test-scoring school in San Mateo County. Area colleges and universities such as the College of San Mateo among others are located nearby. If you're looking to play a few rounds of golf, or go hiking, biking and exploring in some of the area's county, state, and local parks, Millbrae has you covered. Millbrae's housing options are diverse and affordable, with listings for single-family homes, townhouses and condos anchoring the marketplace.
Millbrae Real Estate Market: Price Range of Millbrae Homes
Prices can exceed $1 million for new construction in Millbrae Estates as well as charming Mediterranean-style homes in some of Millbrae's exclusive subdivisions. Millbrae's condominium offerings are affordable and are located in safe, quiet areas within distance to local transportation, community parks and schools. Prices for condos and townhomes in Millbrae range from the low $240,000s to $800,000.
Millbrae, California Average Home Sizes and Asking Prices
Asking Price in 94030 - 3 Bedroom Single Family Homes
Millbrae Real Estate Stats and Trends for the week of October 18th, 2019: homes priced around $1,911,538 compared to $1,916,167 the previous week, for a slight decrease of less than -1%. For Friday, October 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.