Market Overview
Home Prices in San Mateo, FL
The median home value in San Mateo, FL is $249,400 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and down 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in San Mateo are priced39% below average. San Mateo is part of the Palatka, FL metro area.
Over the past five years, San Mateo home values have risen by approximately12.6%, reflecting steady appreciation in this market.
Price History
San Mateo Home Price Trend
City Comparison
San Mateo vs. National Median
At $249,400, homes in San Mateo cost 39% below the national median of $410,000. This makes San Mateo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in San Mateo?
20% Down Payment
$49,880
on $249,400
Monthly P&I
$1,301/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,652/mo
incl. taxes & insurance
Income Needed
$66,080
gross annual (30% rule)
10% Down Option
$24,940
+ PMI applies
Loan Amount (20% dn)
$199,520
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in San Mateo, FL?
The median home value in San Mateo is $249,400 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in San Mateo?
Over the past year, home values in San Mateo have increased by 1.5%. Over five years, prices have risen approximately 12.6%.
How much do I need to earn to buy a home in San Mateo?
To comfortably afford the median home price of $249,400 with a 20% down payment ($49,880) at today's rates (6.8%), you'd need a gross annual income of approximately $66,080. This assumes keeping total housing costs at or below 30% of gross income.
How does San Mateo compare to the national average home price?
The national median home value is approximately $410,000. At $249,400, homes in San Mateo are 39% below the national average.
What metro area is San Mateo part of?
San Mateo is part of the Palatka, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.