Half Moon Bay, CA—94019
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Half Moon Bay, CA
As of Aug '25, the median home price in Half Moon Bay, CA is $1,524,000, with a year-over-year change of 2.3%. This indicates that home prices in Half Moon Bay, CA are increasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $940,000 | -0.5% |
3 Bed | $1,454,000 | 2.3% |
4 Bed | $1,861,000 | 3.8% |
| 5 Bed | $2,326,000 | 2.2% |
Rental Trends — Half Moon Bay, CA
As of Jul '25, the average rent in Half Moon Bay, CA is $5,510, with a year-over-year rent change of 9.8%. 2-bedroom units average $3,800 (5.8%); 3-bedroom units average $6,190 (14.0%); 4-bedroom units average $5,500 (-20.5%)
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,500 | $5,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,500 | $3,800 |
| 3 Bed Rent | $6,000 | $6,190 |
| 4 Bed Rent | $5,500 | $5,500 |
Property Listings — Half Moon Bay, CA
As of Aug '25 and according to Realtor.com, the median days on market for a home in Half Moon Bay, CA is 57. This is an decrease of -5.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,600,000 | -6.0% |
Listing Count | 47 | N/A |
| Listings as % of Homes | 0.3% | N/A |
Days on Market | 57 | -5.0% |
Demographics — Half Moon Bay, CA
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,800 | -27.4% |
% Under 18 | 20.4% | 0.0% |
| % Under 5 | N/A | N/A |
% Seniors | 22.3% | 28.2% |
% WFH | 25.5% | 249.3% |
% w/ College Degree | 53.8% | 9.1% |
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.6% | -1.4% |
% Black | 0.8% | 700.0% |
% Hispanic | 29.5% | 2.1% |
% Asian | 3.9% | -39.1% |
% Foreign Born | 20.3% | -12.1% |
Mortgage and Risk — Half Moon Bay, CA
According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Half Moon Bay, CA in that year was 112. 98.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 49.0%. Of those, 2.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Half Moon Bay, CA. Investor activity in Half Moon Bay, CA is low, as 1.0% of all loans are originated by investors. In 2023, 11.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.
Mortgages
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
Total Loan Originations | 112 | N/A | N/A |
% Conventional Loans | 98.0% | N/A | N/A |
% Government Loans | 2.0% | N/A | N/A |
% Investor Loans | 1.0% | N/A | N/A |
% Second Loans | 4.0% | N/A | N/A |
% Cash Out Refinance | 11.0% | N/A | N/A |
Rentals and Section 8 — Half Moon Bay, CA
As of 2024, the percent of homes in Half Moon Bay, CA under the Section 8 program is 20.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.
Section 8 Market Size
Total Units under HUD | 318 |
Total Units Section 8 | 255 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,540 |
| 2 Bedroom | -$470 | $3,500 | $3,030 |
| 3 Bedroom | -$2,290 | $6,000 | $3,710 |
| 4 Bedroom | -$1,470 | $5,500 | $4,030 |
Affordability — Half Moon Bay, CA
Home Price to Income Ratio
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
| Home Price to Income Ratio | 9.4 | N/A | N/A |
| Median Home Price | $1,524,000 | N/A | N/A |
| Median Household Income | $153,000 | N/A | N/A |