Foster City, CA—94404
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Foster City, CA
As of Oct '25, the median home price in Foster City, CA is $1,685,000, with a year-over-year change of -1.1%. This indicates that home prices in Foster City, CA are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,685,000 | -1.1% |
| Single Family | $2,035,000 | -0.2% |
| Condos | $947,000 | -7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $633,000 | -7.9% |
2 Bed | $1,062,000 | -4.6% |
3 Bed | $1,697,000 | -1.3% |
4 Bed | $2,285,000 | 0.2% |
| 5 Bed | $2,549,000 | 0.4% |
% of Housing Stock
Rental Trends — Foster City, CA
As of July '25, Rentcast reports the average rent in Foster City, CA is $3,870, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Foster City, CA is studios: $2,410, 1-bedrooms: $2,780, 2-bedrooms: $3,930, 3-bedrooms: $5,610, 4-bedrooms: $6,620. The most common rental property sizes in Foster City, CA are 2-bedroom and 1-bedroom, accounting for 35.7% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,870 |
| Studio Rent | $2,550 | $2,410 |
| 1 Bed Rent | $2,780 | $2,780 |
| 2 Bed Rent | $3,700 | $3,930 |
| 3 Bed Rent | $5,400 | $5,610 |
| 4 Bed Rent | $6,500 | $6,620 |
% of Rental Stock
Property Listings — Foster City, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Foster City, CA is 26. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,360,000 | 2.0% |
Listing Count | 71 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 26 | 6.0% |
Demographics — Foster City, CA
As of the latest ACS Survey released in 2023, Foster City, CA has a population of 36,000, which has decreased by -2.6% over the past 5 years. Foster City, CA is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 74.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | -2.6% |
% Under 18 | 21.5% | -0.5% |
% Seniors | 18.1% | 11.7% |
% WFH | 29.8% | 451.9% |
% w/ College Degree | 74.5% | 7.3% |
As of the latest ACS Survey released in 2023, Foster City, CA is a predominantly asian area, with 52.1% of the population identifying as asian. The asian population has grown by 12.8% in the last 5 years. The second most common race or ethnicity in Foster City, CA is white, making up 32.4% of the population. Foreign-born residents account for 46.8% of the population in Foster City, CA, and this percentage has increased by 4.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 32.4% | -16.9% |
% Black | 1.7% | -26.1% |
% Hispanic | 6.8% | -15.0% |
% Asian | 52.1% | 12.8% |
% Foreign Born | 46.8% | 4.2% |
Mortgage and Risk — Foster City, CA
According to HUD data as of 2023, there were 220 mortgage originations in Foster City, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Foster City, CA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 220 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Foster City, CA
As of 2024, the percent of homes in Foster City, CA under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Foster City, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 264 |
Total Units Section 8 | 264 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,040 | $2,780 | $3,820 |
| 2 Bedroom | $860 | $3,700 | $4,560 |
| 3 Bedroom | $290 | $5,400 | $5,690 |
| 4 Bedroom | -$450 | $6,500 | $6,050 |
Affordability — Foster City, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $1,685,000 |
| Median Household Income | $182,000 |