Dedicated to Empowering and Informing the Burlingame Community

In preparation for the Housing Forum on Saturday, here are a couple of statistics about housing costs in the Bay Area and B'game.  Today's Chronicle piece addresses real estate prices by noting

The median Bay Area home price surged to an all-time high of $820,000 in March, up 9.3 percent from February and up 14.7 percent from March of last year, research firm CoreLogic reported Tuesday.  For the fourth consecutive month, Santa Clara and San Mateo counties showed the steepest year over year gains: 33.6 and 25.7 percent, respectively.

People “are trying to desperately buy something before it becomes completely unaffordable,” said Scott Anderson, chief economist with Bank of the West. “Six months, a year from now, you will see more of the downside from rising rates.”

While Zumper has provided this B'game-specific information to the Voice

-Burlingame ranked as the 7th most expensive city in the Bay Area to rent this month.

-The price of one bedroom units grew 4.4% to a median of $2,620, while two bedrooms jumped 5% to $3,390.

If you click through to the Zumper blog post and view the Yearly 1 Bedroom Rent Evolution chart you will see they find a 14% YoY increase–which is more than 45% less than the real estate price increase noted above for San Mateo County.  I'm guessing B'game is at the upper end of the County increases, so rents are increasing much slower than residential prices.  Food for thought before there is another run at rent control.

Posted in , ,

One response to “Housing by the Numbers”

  1. local motion

    Does Cynthia the Socialist think it is fair that house prices are going up faster than rents? Wanna bet yes?

Leave a Reply


The Burlingame Voice is dedicated to informing and empowering the Burlingame community.  Our blog is a public forum for the discussion of issues that relate to Burlingame, California.  Opinions posted on the Burlingame Voice are those of the poster and commenter and not necessarily the opinion of the Editorial Board.  Comments are subject to the Terms of Use.


All content subject to Copyright 2003-2026

Discover more from The Burlingame Voice

Subscribe now to keep reading and get access to the full archive.

Continue reading