Housing Context

In Foster City there is a broad mix up housing options including Single Family Homes, Duplexes & Townhomes, Apartments and Condos.

Everyone is impacted by housing one way or another.  Whether you own a waterfront home or your mortgage payments or rents are too high, housing affects you and your loved ones.  Whether you cannot find employees to work in your small business, your have commute to work is too long, or you are uncertain about where to find housing, housing affects us all. 

Income to Housing Ratio

In Foster City, the Median Home Value is $1,536,300; 58.3% of the residents own and 41.7% of the residents rent; and the average monthly rent for a 1 BR is $3,037. This means that a person would need to earn at least $121,488 a year to afford rent. 

Community Displacement

On April 7, 1986, the City of Foster City and Foster’s Landing Associates entered into an agreement which requires that Foster’s Landing provide 74 affordable housing units to Qualified Households at Foster’s Landing, a 490 unit residential condominium.  In the years between 2020 and 2023, the affordable housing agreement will be expiring and those 74 units will no longer be affordable.  This means that approximately 48 families of 4 or fewer, 18 seniors, and 3 large families will be homeless or displaced within the next couple of years.