Millbrae, CA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Millbrae short-term rental market based on reliable data.

Listings

26 / 94

Reliable / Active

Cap Rate

1%

Middle-Earners Gross Yield

Revenue

$29,746

Middle-Earners Revenue

Occupancy

78%

Middle-Earners Occupancy

Home Value

$2,082,827

Median Home Sale Price

Top Earners

$62,714

Top-Earners Revenue

Millbrae

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Millbrae.

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C

Challenging to Investors

Millbrae Regulations

Millbrae allows STRs, but they must be the owner’s primary residence, nonhosted units are capped at 100 nights per year, both standard and junior ADUs are prohibited from STR use, and multiple permits, inspections, an annual $1,000 deposit, and ongoing compliance (TOT, business/home occupation licenses) are required. Fines up to $1,000/day and an active code‑enforcement hotline create a high compliance burden that deters investors seeking scalable STR operations.

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About Millbrae

Millbrae is a small, well-established city in San Mateo County, California, situated on the San Francisco Peninsula just south of San Francisco International Airport. With a population of roughly 22,000 residents, the city has a quiet, suburban character that contrasts with the bustling urban centers surrounding it. Often described as a commuter town, Millbrae is best known for serving as a gateway to both downtown San Francisco, which lies approximately 15 miles to the north, and the broader Bay Area. Its convenience, mild climate, and easy access to regional transit make it a popular stopover for travelers moving through Northern California.

One of the area's most compelling draws is its proximity to San Francisco, easily reached by car or by BART and Caltrain from the centrally located Millbrae station. The city offers visitors access to iconic landmarks, cultural institutions, and the waterfront neighborhoods that define the Bay Area, all within about a 30-minute drive depending on traffic. San Francisco is a global city with a deep history and an unmistakable identity that draws millions of visitors each year.

To the south, the Pacific coast beckons with the town of Half Moon Bay, roughly 20 miles down the coast along Highway 1. Known for its rugged bluffs, sandy beaches, and small harbor, Half Moon Bay offers a slower-paced coastal experience and is a popular day trip from the Bay Area peninsula. Half Moon Bay also hosts seasonal events and a charming downtown filled with local shops and restaurants.

Closer to home, the area around San Bruno Mountain provides an easily accessible outdoor escape, with hiking trails and open space just minutes from Millbrae. The mountain's elevated ridges offer some of the most expansive views of the Bay Area, including the airport, the bay, and on clear days, the surrounding hills and the distant Pacific Ocean. Adjacent to Millbrae, the city of Burlingame features a walkable downtown with restaurants, boutiques, and the scenic Bayfront Park along the water, all within a short drive or bike ride.

Millbrae's combination of small-town atmosphere, transit connectivity, and proximity to both San Francisco and the Pacific coast makes it a particularly appealing base for short-term rental visitors. Travelers benefit from quick access to the airport, the cultural attractions of the city, the natural beauty of the coast, and the quieter charm of the Peninsula's residential communities, all without the noise and congestion of staying directly in San Francisco itself.

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