Buying a single family house in foster city?

Asked by Vee09, Foster City, CA Fri Feb 13, 2009

My husband and I have been renting in foster city since we were employeed. We really like foster city. Now we have a baby and are thinking of buying a single family house. Our budget range is 800K ~ 900K (3 bedrooms, 2 bathrooms, 1500 sqt ). We always hear from our friend is that Foster city does not have a good high school (It has pretty good elementary school/middle school though). I guess we could move when our child reaches the high-school age. But I still wonder how much that would affect the appreciation of our home value. Also, any suggestion for another area with good district but still within our budget? I hope it is not too far away from pennisula.

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The Laugesen…, Agent, Burlingame, CA
Sat Oct 3, 2009
Dear Foster City home buyer,
Foster City students feed into Burlingame High School, Aragon High School, Hillsdale High School and San Mateo High School. All great and award winning schools. Foster City's home appreciation has always been steady and progressive, sure in the last 16 months we have seen some homes go down in value but compared to other cities, Foster City is a stable real estate market.
Currently there is not much inventory in your price range, however every one in a while a gem will come up in your price range and you will need to be ready. Homes in that price range have a very large audience, be ready to pull the trigger when an opportunity comes your way. Hopefully you are working with a loan agent and you currently have a preapproval letter, if you don't, give me a call and I can refer you to 2 very reputable loan agents.
I have access to properties not yet listed, give me a call and lets see if there is a home out there thay may fit your needs.
Good luck to you and if you are not working with an agent, give me a call< I would love to find that property that you can call home.
denise laugesen
Cashin Company
#1 Producing Agent
Direct Line: 650-403-6225
DRE: 01011089
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Robin & Les…, Agent, Burlingame, CA
Fri Jul 17, 2009
Foster City has its own elementary and middle shcools. It is part of the San Mateo/Foster City high school system. With less than 30,000 residents, Foster City is too small to have its own high school. This is the same for other small towns on the Peninsula. Hillsborough kids go the San Mateo High School, a school with kids from diverse backgrounds. Atherton kids go to Menlo-Atherton High School with kids from diverse backgrounds. Foster City kids go the Hillsdale High School in west side San Mateo.

Overall, this fact will not affect home values and appreciation. First time home buyers often don't even have kids yet when they buy their first home. Who knows where they will live 10-15 years down the road? The politics of local school systems change constantly, so there is no way to predict what the high school situation will be 10 years in the future. Home values tend to follow elementary school scores.
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Suena Suen, Agent, Daly City, CA
Fri Feb 13, 2009
Foster City is a good city to raise your family. It has good elementary and middle schools. San Mateo Union High is also good. Foster City house value appreciates well. You can always make a move in future, and keep this first house as rental.
What your concern right now should be whether you can find a single family home that you like within your budget. Not many choices in the market. Most likely 3 bedrooms 2 baths with 1500sqft house is in the range of high $900K. Talk to a loan agent first to find out how much you can afford, and then work with a Realtor to see what you can get in the market.
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Chris Molnar, Agent, San Mateo, CA
Fri Feb 13, 2009
Foster City is a wonderful town to raise a family. Stay if you like it. Right now there are only 3 homes in your price range. 300 Bodega has only 1280 sqft, 730 Vespucci Lane is a single family attached home with a HOA fee of $ 473/month. and1412 Melbourne has 1531 sqft and is listed for $ 918,000. Foster City students attend high schools in the San Mateo Union High School District. Aragon, San Mateo, Hillsdale, Burlingame, Mills and Capuchino High are part of that district. My children attended Burlingame High and we met many Foster Citiy families . The district has provided transportation from FC to Burlingame. Belmont, San Carlos and some neighborhoods in San Mateo have very good district schools. Your biggest challenge will be to find a home you like, in the price range you can afford.
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Arn Cenedella, Agent, Greenville, SC
Fri Feb 13, 2009
Ranking of schools is somewhat subjective and always relative.
I have lived in San Carlos for 22 years - one of my boys went to Carlmont - the other to Serra (private).
San Mateo High schools rank well compared to Sequioa High School District which covers Belmont to Menlo Park. That being said these high schools are not ranked as high as those in Palo Alto or Cupertino.
As Jim notes, high school is a long way away.
You will probably need to spend closer to $900K than $800K to get a 3/2 as you descrive in Foster City Belmont or San Carlos.
San Carlos is a great town - taking nothing away from the other cities.
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Jim Minkey, Agent, San Carlos, CA
Fri Feb 13, 2009
I've often been confused by this High School issue. Foster City has appreciated at least as well as it's outlying neighbors...without a High School, and last year had depreciation in value LESS than San Carlos did. San Carlos has a fantastic reputation for schools too. I don't think it's such a bad thing for a child to go to San Mateo High Schools...they're good schools. For what it's worth Foster City has the BEST elementary schools around too. You've got 13 or 14 years until you need to worry about a High School. If you like Foster City...stay there.
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Glen Mitchell, Agent, Half Moon Bay, CA
Fri Feb 13, 2009
If the high school currently isn't good, then that should already be factored into prices in the area, so you need a good realtor who can show you what fair prices are. Schools constantly change and if its bad now may be good by the time your children get there. As you mention, you could always move and the high school shouldn't effect your value as that was already built into the cost when you purchased. Check out for lots of info on test scores and school ratings. I think foster city is nice too. Look at everything in terms of values and it may make your decision easier.

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