Hello Princeton and Welcome Back Home!!
Your answer, of course, depends greatly on three key factors: 1) Price; 2) Building Configuration and 3) Desired Commute times. A north to south commute in the morning and a south to north commute in the evening is considered slightly "reverse" commute on 101 and 280 although both freeways are pretty crowded during peak commute hours.
If your husband is commuting to San Mateo from the south, the commute times get a bit longer, but are still not bad. The "bottle-necks" are at Mountain View and Palo Alto along 101 and Palo Alto at Page Mill on 280, where both exits feed large technology companies. From Sunnyvale to San Mateo at 7:30 in the morning, the commute is approximately 40 minutes, so if this time is amenable to you, you might consider housing in areas as far south as Sunnyvale, Mountain View, Los Altos and Palo Alto, which all have great schools, and API scores in the high 800 to high 900 range. Further up the Peninsula, parts of Menlo Park, Redwood City and Foster City are all very much desired by families seeking both a great commute to San Francisco and San Mateo as well as a varied terrain for living. Both Redwood City and Menlo Park have "bay side" housing, and Foster City is well known for its lagoons and waterways. The City of Redwood City can also boast homes with great views from the nearby hills, so there's plenty of variety along the Peninsula.
As Andrea pointed out, for more information, look at greatschools.com to get a sense of the types of schools in any area where you might be interested in looking.
In the meantime, if you need help finding a home, you can begin your search now at http://www.mlslistings.com,
the public site for the MLS here in Santa Clara County. This will give you a sense of what's available as well as the approximate cost. When you get here, if you need additional help, feel free to contact me, and I'll be happy to help you locate a home.
Grace Morioka, SRES
Area Pro Realty