The housing market in San Francisco, CA is booming! With a median value of $1,237,600, it far exceeds the US median house value of $338,100. The value of houses in San Francisco has also seen a much higher appreciation rate over the past year at 13.69%, compared to the US average of 8.27%. This demonstrates that there is a significant demand for homes in the area and indicates that property values will continue to rise in the near future.
The median home cost in San Francisco is $1,237,600. Home appreciation the last 10 years has been 80.7%. Home Appreciation in San Francisco is up 5.3%.
Average Age of Homes
- The median age of San Francisco real estate is 75 years old
The Rental Market in San Francisco
- Renters make up 58.1% of the San Francisco population
- 2.8% of houses and apartments in San Francisco, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.