The housing market in the San Francisco-Oakland-Hayward, CA Metro Area has a median value of $1,116,800 which is significantly higher than the US median house value of $338,100. Though appreciation rates are still positive for the area at 3.82%, this is much lower than the national rate of 8.27%. This suggests that there is an imbalance between supply and demand in the area which could be driving up prices compared to other areas across the country.
The median home cost in San Francisco-Oakland-Berkeley Metro Area is $1,116,800. Home appreciation the last 10 years has been 119.8%. Home Appreciation in San Francisco-Oakland-Berkeley Metro Area is up 9.6%.
Average Age of Homes
- The median age of San Francisco-Oakland-Berkeley Metro Area real estate is 51 years old
The Rental Market in San Francisco-Oakland-Berkeley Metro Area
- Renters make up 43.2% of the San Francisco-Oakland-Berkeley Metro Area population
- 1.9% of houses and apartments in San Francisco-Oakland-Berkeley Metro Area, 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.