Robert Handa reports. The median price of a home for sale in San Francisco has dropped recently, but it's up compared to this time last year, according to real estate analyst firm Redfin. Redfin said the San Francisco median price is $1.488 million, a decline of more than 5% from November to December.14 Jan 2022
Is rent going up or down in San Francisco?
Today it is $2,810, up only 4.9 percent and still 20 percent below the pre-pandemic mark, according to a new report by Zumper. Nationally, rents are 11.6 percent above where they were last year, Zumper's State of the American Renter report found.15 Dec 2021
What is it like to live in SoMa?
A sprawling neighborhood with distinct areas, SoMa has everything from high-rise living to Victorian homes and museums, nightlife, and a baseball stadium. SoMa has an average violent crime rate and an average property crime rate for San Francisco.
Is SoMa a good area?
Today, it's one of the coolest neighborhoods in San Francisco. SOMA is packed with happening bars, boutique shopping, alternative culture, museums, art galleries, and tasty restaurants. It also has great parks and is conveniently located next to lots of public transportation.5 Feb 2020
Should you live in SoMa SF?
It can be a good place to live, but you definitely have to remain vigilant and keep your wits about you on the street there.
Will rental prices drop in San Francisco?
San Francisco rental prices are dropping. Los Angeles is down only 4.9% and Seattle is down only 3.8% since March 2020, while SF rent is still down 20% when compared with March 2020, according to Zumper.14 Nov 2021
Will rent go down in 2021 Bay Area?
According to Apartment List, San Francisco saw the biggest rent plunge out of the 50 largest cities in the country, dropping 26.7% from March 2020 to January 2021. Median rent in March 2020 was $2,717, compared to $2,395 in October 2021. San Jose plummeted 15.2% and Oakland declined 14.2%.11 Nov 2021
How many apartment units are in San Francisco?
By the end of 2019, there were approxi- mately 399,300 dwelling units in the city.
How many apartments in San Francisco are rent-controlled?
More than 60% of San Francisco rental units fall under rent control.2 Sept 2020
How many affordable housing units are in San Francisco?
In 2019, affordable housing production totaled 1,456 units, which is over twice the number of affordable housing units produced in 2018. This is also almost 50% above the five-year average of 980 affordable units. These new affordable units made up 30% of new units added to the City's housing stock.