San Francisco, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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San Francisco, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

San Francisco Housing Market Information

With a population of 884,363, 358,772 total housing units (homes and apartments), and a median house value of $1,304,885, San Francisco house prices are not only among the most expensive in California, San Francisco real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in San Francisco, accounting for 46.68% of the city's housing units. Other types of housing that are prevalent in San Francisco include duplexes, homes converted to apartments or other small apartment buildings ( 21.33%), single-family detached homes ( 19.97%), and a few row houses and other attached homes ( 11.81%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in San Francisco primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. San Francisco has a mixture of owner-occupied and renter-occupied housing.

The housing in San Francisco was primarily built before 1939 ( 47.98%), making the housing stock in San Francisco some of the oldest overall in America, although there is a range of ages of homes in San Francisco. The next most important housing age is between 1940-1969 ( 26.15%), followed by between 1970-1999 ( 17.26%). There's also some housing in San Francisco built between 2000 and later ( 8.61%).

San Francisco Home Appreciation Rates

In the last 10 years, San Francisco has experienced some of the highest home appreciation rates of any community in the nation. San Francisco real estate appreciated 93.56% over the last ten years, which is an average annual home appreciation rate of 6.83%, putting San Francisco in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Francisco definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in San Francisco that despite a nationwide downturn in the housing market, San Francisco real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Francisco appreciation rates continue to be some of the highest in America, at 13.02%, which is higher than appreciation rates in 99.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Francisco. San Francisco appreciation rates in the latest quarter were at 2.20%, which equates to an annual appreciation rate of 9.08%.

Relative to California, our data show that San Francisco's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within San Francisco differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Francisco - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best San Francisco real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,304,885

San Francisco, CA HOME PRICES

Value Range
> $1,372,000 40.8
$1,029,001 - $1,372,000 24.1
$686,001 - $1,029,000 23.2
$549,001 - $686,000 4.5
$412,001 - $549,000 2.8
$274,001 - $412,000 1.6
$137,001 - $274,000 1.0
$69,001 - $137,000 0.5
$0 - $69,000 1.5

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.72992700729927 8.25688073394496

Number Of Homes And Apartments:
358,772

San Francisco Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
172.36% 5.34%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,165 / per month

Homeownership Rate

Homeownership
Owners 36.42
Renters 63.58
Vacant 8.10

Housing Market Details

 

Age of Homes

AGE OF San Francisco HOMES
2000 or Newer 8.6
1970 - 1999 17.3
1940 - 1969 26.2
1939 or Older 48.0

Types of Homes

TYPE OF San Francisco HOMES
Single-Family 20.0
Townhomes 11.8
Small Apt. Buildings 21.3
Apt. Complexes 46.7
Mobile Homes 0.1
Other 0.1

Home Size

SIZE OF San Francisco HOMES
No Bedroom 14.48
1 Bedroom 26.13
2 Bedrooms 30.54
3 Bedrooms 19.07
4 Bedrooms 7.17
5 or more bedrooms 2.61