South San Francisco, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating South San Francisco Neighborhoods Since 2000




South 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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

South San Francisco Housing Market Information

With a population of 67,271, 21,136 total housing units (homes and apartments), and a median house value of $931,093, South San Francisco house prices are not only among the most expensive in California, South San Francisco real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in South San Francisco, accounting for 57.20% of the city's housing units. Other types of housing that are prevalent in South San Francisco include large apartment complexes or high rise apartments ( 22.24%), duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), and a few row houses and other attached homes ( 9.24%).

The most prevalent building size and type in South San Francisco are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.90% owning and 40.10% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South San Francisco's housing was primarily built during this period, from the '40s through the '60s. A full 52.61% of the city's housing hails from this era. Other housing ages represented in South San Francisco include homes built between 1970-1999 ( 34.19%) and housing constructed between 2000 and later ( 9.25%). There's also some housing in South San Francisco built before 1939 ( 3.94%).

South San Francisco Home Appreciation Rates

In the last 10 years, South San Francisco has experienced some of the highest home appreciation rates of any community in the nation. South San Francisco real estate appreciated 19.20% over the last ten years, which is an average annual home appreciation rate of 1.77%, putting South San Francisco in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, South 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 South San Francisco that despite a nationwide downturn in the housing market, South San Francisco real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South San Francisco appreciation rates continue to be some of the highest in America, at 8.43%, which is higher than appreciation rates in 85.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South San Francisco. South San Francisco appreciation rates in the latest quarter were at 2.15%, which equates to an annual appreciation rate of 8.89%.

Relative to California, our data show that South San Francisco's latest annual appreciation rate is lower than 50% 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 South San Francisco differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South 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 South San Francisco real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$931,093

South San Francisco, CA HOME PRICES

Value Range
> $1,463,000 5.7
$1,098,001 - $1,463,000 16.4
$732,001 - $1,098,000 46.8
$585,001 - $732,000 16.7
$439,001 - $585,000 6.5
$293,001 - $439,000 2.5
$146,001 - $293,000 0.8
$73,001 - $146,000 1.4
$0 - $73,000 3.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.37595877978804 14.8148148148148

Number Of Homes And Apartments:
21,136

South San Francisco Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
106.83% 4.24% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,025 / per month

Homeownership Rate

Homeownership
Owners 59.90
Renters 40.10
Vacant 5.18

Housing Market Details

 

Age of Homes

AGE OF South San Francisco HOMES
2000 or Newer 9.3
1970 - 1999 34.2
1940 - 1969 52.6
1939 or Older 3.9

Types of Homes

TYPE OF South San Francisco HOMES
Single-Family 57.2
Townhomes 9.2
Small Apt. Buildings 9.5
Apt. Complexes 22.2
Mobile Homes 1.4
Other 0.5

Home Size

SIZE OF South San Francisco HOMES
No Bedroom 3.40
1 Bedroom 14.01
2 Bedrooms 25.73
3 Bedrooms 39.16
4 Bedrooms 13.87
5 or more bedrooms 3.83