Hayward Real Estate Market Overview
Average Monthly Rent:
$2,153
Percentage Change in Home Price/Value:
-2.70%
Median Home Value:
$659,372
Best Time To Sell Home:
April
Affordability Index:
64.1
Days To Sell House:
46
Job Market:
Fair
Public School Ranking:
38
Location and Weather
Hayward is a stunning coastal city on San Francisco Bay, located 25 miles southeast of San Francisco and 15 miles south of Oakland. Hayward is on the seismically active Hayward fault, and is connected via the San-Mateo-Hayward Bridge across the San Francisco Bay. Hayward has diversified over the years from agriculture, manufacturing, retail businesses and service industries.
Hayward has temperate weather, with mild summers and cold, wet winters. Temperatures in the summer are in the mid-70’s, with lows in the 40’s. The winter temperatures are in the 50’s, with lows in the 40’s.
Population, Job Market and Cost of Living
The population of Hayward in 2019 was 159,620, with a growth rate of -.23. The job growth has increased by 1.35% and in ten years, is predicted to have increased by 36.12%. The largest industries are in professional, scientific, and technical services, healthcare and social assistance, as well as retail trade.
The major employers are California State University – East Bay, Ultra Clean Holdings and Impax Laboratories. Local attractions and festivals include the C.E. Smith Museum of Anthropology at California State University, Hayward, The Hayward Area Historical Society Museum, The Hayward/Russell City Blues Festival, and the Zucchini Festival.
The San Francisco Bay Area is also home to several professional sports teams. The cost of living is high, due to the real estate market and pricing of housing.
With a scenic location on San Francisco Bay, good job growth in a diversified job market, urban lifestyle, temperate weather and historic museums, Hayward will continue to attract those who want to live near the San Francisco Bay.
