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Hayward real estate market overview
- Average Monthly Rent: $2,370
- Home Price/Value Percentage Change: -6.90%
- Median Home Value: $836,819
- Best Time To Sell a Home: December
- Affordability Index: Low
- Days To Sell a House: 45
- Job Market: Fair
- Public School Ranking: 40
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. The San Francisco Bay Area is also home to several professional sports teams.
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 2023 is 168,585, with a growth rate of 1.13%.
The job growth has decreased by -9.01% 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 Ultra Clean Technology, Shasta Soda, Hayward Unified School District, Impax Laboratories and Heat and control. 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 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.
Hayward real estate market details
- Pleasant Valley
- Nicholtown
- Five Forks
- Wade Hampton
- Augusta Street Area
The average monthly rent in Hayward is $2,370 for an average apartment size of 812 sq. feet.
There has been an -6.9% decrease in median home value over the last year. As of 2023, the median home value is $836,819.
On average, homes in Hayward sell after 45 days on the market.
The best time to sell a home for the highest valued sale is during December. For the quickest sale, homeowners should sell in April.
The affordability index in Hayward is 168. This number indicates low affordability in this city.
The top ranked public schools are Core Learning Academy at Conley-Caraballo High School, Alameda County Community, Alternative Learning Academy at Conley-Caraballo High School, Brenkwitz High School and East Bay Arts High School. This information is based on data measuring academic performance and equity.