San Francisco real estate market overview
- Average Monthly Rent: $3,313
- Home Price/Value Percentage Change: -11.80%
- Median Home Value: $1,277,409
- Best Time To Sell a Home: April
- Affordability Index: Low
- Days To Sell a House: 41
- Job Market: Fair
- Public School Ranking: 40
Location and weather
San Francisco is a spectacular city on California's coast. It is home to the Golden Gate Bridge, steep hills, Victorian style houses and the beautiful San Francisco bay. At the tip of the peninsula, halfway up the coast of northern California, San Francisco is surrounded by the Pacific Ocean, the Golden Gate strait, and the San Francisco Bay.
The summers in San Francisco are ideal, while the winters are cold and windy. Summer temperatures are in the low 70's, with highs in the 50's. The temperatures in the winter are in the 50's, with lows in the mid-40's.
Population, job market and cost of living
San Francisco's population in 2023 is 894,584, with a growth rate of 0.77%.
The job growth has decreased by -9.54% over the last year and in ten years, is predicted to have increased by 39.10%. San Francisco is the base for the Pacific Exchange and over 30 international financial institutions. San Francisco is also the birthplace of new media, welcoming innovative technology companies that lead the industry. San Francisco's Mission Bay neighborhood is the center for collaborative innovation between the biotechnology industry and academic researchers. The major employers are Wells Fargo, BNP Paribas, Wanda Inc, Wells Fargo Capital II and Securitize.
The cost of living is high, due to the San Francisco real estate market and the high cost of available housing. As a major financial center, with a scenic location on the water, known to be an area of historical architecture and an ideal climate, San Francisco will continue attracting those that want to live and work in this progressive city.
San Francisco real estate market details
- Duboce Triangle
- Pacific Heights
- South Beach
- Mint Hill
- Outer Sunset
There has been a -11.8% decrease in median home value over the last year. As of 2023, the median home value is $1,277,409.
The best time to sell a home for the highest valued sale is during April. For the quickest sale, homeowners should sell in May.
The affordability index in San Francisco is 244. This number indicates low affordability in this city.
The top ranked public schools are Alamo Elementary School, West Portal Elementary School, Mission Preparatory, City Arts and Technical HighSchool and Creative Arts Charter. This information is based on data measuring academic performance and equity.