https://www.zillow.com/san-francisco-ca/home-values/
The median home value in San Francisco is $1,249,000. San Francisco home values have gone up 11.7% over the past year and Zillow predicts they will rise 2.3% within the next year.
The median list price per square foot in San Francisco is $994, which is higher than the San Francisco Metro average of $463. The median price of homes currently listed in San Francisco is $1,199,000 while the median price of homes that sold is $1,193,492.
The median rent price in San Francisco is $4,450, which is higher than the San Francisco Metro median of $3,295.
“The median price of homes currently listed in San Francisco is $1,199,000 while the median price of homes that sold is $1,193,492.”
What kind of home does that buy? A mansion?
“The median home value in San Francisco is $1,249,000.
Pretty sure the roads that lead into San Francisco also lead out...
Those numbers are obscene.
Explains why so many live illegally crammed into warehouses as we learned when the warehouse recently burned. I always wonder when real estate is that high where lower income people are supposed to live? Waitresses, janitors, even lower paid office and retail employees- where do they live?
I lived in a mountain tourist area for a while, I grew up there and went back when I got out of college. I got what I thought was a good job; entry level accounting. I soon found out I could not afford to live there. I took a second job (which meant I could not continue my college plan) I even had a room mate. It wasn’t just that the rental costs were so high there; few places to rent at all. I finally had to rent a cabin 17 miles out of town and commute. It was just crazy.
I have no idea what the answer is to high cost areas, my solution was to move and do something different. In my case I don’t like to live in town anyway so it made the choice easier.