San Francisco CA Real Estate - San Francisco CA Homes For Sale | Zillow (2024)

FAQs

How much is an average house in San Francisco? ›

San Francisco, CA housing market

The median listing home price in San Francisco, CA was $1.2M in June 2024, trending down -7.7% year-over-year. The median listing home price per square foot was $957. The median home sold price was $1.2M.

2021 and beyond is a great time to buy property in the SF Bay Area. Due to various factors, the housing market should stay strong for years to come. SF Bay Area property prices have actually underperformed during the global pandemic as people moved to less dense areas.

The cost of living in San Francisco, CA is 24% higher than the state average and 71% higher than the national average. San Francisco, CA housing is 190% more expensive than the U.S average, while utilities are about 35% pricier.

If you're confident that you can afford the cost of the purchase (as well as the ongoing costs of property taxes, insurance premiums, maintenance and upkeep), then it may well be a good idea. San Francisco real estate has historically proven to be a wise investment.

"San Francisco tops the list in the Bay Area at $131,000," Rebecca Sowell with Consumer Affairs said. "That's the minimum income in order to live a comfortable lifestyle."

You'll need to earn triple a $100,000 salary to live well in San Francisco. This tech-focused California city has a median household income nearly double the national average. Living expenses cost 82.8% more than the national average, making it a pricey place to live.

In San Francisco, an income of $339,864 is needed to comfortably afford a mortgage in the city, according to Zillow. The real estate marketplace company in its analysis found the income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time.

This was especially the case in the San Francisco and San Jose metro areas, which had some of the highest cost differentials: In San Francisco, their data showed you'll pay nearly 96% more to own versus rent.

In short, yes. Older adults happen to be the fastest growing age group in San Francisco, with almost 30 percent of residents hitting 60 or older by 2030, according to the San Francisco Human Services Agency. In 2010, it was 19 percent and in 2020 it was 23 percent.

However, when looking at the San Francisco metro area, the LendingTree study found it would take an average of $1.37 million to retire. That's nearly 40% higher than the national average, the largest amount among all U.S. metros — and only about 7% away from the “magic number” finding from Northwestern Mutual.

Is it better to live in LA or San Francisco? ›

The Bay Area vs SoCal debate often comes down to coastal small city charm against LA's sprawling entertainment mecca. San Francisco fosters a quaint, community-oriented lifestyle with great walkability, while fast-paced Los Angeles offers endless dining, nightlife, events, and activities.

When you rent an apartment in San Francisco, you can expect to pay about $2,208 per month for a studio, $2,851 for a one-bedroom apartment, and around $3,951 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,991 or more. $2,208/mo.

$1,292,126. The average San Francisco, CA home value is $1,292,126, up 0.3% over the past year and goes to pending in around 15 days.

$200k in SFBA is well beyond the point where all your basic needs are met. The fact that you have have to stipulate that one can live without roommates and "all basic needs are met" with a $200,000 salary proves the OP's point. That's more than 6 times the median annual income in the US.

San Francisco's median down payment was so high, in part, because the typical buyer paid 25% of the purchase price of the home in February, the highest of all metropolitan areas, according to Redfin.

With a median household income that is nearly double the national average, San Francisco costs 82.8% more than the national average, the study found. San Franciscans need to earn slightly more than $300,000 pre-tax to take home $100,000 of purchasing power.

In San Francisco, an income of $339,864 is needed to comfortably afford a mortgage in the city, according to Zillow. The real estate marketplace company in its analysis found the income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time.

If you earn $50,000 a year in San Francisco or New York, you undoubtedly will need a roommate — or three — to make ends meet. But in many cities in the United States, $50,000 a year is plenty of money to live on.