San Francisco Neighborhood Affordability
Where to Buy a Home in San Francisco for the Money You Want to Spend
The charts below are based upon 2015 YTD transactions reported to MLS by July 24, 2015 . We’ve generally broken out the neighborhoods with the most sales within given price points. To a large degree, if you’re buying a house in San Francisco, your price range effectively determines the possible neighborhoods to consider. That does not apply quite as much to condos and TICs: Generally speaking, in neighborhoods with high numbers of condo and TIC sales, there are buying options at a wide range of price points – though, unsurprisingly, the number of bedrooms increases as prices get higher.
Of course, era of construction, views, average size and many other features and amenities can vary widely between neighborhoods.
A San Francisco neighborhood map can be found at the bottom of this report.
Where to Buy a HOUSE for under $1 million in San Francisco
The overall median HOUSE price in the city in the 2nd quarter of 2015 was about $1,350,000, so the under million-dollar house is becoming much less common. The vast majority of house sales under $1,000,000 now occur in a large swath of neighborhoods running across the southern border of San Francisco: from Ingleside and Oceanview through Crocker Amazon, Excelsior, Portola and Visitacion Valley to Bayview. These southern border neighborhoods are by far the most affordable house markets in the city. (They don't contain many condos at this point, though some big developments are planned.) Neighborhoods that not so long ago had numerous sales in this price range - such as Central Sunset and Parkside, Outer Richmond, Bernal Heights and Miraloma Park - have now generally appreciated over the last 3 years to the point where such sales are increasingly rare.
The horizontal columns reflect the number of sales under $1 million in 2015 YTD for each area, while the median sales prices noted are for all house sales during the period. Median price is that price at which half the sales occurred for more and half for less.
Where to Buy a CONDO, CO-OP OR TIC for Under $1 million in San Francisco
In the general category of condo, co-op and TIC sales in San Francisco, condos make up about 90% of sales, stock co-op apartments 1 to 2%, with TICs making up the balance. TICs typically sell at a significant discount (10% - 20%) to similar condos, but there are a number of factors that affect the exact price differential.
The horizontal columns reflect the number of sales under $1m in 2015 YTD broken down by sales of 1-bedroom units and sales of 2+ bedrooms.
In the charts below, the horizontal columns reflect the number of sales in each area, while the dollar amounts reflect average dollar per square foot values for the homes in this price range in the specified areas.
Buying a HOUSE for $1.5 million to $2 million
The charts below are broken out by increasingly higher price segments within the overall "luxury" price range.