Posts Tagged ‘Potrero Hill’

Where Renting is Most Expensive in San Francisco

For those of us living in San Francisco, it’s no surprise the price of housing is a big concern both locally and nationwide. San Francisco in fact has been the country’s most expensive rental market (for one bedroom units) since August 2014 when our City by the Bay claimed the top spot over New York City.

Thanks to our friends at Trulia, here’s a breakdown of the San Francisco’s neighborhoods where rents are highest:

San Francisco Neighborhoods with the Most Expensive 1-Bedroom Rentals

#

Neighborhood

 % of 1-Bedrooms Renting for $3,000+

Median Rent

1

Fisherman’s Wharf

82.80%

$3,500

2

Mission

78.8%

$3,500

3

Pacific Heights

73.8 %

$3,600

4

Castro

71.9%

$3,500

5

Potrero Hill

71.7%

$3,600

6

Telegraph Hill

70.0%

$3,325

7

Mission Dolores

69.0%

$3,500

8

Cow Hollow

68.8%

$3,350

9

Hayes Valley

68.7%

$3,500

10 

Marina

68.3%

$3,348

 

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You may recall the story we published in September where we analyzed the financial question of Buying vs Renting and revealed this gem: Buying… is a better financial decision even if you could rent for free! Despite early indicators showing our local market could be leveling off, don’t expect prices to decrease unless we see an actual decrease in demand. 

 

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Meredith Martin is a Broker Associate at Paragon Real Estate Group and can be reached at Meredith@OpeningDoors.me

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Updated: New Condo Developments in San Francisco

 

 

 

 

For more information on any of the new condominium developments now selling or under construction, please contact me.

Are you getting my monthly San Francisco newsletter? You can subscribe here.

 

Meredith Martin is a Broker Associate at Paragon Real Estate Group and can be reached at Meredith@OpeningDoors.me

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