The California Association of Realtors announced in July that San Francisco, once again, had the highest median home price in the state at $909 per square foot.
For perspective, five years ago that same stat was $420/square foot. Less than 18 months later, it had catapulted to $737/square foot. Now there’s not a single ZIP code in the city with a median within $100 of the 2012 citywide figure.
But if $909/foot is a median then that means that half of the city’s homes sell for less than that. So where are they?
The site PropertyShark sat down and compiled “all residential transactions closed from January 1st 2017 all the way through the end of August” and compiled a reference map by ZIP code.
The single priciest neighborhood in the city is South Beach, where the median now exceeds $1,200/foot. As for the lower end of the spectrum, here’s a quick breakdown of where the breaks lie:
- 94124, Bayview, Hunters Point: $596/foot (up nine percent year over year).
- 94134, Portola, Visitacion Valley: $627/foot (up eight percent).
- 94112, Excelsior, Crocker Amazon, Ingleside: $714/foot (up nine percent).
- 94132, Parkmerced, Lakeshore: $785/foot (up 13 percent).
- 94116, southern half of the Sunset: $890/foot (up nine percent).
- 94122, northern half of Sunset: $870/foot (up eight percent).
- 94121, Outer Richmond: $899/foot (up one percent).
And that’s it, with the exception of the Presidio and Treasure Isand, which didn’t move enough homes to calculate a useful median.
Note that the 94102 ZIP code covers the Tenderloin and Hayes Valley, which drives its median well over $1,000/foot.
The 94108 ZIP covers Chinatown, a small neighborhood that’s almost entirely rental stock, leaving it with a pricey and counterintuitive average of nearly $1,200/foot itself.
- Most Expensive ZIPs SF [PropertyShark]
- June 2017 Sales [California Realtors]
- Home Prices Per Square Foot, 2013 [Pacific Union]
- Ten Least Affordable Cities, 2012 [FOX]