San Francisco’s highest-in-the-nation market rents have become proverbial in recent years, something that locals and outside observers alike take for granted. But that’s not the entire story.
This week, the rental site Rent Cafe published a list of the 50 most expensive US ZIP codes for renters, breaking down market asking rents. The rankings are based on “actual rent charged in apartment buildings with 50 or more rental units,” as furnished by the data service Yardi Matrix.
The neighborhood-to-neighborhood ZIP code approach to median rents means that San Francisco is no longer in the top slot; in fact, SF’s highest ranking on the list is sixth place. By and large, Manhattan remains the single most expensive rental region, and once divorced from the rest of New York City it floats to the top.
Even so, San Francisco and Silicon Valley provide more than their fair share of rental squeezes. Here’s how the Bay Area stacked up compared to rest of the country.
Map points are listed geographically, beginning in Berkeley, then down to Cupertino.Read More