Where Renting is Most Expensive in San Francisco
Thanks to our friends at Trulia, here’s a breakdown of the San Francisco’s neighborhoods where rents are highest:
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San Francisco Neighborhoods with the Most Expensive 1-Bedroom Rentals |
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# |
Neighborhood |
% of 1-Bedrooms Renting for $3,000+ |
Median Rent |
|
1 |
82.80% |
$3,500 |
|
|
2 |
78.8% |
$3,500 |
|
|
3 |
73.8 % |
$3,600 |
|
|
4 |
71.9% |
$3,500 |
|
|
5 |
71.7% |
$3,600 |
|
|
6 |
70.0% |
$3,325 |
|
|
7 |
69.0% |
$3,500 |
|
|
8 |
68.8% |
$3,350 |
|
|
9 |
68.7% |
$3,500 |
|
|
10 |
68.3% |
$3,348 |
|
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@luxsfre.com