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Breakdown of SF’s Rental Market by Neighborhood

Overall, San Francisco rents have dropped 11.8% from 2019. SoMa down 19%, but Bayview up 16%
By - posted 7/10/2020 No Comment

Thanks to SFGATE for letting us know how the plunge in the San Francisco rental market breaks down by neighborhood.

Zumper National Rent Report for July 2020 shows that one-bedroom rents are down 11.8% across the city, (June 2019 to June 2020) beating the previous month’s record of largest decline ever in San Francisco. However, the historic rental drop SF in recent months has not affected all parts of the city equally.

View Full Report from Zumper.

It shows that while some areas of the city have seen rents plummet by more than 20%, others have seen an increase of up to 16%.

The largest rent decreases were found in neighborhoods within walking distance to San Francisco start-up hubs. SoMa saw a decrease year-over-year of 19%, and the Lower Pac Heights neighborhood saw a whopping 21% dip. Downtown and Financial District rents dropped by 15% and 14% respectively.

Rental rates in the farther, less expensive reaches of the city have seen an increase year-over-year, with Outer Richmond prices climbing 11% and rents in the Bayview up 16%. Noe Valley’s prices dropped just 1%, and NoPa and the Castro were both down just 2%.