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SF’s Record-Breaking Rent Drop. Prices Down 11.8% from 2019

Median one-bedroom rental price down to “only” $3,260 – still the most expensive city in the country
By - posted 7/5/2020 No Comment

Thanks to ABC7 for letting us know that San Francisco rents are continuing to drop by a record pace as companies embrace remote work.

According to Zumper, Rents for one-bedroom apartments in San Francisco have dropped by 11.8% since June 2019. That’s the largest year-over-year decline, beating last month’s record.

Read the full July report from Zumper.

Though the price drop is a good news for renters who do want to stay in SF, the city still has the most expensive one-bedroom rents in the country, with a median one-bedroom rent costing $3,260, (down from $3,360 last month) according to Zumper.

San Jose ($2,300) and Oakland ($2,300) don’t fare much better in the July rental survey with median one-bedroom rents tied for 4th and 5th in the nation.

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