The purpose of the Economy scorecard is to provide the public, elected officials, and City staff with a current snapshot of San Francisco’s economy. This scorecard presents timely information on economy-wide employment indicators, real estate and tourism.

The Residential Real Estate summary provides a view of two primary residential real estate indicators: home values and residential asking rent. The first chart shows the Zillow median home price index and annual percent change for this indicator. The change should be interpreted as the change in the total value of housing in San Francisco, not the change in the median house's value. Please note that home values methodology changed in 2019 and the values may be significantly different than in previous updates. All home value data displayed now uses an index that incorporates new housing and upgrades to existing units. Higher-value units are now more heavily weighted in the index. These changes are meant to make the index more reflective of the market. For more information on this methodology please click here.

The second chart shows the Zillow median rental price index. Data for both charts use the most inclusive market segments available: the home price index includes single family residences and condominiums regardless of bedroom count, and the rental price index also includes multi-family residences.

 

HOME VALUES, RENTAL VALUES, AND BUILDING PERMITS

Source

• Zillow Home Value Index: Zillow Real Estate (All Homes - SFR, Condo/Co-op; San Francisco County)
• Zillow Rent Index (Quarterly Average): Zillow Real Estate (All Homes - Multifamily, SFR, Condo/Co-op; San Francisco County)
• Number of Units in Buildings with New Permits: United States Department of Housing and Urban Development

Data

Please email performance.con@sfgov.org with any questions or requests relating to this data.