Recent analysis from Zillow found most workers at Google, Facebook and Apple headquarters live in homes valued at more than $1.1 million, and these homes have appreciated in value faster than other properties in the same market. Higher-than-average home price appreciation coupled with increasing wages in the tech industry could mean some of these owners may consider a sale. For agents, most of these homes would rank as luxury listings, valued at more than $1 million each.
- The home value of a Silicon Valley tech employee is five times more than the average U.S. home
- Tech employees who have seen significant home price appreciation could consider a sale moving forward
- The wealth gap between tech employees and other workers could put stress on the SIlicon Valley housing market
Get Smarter. Grow Your Referral Network.
Limited seating available for Inman Connect San Francisco