San Francisco and San Mateo counties rank as the two most unaffordable regions of California. According to the California Association of Realtors (CAR), only 10 percent of San Francisco County residents can afford the area’s median priced, existing home, which currently stands at nearly $1.25 million. In San Mateo, 13 percent of households can afford a median priced home, which is also $1.25 million.
- In only one Bay Area county is affordability above 25 percent.
- Affordability issues are pushing some people outside of San Francisco and Alameda counties into outer counties like Solano.
- Nearly every county in the Bay Area has a median home price that exceeds $600,000.
Big plans for business in 2018?
Give yourself the tools to own the new year at Connect SF, July 17-20, 2018