Whether you’re using median or average home price data, the salary required to purchase a San Francisco residence is between $153,000 and nearly $181,000. This salary range assumes you’re able to put down 20 percent deposit. Drop this deposit to 10 percent and you can bump the salary requirements up by $32,000.
- A 20 percent deposit on an average-priced SF home is nearly $225,000.
- Despite high home prices, buying is still perceive as a cheaper option than renting in San Francisco.
- Rents are predicted to outpace home price appreciation this year.
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Inman Connect New York | January 29 - February 1, 2019