The median home price in San Francisco reached $1.375 million in the second quarter, good for six times the U.S. national median of $240,700, according to California Association of Realtors (CAR) data as reported by Paragon Real Estate Group.
- San Francisco residents needed a minimum qualifying annual income of $269,600 to afford to buy a home in the second quarter, according to a Paragon report.
- Just 13 percent of Bay Area households could afford to buy the median-priced house, not including condos.
- At $100,200 per year, Marin County held the highest median household income, but only 18 percent of households could afford to buy.
- Bay Area renters have a household median income approximately half that of homeowner incomes.
Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018