San Francisco affordability reaches just 13 percent of households

Houses cost six times the national median, according to a Paragon report
  • 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.

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.