Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$1,120,379+3.1% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 15% have cut their price
Income needed to buy, per year$242,875About 1.8× the local median income ($135,194): hard to afford
Days on market38 daysFaster than a year ago: sellers have the edge
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in San Francisco-Oakland-Fremont, CA is worth $1,120,379, up 3.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $1,128,564, so the area is 0.7% undervalued. It is a seller's market: homes take about 38 days to sell, listings are down 8% from a year ago, 15% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $242,875 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $135,194. Typical rent is $3,445 a month, or $4,222 for a house. In the latest IRS figures, 39,483 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$1,120,379
Change in 1 year
+3.1%
Overvalued %
−0.7%
Show 7 more
Fair home value
$1,128,564
Change in 5 years
+2.7%
Zillow forecast, next 12 months
+1.9%
Home value to income
8.3×
Monthly mortgage payment (20% down)
$6,072
Income needed to afford it
$242,875
Property tax rate
0.75%
Rent and investing
Typical rent
$3,445
Typical rent for houses
$4,222
Price-to-rent ratio
27.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$3,156
Gross rental yield
3.69%
Cap rate (estimate)
2.40%
Market activity
Listings vs a year ago
−7.8%
Days on market
38
Listings with a price cut
15.0%
Show 3 more
Homes for sale
5,777
Pending sales per 100 listings
41
Asking price per sq ft
$630
People and jobs
Median household income
$135,194
Population change (1 year)
+0.1%
Unemployment rate
5.7%
Show 4 more
Population
4,630,041
Income adjusted for cost of living
$116,950
Net moves in (IRS)
−39,483
Cost of living (US = 100)
115.6
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
99.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
99.1
Wildfire risk score
84.3
Walkability (1 to 20)
12.9
Road, rail and air noise
54 dB
Questions people ask
Is San Francisco-Oakland-Fremont, CA overvalued?
Home prices in San Francisco-Oakland-Fremont, CA are slightly below what local incomes have historically supported: fair value is about $1,128,564, so the area is 0.7% undervalued.
Is San Francisco-Oakland-Fremont, CA a buyer's or seller's market?
San Francisco-Oakland-Fremont, CA is a seller's market: homes take about 38 days to sell, listings are down 8% from a year ago, 15% of listings have had a price cut.
Are home prices going down in San Francisco-Oakland-Fremont, CA?
Home values in San Francisco-Oakland-Fremont, CA are up 3.1% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in San Francisco-Oakland-Fremont, CA?
A household needs about $242,875 a year to afford the typical home in San Francisco-Oakland-Fremont, CA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $135,194.