APRIL2019 San Francisco Metrofiles.zillowstatic.com/research/public/rental/ZRI.San... ·...

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APRIL2019 San Francisco Metro

National Rents

Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%

San Francisco Metro Rents

Current: $3,455Monthly Change: 0.1%Annual Change: 1.7%

Breakeven Horizon3 years

Major Cities - Rents

San FranciscoCurrent: $4,396Monthly Change: 0.1%Annual Change: 3.6%Breakeven Horizon: 5.8 years

OaklandCurrent: $3,075Monthly Change: -0.1%Annual Change: 3.9%Breakeven Horizon: 2.5 years

FremontCurrent: $3,267Monthly Change: 0.3%Annual Change: 2.7%Breakeven Horizon: 4 years

HaywardCurrent: $2,913Monthly Change: 0.1%Annual Change: 4%Breakeven Horizon: 2.1 years

ConcordCurrent: $2,751Monthly Change: 0.2%Annual Change: 4.2%Breakeven Horizon: 2.7 years

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZRI Year-over-Year-6.1% - -4.0% -3.9% - -1.7% -1.6% - -0.8% -0.7% - -0.1% 0.2% - 1.6% 1.7% - 2.7% 2.8% - 3.7% 3.8% - 4.9% 5.0% - 7.6%

Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Rodeo 7.6%

Antioch 6%

North Fair Oaks 5.8%

East Palo Alto 5.7%

Pittsburg 5.5%

Bottom:Belvedere -6.1%

Inverness -4%

Point Reyes Station -3.1%

Hillsborough -2.9%

Tiburon -2.8%

Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Marina 11.6%

Cow Hollow 11.5%

Silver Terrace 10.9%

Inner Richmond 9.5%

Visitacion Valley 9.5%

Bottom:St. Francis Wood -4.8%

Lorelei Manor -4.5%

Seacliff -3.6%

The Willows -2.9%

Cleveland Heights -2.3%

How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The

ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices

are above this number and half are below.

What is the Breakeven Horizon? The Breakeven Horizon in the number of years you

must live in a home before owning the same home becomes more financially advantageous

than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,

it is financially better for you to rent in ’City X’ unless you plan on living there for more

than 5.5 years.

APRIL2019

*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at

www.zillow.com/research/data or by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Alameda 3.5 3,389 2 3,800 2.2Antioch 2 2,385 6 2,300 1.4Berkeley 4.4 3,541 2.9 4,000 2.6Brentwood 2.8 2,613 2.2 2,700 1.2Castro Valley 2.8 3,165 1.1 3,000 1.9Concord 2.7 2,751 4.2 2,600 1.9Daly City 2.4 3,679 2.9 3,600 3Danville 4.4 4,353 0.4 4,200 1.9Dublin 4.9 3,215 1.1 3,390 1.9Fremont 4 3,267 2.7 3,350 2.3Hayward 2.1 2,913 4 2,400 2.2Livermore 2.8 3,147 2.6 3,100 2Martinez 2.4 2,796 2.9 2,750 1.9Menlo Park 4.5 5,215 -0.1 5,700 3.6Newark 2.1 3,152 4.4 3,300 2.2

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Novato 2.9 3,738 0.9 3,500 2.2Oakland 2.5 3,075 3.9 3,000 2.5Pittsburg 2,346 5.5 2,400 1.6Pleasanton 4.2 3,514 1.5 3,550 1.9Redwood City 3.9 4,237 4.8 4,280 2.9Richmond 2.2 2,587 4.2 2,700 2.1San Bruno 3.4 3,816 4.3 3.1San Francisco 5.8 4,396 3.6 4,510 3.5San Leandro 1.9 2,902 2.9 2,720 2.2San Mateo 3.3 4,044 3.6 3,950 3San Rafael 2.7 3,958 -1.9 3,820 2.4San Ramon 4.6 3,691 0.3 3,500 1.8South San Francisco 2.2 3,792 4.9 3,800 2.8Union City 2.5 3,174 2.4 2,850 2.1Walnut Creek 3.4 3,277 3.5 2,870 2.1

Largest Neighborhoods Covered by Zillow

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Ardenwood 4.8 3,249 1.8 2.2Bayview 3.1 3,914 8.7 3Bernal Heights 5.9 4,647 3.7 3.8Centerville 3 2,936 2.8 2.4Downtown 2.9 2,903 3.8 2.5Excelsior 2.9 3,914 5 3.2Harder 2 2,826 3 2.4Inner Richmond 7.3 5,229 9.5 3.1Mission 8.2 5,028 4.5 5,000 4Nob Hill 10.2 5,356 5.5 4.3

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North and East 2.1Outer Richmond 8 4,328 2.7 2.9Outer Sunset 4.2 4,091 2.5 3,800 3.2Pacific Heights 11.8 5,870 8.7 5,000 4.3Parkside 5.3 4,309 7.1 3Portola 3.7 4,006 6 3South of Market 6.6 4,099 3 4,800 4.4Washington Manor 2.2West End 3.1Western Addition 6.2 4,391 3 4.3