21:01 14 October
San Francisco's most costly ZIP codes for homeowners
San Francisco's most costly ZIP codes fo San Francisco
San Francisco, United States Of America
Last week, the Rent Cafe renting platform published its annual lists of the most costly U.S. renters ' ZIP codes, an annual tabulation that is painful to witness but also surprised by important data.
San Francisco is on the chart four times out of 50 locations. Cited areas account for almost 15 percent of the 27 ZIP codes of the region. Yet almost all of the prices lease operation is concentrated on the east side of SF, where most of the development of new homes has taken root.
Outside the area, the list also includes other towns in the Bay Area such as Sunnyvale, Santa Monica, Redwood Area, Mountain View, Menlo Park, Cupertino, and Foster City. Here's how this year's most price points for SF stacked up: 94105: no wonder this is the top show for SF. This ZIP code includes South Beach's East Split, Rincon Hill and sections. Rate Cafe reports an average monthly market rent of $4,858 across all categories of apartments, up 4.1 percent year-over-year. Generally, this ZIP is nationally the sixth priciest— like last year.
94158: This ZIP is fairly closely synonymous with Mission Bay and drops into second place for SF and 11th overall for the whole state, with a median $4,614 market rent. That's 5.3 percent higher than when it ranked 13th nationwide in 2018. Here's how SF's most price points stacked up this year. 94105: no wonder this is SF's top show. This ZIP code covers East Split, Rincon Hill and parts of South Beach. Rate Cafe records a monthly average market rent of $4,858 in all apartment types, up 4.1 percent year-over-year. Generally speaking, this ZIP is the sixth priest nationwide— like last year.
94158: This ZIP is largely synonymous with Mission Bay and falls to second place for SF and 11th overall for the entire state, with an average market rent of $4,614. That's 5.3% lower than in 2018 when it placed 13th nationally.
94103: It covers nearly all SoMa, except Western SoMa, the only Rent Cafe SF area to arrive at less than four grand a month— in this case, $3,887. It's also the year's worst mover, plummeting ten positions down to 38th over 2018 nationwide. Adrian Rosenberg, the spokesman for the Rent Cafe, tells Curbed SF this is largely because price appreciation in other neighborhoods went wild last year, increasing here a relatively modest 0.7%.
Within SF, Redwood City's 94063 was the priciest Bay Area ZIP code, doubling its 25th-place success since last year, but spending $4,129. The 94025 area of Menlo Park saw the highest rent hikes in the Bay Area relative to last year, increasing by 10.8 percent to $4,102 and marking the 29th position. Just two other ZIPs at the national level saw a larger rise than the ZIP code of Menlo Park, which can be located in Manhattan.