Note: Our market forecast includes both San Francisco data and data from its surroundings, including Oakland and Hayward.
Also known as “The Golden Gate City,” San Francisco is considered by many to be the cultural and industrial hub of Northern California. Although the city covers only 46.9 square miles, it’s home to nearly 882,000 residents, making it the 16th largest metropolitan statistical area in the United States.
However, in addition to the city’s picturesque location and unique culture, San Francisco County is also known for having one of the highest per-capita incomes in the United States, which makes it a very lucrative area for investors.
The state of the market
Like most other major cities, the real estate market in San Francisco has been greatly impacted by the coronavirus pandemic. With that in mind, we’ve created an overview of the major trends that you should be aware of if investing in the Bay Area.