South San Francisco, CA Real Estate Market
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
South San Francisco, CA Housing Market Trends
With 63,484 people, 22,036 houses or apartments, and a median cost of homes of $1,265,169, South San Francisco house prices are not only among the most expensive in California, South San Francisco real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in South San Francisco, accounting for 59.74% of the city's housing units. Other types of housing that are prevalent in South San Francisco include large apartment complexes or high rise apartments ( 21.41%), row houses and other attached homes ( 10.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.08%).
The most prevalent building size and type in South San Francisco are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.72% owning and 39.28% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South San Francisco's housing was primarily built during this period, from the '40s through the '60s. A full 52.88% of the city's housing hails from this era. Other housing ages represented in South San Francisco include homes built between 1970-1999 ( 27.85%) and housing constructed between 2000 and later ( 12.08%). There's also some housing in South San Francisco built before 1939 ( 7.18%).
South San Francisco Home Appreciation Rates
Real estate appreciation rates in South San Francisco's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.92% during the period.
Over the last year, South San Francisco appreciation rates have trailed the rest of the nation. In the last twelve months, South San Francisco's appreciation rate has been 4.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South San Francisco were at 2.58%, which equates to an annual appreciation rate of 10.71%.
Relative to California, our data show that South San Francisco's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South San Francisco differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South San Francisco - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best South San Francisco real estate investment or home purchase decisions.
Median Home Value
$1,265,169
Very High
for California
Very High
for nation
Number of Homes And Apartments:
22,036
CA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$4,315 / per month