The market in numbers

$1.22M
Typical home value across the metro's 166 ZIP codes, August 2026
+1.7%
Change in the typical home value over the past 12 months
117 of 166
ZIP codes where home values are higher than a year ago
+0.6%
Typical yearly price growth over the past five years
$3,400
Typical monthly rent, in the 134 ZIP codes with rent data
3.5%
Typical gross rental yield: a year's rent over the home value
8.3×
Typical home value as a multiple of local median household income
+1.0%
Forecast for home values over the next 12 months, typical ZIP code

Home values over the last two years

The typical home in the San Francisco metro was worth $1,241,100 in September 2024 and $1,218,600 in August 2026, a change of −1.8% over two years. The high point of the period came in September 2024, at $1,241,100, and values are 1.8% below it today.

Typical home value, last 24 monthsTypical home value in the San Francisco-Oakland-Berkeley metro by month, from September 2024 ($1,241,100) to August 2026 ($1,218,600).$1.20M$1.21M$1.23M$1.24MSep 2024Sep 2025Aug 2026
Typical home value across the metro's ZIP codes, monthly. Source: CITIZEN.

Where prices are rising fastest

The ten San Francisco ZIP codes with the strongest change in home values over the past twelve months.

ZIP codeAreaHome value12 months5 yrs, per year
94114San Francisco$2,015,400+19.5%+1.1%
94123San Francisco$2,505,200+18.9%+1.8%
94118San Francisco$2,261,600+18.8%+0.6%
94131San Francisco$1,761,600+18.6%+1.1%
94121San Francisco$1,833,000+17.6%+0.8%
94115San Francisco$1,545,300+17.1%+0.9%
94127San Francisco$2,007,800+16.7%+1.3%
94117San Francisco$1,685,300+16.7%+0.6%
94027Atherton$8,619,600+15.6%+4.3%
94133San Francisco$1,409,500+15.5%+0.2%

Where prices are falling

49 of the metro's ZIP codes are below where they were a year ago. These are the ten largest declines.

ZIP codeAreaHome value12 monthsFrom its peak
94612Oakland$527,600−8.2%−36.2%
94568Dublin$1,231,600−6.0%−14.3%
94607Oakland$515,300−4.8%−29.7%
94621Oakland$453,300−4.8%−23.9%
94588Pleasanton$1,361,100−4.3%−13.6%
94551Livermore$967,300−4.1%−9.5%
94544Hayward$807,100−4.0%−13.2%
94545Hayward$878,700−4.0%−14.1%
94582San Ramon$1,669,400−3.7%−12.9%
94583San Ramon$1,336,700−3.4%−13.6%

Best rental yields

Gross yield is a year's rent divided by the home value, before costs. These are the 10 highest yields among the 134 San Francisco ZIP codes with a rent index.

ZIP codeAreaHome valueMonthly rentGross yieldRent, 12 months
94621Oakland$453,300$2,7007.1%+4.0%
94612Oakland$527,600$3,1007.0%+15.7%
94103San Francisco$823,100$4,4006.5%+28.8%
94595Walnut Creek$676,600$3,6006.5%n/a
94607Oakland$515,300$2,7006.4%+12.4%
94105San Francisco$1,127,000$6,0006.3%+27.5%
94531Antioch$660,600$3,5006.3%+5.2%
94102San Francisco$740,500$3,8006.1%+23.4%
94603Oakland$504,500$2,6006.1%+3.0%
94561Oakley$656,600$3,3006.0%+4.4%

Most affordable against local incomes

Home value divided by the median household income of the people who live in the ZIP code. A lower multiple means homes cost fewer years of local earnings. The metro typical is 8.3×.

ZIP codeAreaHome valueMedian incomePrice to income
94561Oakley$656,600$134,7004.9×
94608Emeryville$601,500$120,2005.0×
94105San Francisco$1,127,000$225,0005.0×
94505Discovery Bay$778,000$146,5005.3×
94607Oakland$515,300$94,9005.4×
94531Antioch$660,600$120,9005.5×
94513Brentwood$785,000$142,2005.5×
94564Pinole$714,300$127,7005.6×
94547Hercules$736,500$129,4005.7×
94107San Francisco$1,042,400$182,9005.7×

Who is moving in

Household moves between the 2022 and 2023 tax years. Migration is measured by county, so the figures cover each county in the metro rather than single ZIP codes. None of the metro's 6 counties gained households. The last column is how much more, or less, the average arriving household earned than the average household that left.

CountyNet householdsNet income movedArrivals vs leavers, per household
San Francisco County−604−$3,849.4M−$56,291
Marin County−1,892+$492.8M+$67,376
San Mateo County−5,334−$1,782.6M−$18,677
Contra Costa County−7,712−$903.9M+$2,143
Alameda County−15,318−$2,625.1M−$7,715
San Mateo County−17,326−$5,614.5M−$30,372

What CITIZEN sees

CITIZEN grades every US ZIP code on one national scale, reading price and its direction, rent, local earnings, resident equity and where buyers and their money are arriving from. Grades are ranks: an A is the top 10% of the country, an F the bottom 10%. In the San Francisco metro, 48 of 166 ZIP codes grade A and 13 grade F. Which ones, and why, is in CITIZEN.

All 166 ZIP codes

Every ZIP code in the metro with a home value, in numerical order.

Show all 166 ZIP codes
ZIP codeAreaHome value12 months5 yrs, per yearMonthly rentGross yield
94002Belmont$2,257,800+4.9%+3.2%$3,7001.9%
94005Brisbane$1,143,400+2.4%−0.2%n/an/a
94010Hillsborough$3,482,300+11.3%+3.0%$3,9001.4%
94014Daly City$999,800+0.9%−1.1%$3,4004.1%
94015Daly City$1,164,000+3.6%0.0%$2,9003.0%
94018Half Moon Bay$1,480,000+0.6%+2.1%n/an/a
94019Half Moon Bay$1,569,400+2.4%+2.7%$4,6003.5%
94020La Honda$1,017,200+3.5%+1.1%n/an/a
94025Menlo Park$2,902,100+9.2%+3.4%$4,3001.8%
94027Atherton$8,619,600+15.6%+4.3%n/an/a
94028Portola Valley$4,267,300+11.4%+4.3%n/an/a
94030Millbrae$2,048,300+7.0%+3.2%$3,8002.2%
94037Moss Beach$1,482,200+3.6%+3.0%n/an/a
94038Moss Beach$1,449,600+2.5%+2.5%n/an/a
94044Pacifica$1,255,400+1.5%+0.2%$3,5003.4%
94060Pescadero$1,194,100+1.1%−4.1%n/an/a
94061Redwood City$1,969,400+5.8%+3.0%$3,6002.2%
94062Woodside$2,699,300+6.7%+2.0%$4,3001.9%
94063Redwood City$1,288,300+3.2%+1.1%$4,5004.2%
94065Redwood City$1,778,300+0.9%+1.3%$3,8002.6%
94066San Bruno$1,290,300+3.2%+2.0%$3,4003.1%
94070San Carlos$2,431,400+7.4%+3.6%$4,5002.2%
94080South San Francisco$1,220,500+2.9%+1.1%$4,0004.0%
94102San Francisco$740,500+8.7%−2.3%$3,8006.1%
94103San Francisco$823,100+7.8%−2.9%$4,4006.5%
94104San Francisco$1,148,300+2.8%−2.2%n/an/a
94105San Francisco$1,127,000+9.5%−1.0%$6,0006.3%
94107San Francisco$1,042,400+10.4%−1.4%$5,0005.8%
94108San Francisco$1,059,600+14.6%−0.9%$3,6004.1%
94109San Francisco$1,068,700+10.4%−1.4%$4,0004.5%
94110San Francisco$1,428,600+14.9%−0.4%$4,6003.9%
94111San Francisco$1,121,700+8.4%−0.4%n/an/a
94112San Francisco$1,171,500+10.1%−1.3%$3,7003.8%
94114San Francisco$2,015,400+19.5%+1.1%$5,9003.5%
94115San Francisco$1,545,300+17.1%+0.9%$4,6003.6%
94116San Francisco$1,620,000+15.0%+1.3%$4,5003.4%
94117San Francisco$1,685,300+16.7%+0.6%$5,1003.6%
94118San Francisco$2,261,600+18.8%+0.6%$4,4002.4%
94121San Francisco$1,833,000+17.6%+0.8%$4,2002.7%
94122San Francisco$1,717,900+14.1%+1.1%$4,0002.8%
94123San Francisco$2,505,200+18.9%+1.8%$5,2002.5%
94124San Francisco$947,500+7.2%−1.6%$4,1005.1%
94127San Francisco$2,007,800+16.7%+1.3%$6,2003.7%
94129San Francisco$1,839,400+14.7%−4.2%$5,8003.8%
94131San Francisco$1,761,600+18.6%+1.1%$4,8003.3%
94132San Francisco$1,380,400+11.4%−0.2%$3,3002.8%
94133San Francisco$1,409,500+15.5%+0.2%$4,6003.9%
94134San Francisco$1,085,800+6.6%−1.1%$4,2004.7%
94158San Francisco$1,357,900+12.8%+1.2%$5,6005.0%
94303East Palo Alto$2,058,300+3.0%+1.9%$5,2003.0%
94401San Mateo$1,204,500+4.0%+1.0%$3,6003.6%
94402San Mateo$2,462,300+7.9%+3.7%$4,1002.0%
94403San Mateo$1,812,000+5.8%+2.5%$3,8002.5%
94404Foster City$1,693,800+0.7%+1.5%$4,4003.1%
94501Alameda$1,136,300+2.2%−0.5%$2,9003.1%
94502Alameda$1,140,400−0.9%+0.5%n/an/a
94505Discovery Bay$778,000−1.4%−0.5%$3,5005.4%
94506Danville$1,994,700−2.0%+1.9%$4,5002.7%
94507Alamo$2,512,800+4.6%+2.5%$7,2003.4%
94509Antioch$537,300−1.9%−0.7%$2,3005.0%
94511Bethel Island$630,800−1.1%−0.1%n/an/a
94513Brentwood$785,000−1.3%+0.1%$3,4005.2%
94514Byron$842,400+4.9%−0.1%n/an/a
94517Clayton$1,033,600+1.0%+0.6%n/an/a
94518Concord$832,800−1.1%+0.3%$2,7003.9%
94519Concord$705,300−0.5%−0.8%$3,3005.6%
94520Concord$596,900−0.3%−0.3%$2,4004.8%
94521Concord$777,000+0.2%−0.3%$3,0004.6%
94523Pleasant Hill$970,000+0.8%+1.0%$3,0003.7%
94525Crockett$660,200−2.4%−2.2%$2,2003.9%
94526Danville$1,711,800+0.7%+1.5%$3,8002.6%
94528Diablo$3,095,800+3.0%+0.7%n/an/a
94530El Cerrito$1,134,100+2.7%−0.9%$2,7002.9%
94531Antioch$660,600−1.0%−0.2%$3,5006.3%
94536Fremont$1,376,400−1.5%+3.2%$3,4002.9%
94538Fremont$1,268,600−2.2%+2.8%$3,2003.1%
94539Fremont$2,164,800+1.2%+4.5%$4,2002.3%
94541Hayward$765,900−2.1%−0.8%$2,7004.2%
94542Hayward$1,216,700−0.2%+1.4%$2,4002.4%
94544Hayward$807,100−4.0%−0.6%$2,7004.0%
94545Hayward$878,700−4.0%−0.3%$2,8003.8%
94546Castro Valley$1,006,800+1.0%+0.9%$2,8003.3%
94547Hercules$736,500−1.6%−0.2%$3,2005.2%
94549Lafayette$1,890,400+2.9%+0.9%$3,3002.1%
94550Livermore$1,199,700−1.9%+1.3%$3,0003.0%
94551Livermore$967,300−4.1%+0.9%$3,1003.9%
94552Castro Valley$1,370,900+0.4%+1.7%$4,0003.5%
94553Martinez$753,500−1.7%−0.5%$2,5003.9%
94555Fremont$1,427,400−2.2%+2.9%$3,8003.2%
94556Moraga$1,604,000+2.8%+1.7%$3,0002.2%
94560Newark$1,186,900−2.8%+1.5%$3,7003.7%
94561Oakley$656,600−1.1%−0.7%$3,3006.0%
94563Orinda$1,930,400+2.0%+1.1%$5,8003.6%
94564Pinole$714,300−1.0%−1.1%n/an/a
94565Pittsburg$559,000−1.2%−0.7%$2,5005.3%
94566Pleasanton$1,655,800−3.2%+1.4%$3,5002.5%
94568Dublin$1,231,600−6.0%+0.6%$3,3003.2%
94569Port Costa$661,700+1.3%−1.8%n/an/a
94572Rodeo$646,300−1.8%−1.5%n/an/a
94577San Leandro$789,400−1.3%−1.2%$2,5003.9%
94578San Leandro$768,900−1.0%−0.6%$2,4003.8%
94579San Leandro$842,500−1.1%−0.7%$3,6005.1%
94580San Lorenzo$801,000−2.0%−0.1%$2,6004.0%
94582San Ramon$1,669,400−3.7%+2.3%$3,7002.6%
94583San Ramon$1,336,700−3.4%+1.4%$2,9002.6%
94586Sunol$1,446,100+2.3%−1.7%n/an/a
94587Union City$1,198,700−2.8%+1.6%$2,9003.0%
94588Pleasanton$1,361,100−4.3%+1.3%$3,1002.8%
94595Walnut Creek$676,600+0.1%+0.4%$3,6006.5%
94596Walnut Creek$1,068,700+1.9%+1.2%$3,0003.3%
94597Walnut Creek$969,600+1.0%+1.4%$2,8003.4%
94598Walnut Creek$1,369,200+1.7%+2.0%$3,2002.8%
94601Oakland$554,900−2.9%−4.3%$2,3005.0%
94602Oakland$1,005,800+6.5%−2.6%$2,7003.2%
94603Oakland$504,500−2.9%−3.6%$2,6006.1%
94605Oakland$659,200−1.3%−4.1%$2,5004.6%
94606Oakland$593,900−0.5%−5.1%$2,5005.0%
94607Oakland$515,300−4.8%−6.3%$2,7006.4%
94608Emeryville$601,500−1.6%−4.3%$3,0006.0%
94609Oakland$955,500+4.9%−3.9%$2,8003.5%
94610Oakland$1,203,800+6.0%−2.9%$2,3002.3%
94611Piedmont$1,405,000+4.4%−1.9%$3,0002.5%
94612Oakland$527,600−8.2%−7.4%$3,1007.0%
94618Oakland$1,634,600+7.8%−1.5%$2,9002.1%
94619Oakland$829,600+0.8%−3.3%$2,8004.0%
94621Oakland$453,300−4.8%−4.4%$2,7007.1%
94702Berkeley$1,187,100+7.1%−1.3%$2,7002.7%
94703Berkeley$1,270,100+4.8%−1.1%$2,6002.4%
94704Berkeley$1,133,100+1.7%−1.4%$2,9003.0%
94705Oakland$1,975,000+6.0%+0.2%$2,8001.7%
94706Albany$1,250,200+6.0%+0.6%$2,7002.6%
94707Berkeley$1,770,800+9.8%+1.5%$3,4002.3%
94708Berkeley$1,607,600+4.7%+0.2%$3,5002.6%
94709Berkeley$1,334,200+8.5%+0.6%$2,6002.4%
94710Berkeley$1,003,100+3.4%−2.5%$3,4004.0%
94801Richmond$507,400−1.9%−1.5%$2,3005.5%
94803Richmond$725,700−1.4%−1.6%$2,9004.9%
94804Richmond$567,500−2.5%−2.4%$2,8006.0%
94805Richmond$697,500+1.4%−1.8%$2,8004.9%
94806San Pablo$573,800−1.3%−1.4%$2,3004.9%
94901San Rafael$1,376,700+0.7%+0.8%$2,8002.5%
94903San Rafael$1,236,200+3.6%+1.6%$3,4003.3%
94904Kentfield$2,252,700+6.2%+1.4%$4,4002.3%
94920Tiburon$3,333,700+9.1%+2.0%$6,5002.3%
94924Bolinas$1,886,800+9.1%−0.8%n/an/a
94925Corte Madera$1,847,400+9.5%+2.7%$5,1003.3%
94929Dillon Beach$1,347,700+0.7%+1.1%n/an/a
94930Fairfax$1,220,700+5.0%+0.6%$3,2003.1%
94933Lagunitas$861,700+6.7%−0.3%n/an/a
94937Point Reyes Station$1,468,400+3.6%+0.5%n/an/a
94938Bolinas$1,014,300+6.2%+0.9%n/an/a
94939Larkspur$2,159,600+8.4%+1.6%$4,0002.2%
94940Marshall$1,522,800+10.1%−0.5%n/an/a
94941Mill Valley$2,131,900+9.2%+2.0%$5,4003.0%
94945Novato$1,062,300+0.6%+1.3%$4,0004.5%
94946Nicasio$2,079,300+2.8%+0.2%n/an/a
94947Novato$1,010,600+2.3%+1.1%$4,0004.7%
94949Novato$1,200,400+1.3%+2.2%$4,3004.3%
94956Point Reyes Station$1,525,100+2.1%+1.3%n/an/a
94957Ross$4,290,600+9.4%+2.3%n/an/a
94960San Anselmo$1,673,400+5.9%+1.2%$4,1002.9%
94963San Geronimo$1,239,500+2.9%+0.6%n/an/a
94965Sausalito$1,534,800+2.9%−0.7%$4,0003.1%
94970Stinson Beach$3,499,300+11.6%+2.7%n/an/a
94971Tomales$1,104,600+9.3%−0.2%n/an/a
94973Woodacre$1,106,200+4.8%+0.9%n/an/a

Questions

Are home prices going up or down in San Francisco?

Up. Home values across the San Francisco-Oakland-Berkeley metro are up 1.7% over the past twelve months, to a typical $1.22M, and 117 of its 166 ZIP codes are higher than a year ago.

What is the typical home value in San Francisco?

$1,218,600 across the metro's 166 ZIP codes, as of August 2026. It ranges from $453,300 in ZIP 94621 to $8,619,600 in ZIP 94027.

What is the typical rent in San Francisco?

About $3,400 a month, across the 134 ZIP codes with rent data, up 6.3% over the past year.

Which San Francisco ZIP codes are rising fastest?

94114 (San Francisco, +19.5%), 94123 (San Francisco, +18.9%), 94118 (San Francisco, +18.8%), over the past twelve months.

What is the forecast for San Francisco home prices?

The forecast for the typical ZIP code in the metro is +1.0% over the next twelve months. Forecasts are estimates and change every month.

Other housing markets

Sources and method

  • Source: CITIZEN, Lualdi Advisors' US housing market intelligence. Home values, rents and forecasts through August 2026; household incomes 2020 to 2024; migration for tax years 2022 to 2023; new homes permitted in 2025.
  • Metro figures are medians across the ZIP codes in the metro, not a separate metro index. The two-year chart is the median ZIP value for each month. Grades and scores are CITIZEN's own.
  • Updated monthly. Last updated 2026-10-14.