San Francisco, CA
Housing, demographics, economy, and public safety data for San Francisco, California.
Updated Mar 1.
Housing
Zillow Home Value Index for middle-tier homes.
$1.3M
Trend YoY growth is +0.6%, slowing by 33 bps/year over the last 25Y. Latest: +4.0%, 3.5 pp above trend, a 0.62σ deviation. The latest YoY reading is depressed by 2.2 pp due to an tough comparison base from Mar '25. At current levels, YoY would rise to +4.7% by May '26 as comparisons ease.
Level
YoY %
y = 8.8% − 33 bps/yr · t
Deviation from trend
Zillow Observed Rent Index for all home types.
3.9kUSD/mo
Trend YoY growth is +4.0%, accelerating by 48 bps/year over the last 10Y. Deviations have remained above trend for 16 consecutive periods. Latest: +14.1%, 10.1 pp above trend, a 1.7σ deviation. The latest YoY reading is depressed by 1.5 pp due to an tough comparison base from Mar '25. At current levels, YoY would fall to +10.0% by May '26 as comparisons tighten.
Level
YoY %
y = −0.8% + 48 bps/yr · t
Deviation from trend
Demographics
Total population estimate, ACS 5-year survey.
836.3kpeople
Trend YoY growth is -1.1%, slowing by 26 bps/year over the last 12Y. Latest: -1.7%, 63 bps below trend, a 1.0σ deviation. The latest YoY reading is boosted by 88 bps due to an easy comparison base from 2022.
Level
YoY %
y = 2.0% − 26 bps/yr · t
Deviation from trend
Median income of all households in the past 12 months.
$141.4k
Trend YoY growth is +7.8%, accelerating by 40 bps/year over the last 12Y. Latest: +3.5%, 4.3 pp below trend, a 1.9σ deviation. The latest YoY reading is depressed by 90 bps due to an tough comparison base from 2022.
Level
YoY %
y = 3.1% + 40 bps/yr · t
Deviation from trend
Share of adults 25+ with a bachelor's degree or higher.
60.1%
Trend YoY growth is +0.6%, slowing by 2.3 pp/year over the last 10Y. Latest: +0.3%, 32 bps below trend, a 1.1σ deviation.
Level
YoY Change (bps)
y = 0.9% − 2 bps/yr · t
Deviation from trend
Median age of the total population.
39.70years
Trend YoY growth is +0.8%, accelerating by 9 bps/year over the last 12Y. Latest: +1.0%, 23 bps above trend, a 0.50σ deviation. The latest YoY reading is depressed by 84 bps due to an tough comparison base from 2022.
Level
YoY %
y = −0.2% + 9 bps/yr · t
Deviation from trend
Families with a single parent and children under 18, as a share of all families.
San Francisco (Census ACS B11003)
8.0%
Trend YoY growth is +0.1%, accelerating by 4.9 pp/year over the last 10Y. Latest: +0.1%, 2 bps above trend, a 0.08σ deviation.
Level
YoY Change (bps)
y = −0.4% + 5 bps/yr · t
Deviation from trend
Economy
Share of the labor force unemployed and seeking work.
San Francisco County (FRED LAUS)
3.9%
Trend YoY growth is -0.2%, slowing by 1.6 pp/year over the last 20Y. Deviations have remained above trend for 41 consecutive periods. Latest: -0.2%, 1 bps above trend, a 0.01σ deviation. At current levels, YoY would rise to +0.3% by May '26 as comparisons ease.
Level
YoY Change (bps)
y = 0.1% − 2 bps/yr · t
Deviation from trend
Median earnings for full-time, year-round workers 16+.
$82.9k
Trend YoY growth is +8.9%, accelerating by 60 bps/year over the last 12Y. Latest: +5.4%, 3.5 pp below trend, a 1.7σ deviation. The latest YoY reading is depressed by 3.6 pp due to an tough comparison base from 2022.
Level
YoY %
y = 1.7% + 60 bps/yr · t
Deviation from trend
Public Safety
No data
No data
Key Insight
San Francisco's rental market is staging a dramatic and historically anomalous recovery, with rents surging at +12.8% YoY — a 1.5σ deviation above trend and 9.2 pp above the long-run +3.6% growth rate — even as home prices remain essentially flat and the city continues to lose population.
San Francisco, CA
Housing, demographics, economy, and public safety data for San Francisco, California.
Updated Mar 1.
Housing
Zillow Home Value Index for middle-tier homes.
$1.3M
Trend YoY growth is +0.6%, slowing by 33 bps/year over the last 25Y. Latest: +4.0%, 3.5 pp above trend, a 0.62σ deviation. The latest YoY reading is depressed by 2.2 pp due to an tough comparison base from Mar '25. At current levels, YoY would rise to +4.7% by May '26 as comparisons ease.
Level
YoY %
y = 8.8% − 33 bps/yr · t
Deviation from trend
Zillow Observed Rent Index for all home types.
3.9kUSD/mo
Trend YoY growth is +4.0%, accelerating by 48 bps/year over the last 10Y. Deviations have remained above trend for 16 consecutive periods. Latest: +14.1%, 10.1 pp above trend, a 1.7σ deviation. The latest YoY reading is depressed by 1.5 pp due to an tough comparison base from Mar '25. At current levels, YoY would fall to +10.0% by May '26 as comparisons tighten.
Level
YoY %
y = −0.8% + 48 bps/yr · t
Deviation from trend
Demographics
Total population estimate, ACS 5-year survey.
836.3kpeople
Trend YoY growth is -1.1%, slowing by 26 bps/year over the last 12Y. Latest: -1.7%, 63 bps below trend, a 1.0σ deviation. The latest YoY reading is boosted by 88 bps due to an easy comparison base from 2022.
Level
YoY %
y = 2.0% − 26 bps/yr · t
Deviation from trend
Median income of all households in the past 12 months.
$141.4k
Trend YoY growth is +7.8%, accelerating by 40 bps/year over the last 12Y. Latest: +3.5%, 4.3 pp below trend, a 1.9σ deviation. The latest YoY reading is depressed by 90 bps due to an tough comparison base from 2022.
Level
YoY %
y = 3.1% + 40 bps/yr · t
Deviation from trend
Share of adults 25+ with a bachelor's degree or higher.
60.1%
Trend YoY growth is +0.6%, slowing by 2.3 pp/year over the last 10Y. Latest: +0.3%, 32 bps below trend, a 1.1σ deviation.
Level
YoY Change (bps)
y = 0.9% − 2 bps/yr · t
Deviation from trend
Median age of the total population.
39.70years
Trend YoY growth is +0.8%, accelerating by 9 bps/year over the last 12Y. Latest: +1.0%, 23 bps above trend, a 0.50σ deviation. The latest YoY reading is depressed by 84 bps due to an tough comparison base from 2022.
Level
YoY %
y = −0.2% + 9 bps/yr · t
Deviation from trend
Families with a single parent and children under 18, as a share of all families.
San Francisco (Census ACS B11003)
8.0%
Trend YoY growth is +0.1%, accelerating by 4.9 pp/year over the last 10Y. Latest: +0.1%, 2 bps above trend, a 0.08σ deviation.
Level
YoY Change (bps)
y = −0.4% + 5 bps/yr · t
Deviation from trend
Economy
Share of the labor force unemployed and seeking work.
San Francisco County (FRED LAUS)
3.9%
Trend YoY growth is -0.2%, slowing by 1.6 pp/year over the last 20Y. Deviations have remained above trend for 41 consecutive periods. Latest: -0.2%, 1 bps above trend, a 0.01σ deviation. At current levels, YoY would rise to +0.3% by May '26 as comparisons ease.
Level
YoY Change (bps)
y = 0.1% − 2 bps/yr · t
Deviation from trend
Median earnings for full-time, year-round workers 16+.
$82.9k
Trend YoY growth is +8.9%, accelerating by 60 bps/year over the last 12Y. Latest: +5.4%, 3.5 pp below trend, a 1.7σ deviation. The latest YoY reading is depressed by 3.6 pp due to an tough comparison base from 2022.
Level
YoY %
y = 1.7% + 60 bps/yr · t
Deviation from trend
Public Safety
No data
No data