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San Francisco Bay Area Metro Report: August 2018

The Zumper SF Bay Area Metro Report analyzed active listings in July across 30 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The California one bedroom median rent last month was $1,757.

Cities Ranked By Rent

The Most Expensive

–San Francisco, CA continued to rank as the most expensive city with one bedrooms priced at $3,500.

–Mountain View, CA remained second with rent at $3,400.

–Redwood City, CA saw rent climb $80 to $3,240 but stayed as the third priciest city.

The Least Expensive

–Vallejo, CA was the most affordable city with one bedrooms staying flat at $1,350.

–Santa Rosa, CA ranked as second with rent at $1,640.

–Concord & Napa, CA were tied for third least expensive with prices both at $1,710.

Growth Rate

The Fastest Growing (Y/Y%)

–Milpitas, CA had the largest year over year rental growth rate, up 15.6%.

–Sunnyvale, CA rent was the second fastest growing, climbing 12.9%.

–Union City, CA rent increased 12% since this time last year, making it third.

The Fastest Growing (M/M%)

–Santa Rosa, CA had the fastest growing rent last month, up 5.1%.

–Palo Alto, CA followed closely behind as second with rent climbing 5%.

–San Mateo, CA was third with a 4.9% monthly rental growth rate.

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1San Francisco$3,5000.00%2.30%$4,7301.10%5.10%
2Mountain View$3,4000.00%5.90%$4,3200.00%13.40%
3Redwood City$3,2402.50%4.90%$3,840-5.00%2.40%
4Sunnyvale$3,0600.00%12.90%$3,700-3.90%15.60%
5Palo Alto$2,9605.00%3.50%$3,8804.90%-8.50%
6Emeryville$2,890-3.70%5.50%$3,670-4.20%2.20%
7Santa Clara$2,800-5.10%11.60%$3,330-5.10%12.10%
8San Mateo$2,7904.90%9.80%$3,660-0.80%5.50%
9Milpitas$2,7400.00%15.60%$3,2604.50%15.60%
10San Jose$2,5502.80%7.10%$3,0100.00%6.70%
11South San Francisco$2,520-4.90%10.00%$3,320-4.60%-2.40%
12Daly City$2,440-5.10%7.00%$3,210-1.20%10.70%
13Union City$2,430-5.10%12.00%$2,7405.00%10.00%
14Berkeley$2,400-4.00%-3.60%$3,300-4.90%0.00%
15Burlingame$2,360-1.70%-2.50%$3,6200.80%15.30%
16Fremont$2,290-0.40%4.10%$2,6601.50%4.70%
17Pleasanton$2,2602.70%0.40%$2,7503.00%5.80%
18Walnut Creek$2,200-5.20%1.40%$2,580-0.40%-4.40%
19San Ramon$2,1200.00%1.00%$2,6300.40%4.40%
20Alameda$2,100-3.70%7.70%$2,7001.50%-1.10%
20Oakland$2,1000.00%-1.40%$2,5000.80%-1.20%
22Petaluma$1,9604.80%-6.70%$2,5601.60%8.50%
23Hayward$1,920-2.00%3.20%$2,4000.00%6.70%
24San Leandro$1,870-1.60%-4.60%$2,3500.40%5.40%
25Livermore$1,8000.60%11.80%$2,3804.80%5.30%
25Richmond$1,8000.60%0.00%$2,2704.60%6.10%
27Concord$1,7100.60%6.90%$2,0501.50%10.80%
27Napa$1,710-2.80%6.90%$2,1005.00%-2.80%
29Santa Rosa$1,6405.10%5.80%$2,100-2.80%8.20%
30Vallejo$1,3500.00%3.80%$1,6502.50%1.90%

About

The Zumper SF Bay Area Metro Report analyzed active listings that hit the market last month . Listings are aggregated by city to calculate median asking rents.

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The post San Francisco Bay Area Metro Report: August 2018 appeared first on The Zumper Blog.



This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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San Francisco Bay Area Metro Report: August 2018

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