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San Francisco Bay Area Metro Report: August 2017

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.

Cities Ranked By Rent

The Most Expensive

–San Francisco, CA rent fell $30 since last month to $3,420 but it continued to rank as the most expensive in the metro area.

–Mountain View, CA had some of the Fastest Growing Rent since last month, up 4.9% to $3,210, and ranked as the second priciest city.

–Redwood City, CA was third with rent at $3,090.

The Least Expensive

–Vallejo, CA rent grew $30 since last month to $1,300 but continued to rank as the least expensive in the metro.

–Santa Rosa, CA fell behind Napa this month to become the second least expensive city with rent at $1,550.

–Napa, CA was third with rent growing $60 to $1,600 this month.

Growth Rate

The Fastest Growing (Y/Y%)

–San Leandro, CA rent had the largest yearly growth rate, climbing a whopping 15.3%.

–Petaluma, CA rent was the second fastest growing, up 14.1% since this time last year,

–San Jose, CA was third with rent up 7.2%.

The Fastest Growing (M/M%)

–Palo Alto & Pleasanton, CA tied for the city with the fastest growing rent since last month, both with prices up 5.1%.

–Mountain View, CA had the second fastest growing rent, climbing 4.9% since last month.

–San Leandro, CA was third with a monthly growth rate of 4.8%.

Full Data

  One Bedroom  Two Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1San Francisco$3,420-0.90%-1.20%$4,5000.00%-6.10%
2Mountain View$3,2104.90%0.60%$3,8101.60%6.40%
3Redwood City$3,0904.00%-7.50%$3,7502.70%-7.60%
4Palo Alto$2,8605.10%-4.30%$4,240-3.60%2.70%
5Emeryville$2,7401.90%-2.80%$3,590-3.00%-5.00%
6Sunnyvale$2,7101.10%0.40%$3,200-3.90%-6.40%
7San Mateo$2,540-2.70%-0.40%$3,4700.30%-0.60%
8Santa Clara$2,510-1.60%0.80%$2,970-2.30%-7.50%
9Berkeley$2,490-0.40%-9.80%$3,300-4.90%-6.50%
10Burlingame$2,4203.00%-13.60%$3,1401.30%-6.50%
11San Jose$2,380-0.40%7.20%$2,820-0.40%-2.10%
12Milpitas$2,370-2.10%3.50%$2,8202.90%-0.70%
13South San Francisco$2,290-5.00%-14.20%$3,4000.00%1.20%
14Daly City$2,2800.40%6.00%$2,900-2.40%-4.90%
15Pleasanton$2,2505.10%4.70%$2,6002.00%-1.50%
16Fremont$2,2000.00%0.00%$2,540-0.80%-2.30%
17Union City$2,170-1.80%0.50%$2,490-0.80%-8.50%
17Walnut Creek$2,170-4.00%0.00%$2,700-0.40%1.90%
18Oakland$2,1301.40%-3.60%$2,5301.20%-7.30%
19Petaluma$2,1001.90%14.10%$2,360-4.80%0.40%
19San Ramon$2,1001.00%0.00%$2,520-2.70%5.00%
20San Leandro$1,9604.80%15.30%$2,230-3.50%10.40%
21Alameda$1,9502.60%-10.60%$2,7305.00%-15.70%
22Hayward$1,860-0.50%-2.60%$2,2500.00%-1.30%
23Richmond$1,800-0.60%-9.50%$2,1400.00%-4.50%
24Livermore$1,610-4.70%-11.50%$2,260-0.40%5.10%
25Concord$1,6000.00%2.60%$1,8500.00%-2.60%
25Napa$1,6003.90%5.30%$2,160-4.80%8.00%
26Santa Rosa$1,5500.00%6.90%$1,940-2.50%-0.50%
27Vallejo$1,3002.40%5.70%$1,6201.30%14.90%

About

The Zumper SF Bay Area Metro Report analyzed active listings that hit the market in July 2017. Listings are aggregated by city to calculate median asking rents.

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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 2017

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