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San Francisco County, CA

RANK #366 / 996  ·  POP 851,036  ·  CA

PROJECTED GROWTH: +1.3%

San Francisco County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why San Francisco County?

San Francisco County, a consolidated city-county, is renowned for its iconic Golden Gate Bridge, a landmark that defines its northern edge and offers views of the Pacific Ocean and San Francisco Bay. The city itself is a dense urban environment, characterized by its distinctive hills and diverse neighborhoods, each with its own character. Commuting within the city is often done via an extensive public transportation network, including Muni buses and metro, cable cars, and streetcars, with many residents opting for walking or biking. Outdoor recreation is easily accessible, with Golden Gate Park offering over 1,000 acres of green space, beaches like Ocean Beach and Baker Beach, and numerous urban trails such as Lands End Trail and those in Mount Sutro Open Space Reserve.

Life in San Francisco County offers a high quality of life, attracting many young professionals. The economy is driven by innovation, with the area being a global hub for technology and a significant center for artificial intelligence. While the cost of living, particularly housing, is high, the median income is also elevated. The San Francisco Unified School District serves the county's students, and there are also numerous private and religious schools. The city's economic landscape is seeing ongoing investment in commercial and residential development, with efforts to adapt to evolving work trends.

[02] Market Snapshot

Housing Ratio
4.9x

Above national median (4.7x)

GDP Growth
+0.9%

Well below national median

Home Prices
+4.0%

Outpacing national median

Climate & Terrain
10.5

Favorable climate & terrain

Price/Rent
29x

Speculative pricing

Housing is fairly valued at 4.9x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

San Francisco County U.S. National

The Numbers

DEMOGRAPHICS
Population
851,036
-1.72% YoY
Median Household Income
$136,689
Median Home Value
$1,348,700
+4.04% 12mo
Median Rent
$2,316
Average Annual Pay
$174,103
+4.2% YoY
Employment
707,646
-2.2% YoY
Income-to-Home-Value
0.1013
Less affordable than average
Migration Inflow
3.8%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$1,500,000
Days on Market
14
Very hot — homes selling fast
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
109.8%
Homes selling above asking
Sold Above List
64.5%
Listings w/ Price Drops
8.3%
Building Permits (2024)
770
Single-Family Permits
27

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$53,025M
TOTAL
PROJECT AMOUNT STATUS
City and County of San Francisco Capital Plan (Various Infrastructure Projects)
City and County of San Francisco
$52,100M Planned
Novva San Francisco Campus
Novva Data Centers
$500M Under Construction
Cormorant Energy Storage Project
Arevon
$250M Under Construction
Affordable Housing Investments
Citizens Bank and various developers
$125M Completed/Ongoing
San Francisco Bay Solar & Storage Portfolio (2 projects)
BREG - PVN
$50M Under Development

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.9% 16 percentile
Population Growth -1.7% 1 percentile
Income Growth +8.3% 44 percentile
Vacancy Rate 1.8% 13 percentile
Home Price Change +4.0% 83 percentile
Rent Growth +13.9% 99 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is San Francisco County, CA a good place to move to?

San Francisco County has a Boom Town Index score of 63/100, ranking #366 among 996 U.S. counties. With job growth at -2.2% and a median household income of $136,689, it's an above-average county on economic indicators.

Is San Francisco County affordable?

The median home value in San Francisco County is $1,348,700 with median rent at $2,316/month. The income-to-home-value ratio is 0.1013, which is less affordable than the national average.

Is San Francisco County growing or shrinking?

Population growth: -1.7% year-over-year. Job growth: -2.2%. Home values changed +4.0% in the past 12 months.

Are people moving to San Francisco County?

Yes — 3.8% of San Francisco County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Eddy County, NM 73 Erie County, NY 73 Warren County, NY 73 Butler County, OH 73 St. Clair County, MI 73 Sussex County, NJ 73 McKinley County, NM 73 Windsor County, VT 73