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San Francisco County, CA

Merced-McLaren

RANK #862 / 996 NAT  ·  #28 / 43 CA  ·  POP 851,036

1YR FORECAST: +6.4%

5YR OUTLOOK: +13%

#5 Best Climate & Terrain
Our model projects San Francisco County's housing market at +6.4% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    City and County of San Francisco Government
    25,000+
  2. 2
    University of California, San Francisco (UCSF) Healthcare
  3. 3
    Wells Fargo Finance
    10,000+
  4. 4
    San Francisco Unified School District Education
    5,000+
  5. 5
    Salesforce Technology
  6. 6
    Sutter Health Healthcare
  7. 7
    Kaiser Permanente Healthcare
  8. 8
    Visa Inc. Finance
  9. 9
    Gap Inc. Retail
  10. 10
    Levi Strauss & Co. Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
59.8%
of residents (national avg: 33%)

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] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
5.0
per 100K · nat avg 6.3
Firearm Fatalities
5.3
per 100K · nat avg 14.8
Injury Deaths
86.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
35.7
Good
Good Air Days
74%
814 of 1,094 days
Unhealthy+ Days (3yr)
1
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
39
2022
36
2023
32
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

The data is not encouraging — San Francisco County scores just 13/100 on the Boom Town Index, ranking #862 of 996 counties. Job growth at -2.2% and median household income of $136,689 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is San Francisco County affordable?

Affordability is a real challenge in San Francisco County. The median home is valued at $1,348,700 — with an income-to-home-value ratio of just 0.10, that's significantly harder to afford than in most U.S. counties. Median rent runs $2,316/month.

Is San Francisco County growing or shrinking?

Both population (-1.7% YoY) and employment (-2.2%) are contracting in San Francisco County, though housing tells its own story with values moving +4.0% over the past 12 months. This is a county where the trend lines are pointing in the wrong direction.

Are people moving to San Francisco County?

There's a moderate stream of newcomers. About 3.8% of residents moved from another state, which is above average and suggests San Francisco County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Solano County, CA 14 Monterey County, CA 12 Los Angeles County, CA 15 Santa Cruz County, CA 15 Marin County, CA 15 Orange County, CA 15 Hudson County, NJ 13 Prince George's County, MD 12