San Francisco Rent Hits New High at $3,690, Most Expensive in US

News
Untitled-2-Recovered_1551814911936.jpg

 Welcome to the Bay Area — where you (mostly, your rent) can only go up from here! 

If you thought rent in San Francisco couldn’t get any higher — you were very wrong. 

Apparently San Francisco rent has reached a new peak of $3,690, according to home and apartment rental app Zumper. 

That’s also a rise of nearly 9 percent from the same time last year, the survey found, according to CNET. 

Here are some more fun tid bits about San Francisco’s skyrocketing rent:

  • SF rent is nearly 30 percent higher than NYC 
  • SF rent is more than double prices in Miami

The survey also found that while rent increased greatly in San Francisco, the median price of one-bedroom apartments everywhere else in the US apparently dropped nearly half a percent during the same time. 

In a nutshell, rent in San Francisco got more expensive while rent across the US got cheaper.

Could this explain the Bay Area exodus?

A growing number of homeowners are moving out of the Bay Area, citing everything from traffic and lack of affordable housing to high taxes and high cost of living. 

If $3,690 seems a bit steep to you, you can always move to the South, where an entire town in the heart of Georgia is up for sale at $1.7 million. 

That town does include several homes. 

Copyright 2019 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Stories

More Community

Don't Miss

More Don't Miss