San Francisco Rents Now Cheaper Than Jersey Metropolis, In line with Rental Information

San Francisco asking rents at the moment are decrease than in Jersey Metropolis, a big suburb of New York Metropolis, as residential rents proceed to stagnate for the reason that pandemic.

To make certain, San Francisco residences are hardly a discount: Median rents for a one-bedroom hovered at $3,000 monthly in June, in response to Zumper. San Francisco’s rents are the third-priciest within the nation, behind New York Metropolis and Jersey Metropolis, whose median rents are $3,900 and $3,370.

However present rental costs in San Francisco replicate an prolonged downturn for the reason that pandemic that is uncommon in comparison with many different U.S. cities.

Mountain View, Cupertino and Santa Clara surpassed San Francisco because the priciest Bay Space cities for renters, in response to information launched launched earlier this month by Zumper. Vallejo, Antioch and Richmond have been essentially the most inexpensive.

As companies closed and tech employees went distant, San Francisco misplaced tens of hundreds of residents through the peak of the pandemic.

Between April 2020 and July 2022, San Francisco misplaced roughly 7.5% of its whole inhabitants—a better share than some other U.S. county.

As companies closed and tech employees went distant, San Francisco misplaced tens of hundreds of residents through the peak of the pandemic.

Between April 2020 and July 2022, San Francisco misplaced roughly 7.5% of its whole inhabitants—a better share than some other U.S. county.