San Francisco’s median rent hits a ridiculous $4,225

We already knew the rent was too damn high, even before we published a report this February showing not only that the median for a one bedroom apartment in the city had jumped to $3,460, but that even formerly cheaper neighborhoods were now among the pricey. (To check out a map of the city’s crazy rents by ‘nabe, go here.)

Apparently though, they weren’t high enough. According to Zillow, the new median rent in San Francisco is $4,225 a month. Zillow’s data compose the “Zillow Rental Index” (ZRI). This index shows rents up 16% year-over-year (YOY) this April, and take into account all types of rentals in San Francisco proper, from single family homes to condos to in-laws.

Metro metrics

The whole Bay Area, in fact, shows a rental market on fire. Increased rents in Oakland (up 21.6% YOY); Berkeley (up 30.9% YOY); Emeryville (up 29.5 YOY); San Jose (up 14% YOY) and even Daly City (up 201.1% YOY) make the San Francisco Metropolitan region the fastest growing rental market in the USA.

How high is too high?

http://blog.sfgate.com/ontheblock/2015/06/02/san-franciscos-median-rent-hits-a-ridiculous-4225/