Investor-grade market analytics for San Francisco-Oakland-Berkeley, California. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$1,089,769
-2.6% year-over-year
3.4%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 99% nationally
In-migrants avg $135,952 AGI vs out-migrants $157,841
Opportunity Zone Market
37 ZIP codes in San Francisco-Oakland-Berkeley are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
San Francisco-Oakland-Berkeley, CA is experiencing a correction with -2.6% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 8.15x well exceeds the national average of 4.8x. Net negative migration (-13,619 returns/year) is reducing housing demand pressure. Climate risk is elevated (82/100), which may impact insurance costs and long-term property values. Rental yield of 3.37% is below average, suggesting this market is more suited for appreciation-driven strategies.
12-month projection (Zillow ZHVF model)
San Francisco-Oakland-Berkeley, CA's primary climate exposure is flooding (78/100). The composite climate risk score of 82/100 (High) indicates overall risk which may increase insurance premiums and impact property values over time. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.