San Francisco Bay Area Housing Market
The goals of this research are to provide information about the demographics, economic growth, economic forecasts, home ownership, and home rental in the San Francisco Bay Area and East Bay region from 2010 to present and projections about such for the next five years. This information will be used to help a real estate firm assess advantages of the housing market in East Bay and the San Francisco Bay Area.
- Among the Bay Area counties of San Francisco, San Mateo, Contra Costa, Marin, Alameda, the home ownership rate during Q2 2019 was 51.7%, which was the lowest dating back to 2012. In 2018, the home ownership rate among those counties was 56.4%.
- According to a December 2019 article, "38 percent of [San Francisco] homes are occupied by their owners." That percentage is the lowest among all California counties.
- The following are the approximate home ownership rates by year (2010-2018 (the years available)) for Contra Costa County in East Bay: 2010 (70.6%), 2011 (69.3%), 2012 (67.4%), 2013 (66%), 2014 (65%), 2015 (64.6%), 2016 (64.2%), 2017 (65.4%), and 2018 (65.9%).
- The following are the approximate home ownership rates by year (2010-2018 (the years available)) for Alameda County in East Bay: 2010 (59%), 2011 (58.1%), 2012 (57%), 2013 (56.2%), 2014 (55.6%), 2015 (55.2%), 2016 (55.1%), 2017 (55.4%), and 2018 (55.5%).
- From 2010 to 2019, rent "in the [San Francisco] Bay Area" increased 70%.
- The price of a home in San Francisco from 2010 to 2019 increased by 95%. In contrast, median income in that region rose 61% during that same time period.
- Between March 2018 and March 2019, East Bay employment for non-farm jobs increased by approximately 18,000 jobs, which equated to a 1.5% increase in employment (compared to California's 1.4% increase for such during that same time period).
Summary of Initial Research
During our initial hour of research, we found information about home ownership and rental in the San Francisco Bay Area and East Bay region from 2010 to present. With further research, we can complete the other components of this research project, as are outlined in the Proposed Next Steps below.
Proposed next steps:
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