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In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [3]
This graphic shows the year that cities around the San Francisco Bay Area are projected to reach their 2040 housing targets as defined in Plan Bay Area 2040 (housing units needed to provide sufficient housing for the projected population growth) - in 2018, San Francisco was projected to be 23 years late to meet its 2040 target. MTC director ...
Like counties however, the lowest-income places tended to be located in the Central Valley, and the highest-income places were concentrated in the San Francisco Bay Area. San Francisco is an extreme example of a place in California with both a large population (829,072) and high per capita income ($49,986).
Even though real income rates in the Bay Area have been increasing over time, it was published in 2011 by the American Journal of Economics and Sociology that low-income residents are left with less leftover income after their rental payments than the equivalent in the 1960s. [61] A small tent city under an overpass carrying Interstate 580 in ...
A Compass real estate representative called it one of the most interesting estates in the Bay Area. ... Duffield sold the home in 2020 with the proceeds going to Maggie’s Fund, a no-kill pet ...
The homeowner vacancy rate was 0.7%; the rental vacancy rate was 5.0%. 24,669 people (85.1% of the population) lived in owner-occupied housing units and 4,080 people (14.1%) lived in rental housing units. The median household income of Los Altos for 2013–2017 was $208,309. [19] The average home listing price in 2014 was $1.96 million. [20]
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