South San Francisco, CA—94080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South San Francisco, CA
As of Oct '25, the median home price in South San Francisco, CA is $1,184,000, with a year-over-year change of -0.8%. This indicates that home prices in South San Francisco, CA are flat. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,184,000 | -0.8% |
| Single Family | $1,231,000 | -0.7% |
| Condos | $713,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $565,000 | -5.4% |
2 Bed | $894,000 | -2.2% |
3 Bed | $1,189,000 | -0.8% |
4 Bed | $1,428,000 | 0.4% |
| 5 Bed | $1,655,000 | 0.8% |
% of Housing Stock
Rental Trends — South San Francisco, CA
As of July '25, Rentcast reports the average rent in South San Francisco, CA is $3,620, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in South San Francisco, CA is studios: $2,720, 1-bedrooms: $2,920, 2-bedrooms: $3,830, 3-bedrooms: $4,400, 4-bedrooms: $6,220. The most common rental property sizes in South San Francisco, CA are 2-bedroom and 1-bedroom, accounting for 36.4% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,610 | $3,620 |
| Studio Rent | $2,840 | $2,720 |
| 1 Bed Rent | $3,340 | $2,920 |
| 2 Bed Rent | $3,800 | $3,830 |
| 3 Bed Rent | $4,400 | $4,400 |
| 4 Bed Rent | $4,950 | $6,220 |
% of Rental Stock
Property Listings — South San Francisco, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in South San Francisco, CA is 42. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 3.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,110,000 | -1.0% |
Listing Count | 62 | -6.0% |
| Listings as % of Homes | 0.1% | -6.0% |
Days on Market | 42 | 48.0% |
Demographics — South San Francisco, CA
As of the latest ACS Survey released in 2023, South San Francisco, CA has a population of 65,000, which has decreased by -3.8% over the past 5 years. South San Francisco, CA is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 40.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,000 | -3.8% |
% Under 18 | 17.5% | -7.9% |
% Seniors | 17.5% | 7.4% |
% WFH | 16.5% | 489.3% |
% w/ College Degree | 40.1% | 15.2% |
As of the latest ACS Survey released in 2023, South San Francisco, CA is a predominantly asian area, with 42.8% of the population identifying as asian. The asian population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in South San Francisco, CA is hispanic, making up 31.1% of the population. Foreign-born residents account for 40.1% of the population in South San Francisco, CA, and this percentage has increased by 0.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.5% | 1.5% |
% Black | 1.7% | -5.6% |
% Hispanic | 31.1% | -7.7% |
% Asian | 42.8% | 7.5% |
% Foreign Born | 40.1% | 0.5% |
Mortgage and Risk — South San Francisco, CA
According to HUD data as of 2023, there were 455 mortgage originations in South San Francisco, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in South San Francisco, CA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 455 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — South San Francisco, CA
As of 2024, the percent of homes in South San Francisco, CA under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South San Francisco, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 868 |
Total Units Section 8 | 788 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 90.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$730 | $3,340 | $2,610 |
| 2 Bedroom | -$690 | $3,800 | $3,110 |
| 3 Bedroom | -$520 | $4,400 | $3,880 |
| 4 Bedroom | -$830 | $4,950 | $4,120 |
Affordability — South San Francisco, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $1,184,000 |
| Median Household Income | $136,000 |