Castro / Noe Valley, San Francisco, CA—94114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Castro / Noe Valley, San Francisco, CA
As of Oct '25, the median home price in Castro / Noe Valley, San Francisco, CA is $1,679,000, with a year-over-year change of 3.0%. This indicates that home prices in Castro / Noe Valley, San Francisco, CA are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,679,000 | 3.0% |
| Single Family | $2,245,000 | 4.4% |
| Condos | $1,256,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $817,000 | 1.1% |
2 Bed | $1,339,000 | 3.2% |
3 Bed | $2,075,000 | 4.5% |
4 Bed | $2,977,000 | 4.9% |
| 5 Bed | $3,832,000 | 4.6% |
% of Housing Stock
Rental Trends — Castro / Noe Valley, San Francisco, CA
As of July '25, Rentcast reports the average rent in Castro / Noe Valley, San Francisco, CA is $4,920, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in Castro / Noe Valley, San Francisco, CA is studios: $2,730, 1-bedrooms: $3,480, 2-bedrooms: $5,280, 3-bedrooms: $7,140, 4-bedrooms: $7,580. The most common rental property sizes in Castro / Noe Valley, San Francisco, CA are 1-bedroom and 2-bedroom, accounting for 40.9% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,920 |
| Studio Rent | $2,700 | $2,730 |
| 1 Bed Rent | $3,200 | $3,480 |
| 2 Bed Rent | $4,980 | $5,280 |
| 3 Bed Rent | $7,350 | $7,140 |
| 4 Bed Rent | $8,000 | $7,580 |
% of Rental Stock
Property Listings — Castro / Noe Valley, San Francisco, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Castro / Noe Valley, San Francisco, CA is 55. This is a increase of 81.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,840,000 | -16.0% |
Listing Count | 70 | -8.0% |
| Listings as % of Homes | 0.2% | -8.0% |
Days on Market | 55 | 81.0% |
Demographics — Castro / Noe Valley, San Francisco, CA
As of the latest ACS Survey released in 2023, Castro / Noe Valley, San Francisco, CA has a population of 33,600, which has decreased by -3.2% over the past 5 years. Castro / Noe Valley, San Francisco, CA is a less popular place for families, as children make up 11.1% of the population. The area has a highly educated workforce, with 79.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,600 | -3.2% |
% Under 18 | 11.1% | -5.1% |
% Seniors | 14.5% | 16.0% |
% WFH | 37.1% | 237.3% |
% w/ College Degree | 79.2% | 0.4% |
As of the latest ACS Survey released in 2023, Castro / Noe Valley, San Francisco, CA is a predominantly white area, with 65.4% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Castro / Noe Valley, San Francisco, CA is asian, making up 13.7% of the population. Foreign-born residents account for 20.3% of the population in Castro / Noe Valley, San Francisco, CA, and this percentage has increased by 1.5% 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 | 65.4% | -6.8% |
% Black | 2.3% | -4.2% |
% Hispanic | 10.0% | 13.6% |
% Asian | 13.7% | 3.8% |
% Foreign Born | 20.3% | 1.5% |
Mortgage and Risk — Castro / Noe Valley, San Francisco, CA
According to HUD data as of 2023, there were 354 mortgage originations in Castro / Noe Valley, San Francisco, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Castro / Noe Valley, San Francisco, CA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 354 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Castro / Noe Valley, San Francisco, CA
As of 2024, the percent of homes in Castro / Noe Valley, San Francisco, CA under the Section 8 program is 3.4%. 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 Castro / Noe Valley, 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 | 290 |
Total Units Section 8 | 290 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $3,200 | $2,840 |
| 2 Bedroom | -$1,590 | $4,980 | $3,390 |
| 3 Bedroom | -$3,120 | $7,350 | $4,230 |
| 4 Bedroom | -$3,510 | $8,000 | $4,490 |
Affordability — Castro / Noe Valley, San Francisco, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $1,679,000 |
| Median Household Income | $197,000 |