Lake Merced, San Francisco, CA—94132
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Merced, San Francisco, CA
As of Oct '25, the median home price in Lake Merced, San Francisco, CA is $1,238,000, with a year-over-year change of -2.1%. This indicates that home prices in Lake Merced, San Francisco, CA are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,238,000 | -2.1% |
| Single Family | $1,313,000 | -0.8% |
| Condos | $759,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $557,000 | 3.0% |
2 Bed | $989,000 | -4.0% |
3 Bed | $1,400,000 | -0.4% |
4 Bed | $1,723,000 | 1.8% |
| 5 Bed | $1,875,000 | 1.2% |
% of Housing Stock
Rental Trends — Lake Merced, San Francisco, CA
As of July '25, Rentcast reports the average rent in Lake Merced, San Francisco, CA is $3,030, with a year-over-year rent change of -22.9%. Per bedroom, the median rent as of July '25 in Lake Merced, San Francisco, CA is 1-bedrooms: $1,930, 2-bedrooms: $3,850, 3-bedrooms: $5,320, 4-bedrooms: $5,790. The most common rental property sizes in Lake Merced, San Francisco, CA are 2-bedroom and 1-bedroom, accounting for 40.1% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,930 |
| 2 Bed Rent | $3,750 | $3,850 |
| 3 Bed Rent | $4,600 | $5,320 |
| 4 Bed Rent | $1,580 | $5,790 |
% of Rental Stock
Property Listings — Lake Merced, San Francisco, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Merced, San Francisco, CA is 37. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,390,000 | 3.0% |
Listing Count | 24 | 6.0% |
| Listings as % of Homes | 0.1% | 6.0% |
Days on Market | 37 | -10.0% |
Demographics — Lake Merced, San Francisco, CA
As of the latest ACS Survey released in 2023, Lake Merced, San Francisco, CA has a population of 27,400, which has decreased by -13.0% over the past 5 years. Lake Merced, San Francisco, CA is a less popular place for families, as children make up 13.3% of the population. The area has a highly educated workforce, with 58.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | -13.0% |
% Under 18 | 13.3% | 12.7% |
% Seniors | 20.6% | 32.1% |
% WFH | 20.3% | 383.3% |
% w/ College Degree | 58.5% | 19.4% |
As of the latest ACS Survey released in 2023, Lake Merced, San Francisco, CA is a predominantly asian area, with 47.9% of the population identifying as asian. The asian population has grown by 15.7% in the last 5 years. The second most common race or ethnicity in Lake Merced, San Francisco, CA is white, making up 24.9% of the population. Foreign-born residents account for 40.3% of the population in Lake Merced, 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 | 24.9% | -15.0% |
% Black | 6.4% | -28.1% |
% Hispanic | 14.4% | -6.5% |
% Asian | 47.9% | 15.7% |
% Foreign Born | 40.3% | 1.5% |
Mortgage and Risk — Lake Merced, San Francisco, CA
According to HUD data as of 2023, there were 115 mortgage originations in Lake Merced, San Francisco, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Lake Merced, San Francisco, CA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lake Merced, San Francisco, CA
As of 2024, the percent of homes in Lake Merced, San Francisco, CA under the Section 8 program is 14.4%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Merced, San Francisco, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 749 |
Total Units Section 8 | 748 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $890 | $1,650 | $2,540 |
| 2 Bedroom | -$720 | $3,750 | $3,030 |
| 3 Bedroom | -$890 | $4,600 | $3,710 |
| 4 Bedroom | $2,450 | $1,580 | $4,030 |
Affordability — Lake Merced, San Francisco, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.8 |
| Median Home Price | $1,238,000 |
| Median Household Income | $119,000 |