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San Francisco city, CA

ZIP 94123 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94123

Median Home Value
$2,000,001
Median Rent
$3,176
Affordability Snapshot
$551,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,847/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

9.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

52.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94123 in San Francisco city, CA, a household would need roughly $551,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $12,847. That is about 147% above the local median household income ($222,689), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
28.8%-56% vs US avg
x
Vacancy Rate
15.9%+55% vs US avg
x
Broadband Access
96.5%+11% vs US avg
x
4+ Bedrooms
3.5%-77% vs US avg
x
Built Pre-1939
5.7%-56% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
8.5%-83% vs US avg
x
Mortgage-Free
39.5%+3% vs US avg
x
$2,000,001
Home Value
$3,176
Rent
1938
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached9.6%
  • 1-unit attached8.2%
  • 2-9 units42.1%
  • 10+ units40.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$2,000,001
Median rent$3,176
Owner-occupied28.8%
Vacant15.9%
Price-to-income9.0x
Est. income to buy$551,000