Home Affordability in San Francisco, CA
The median home price in San Francisco is $1,350,000 with a median household income of $119,136. Housing is significantly stretched relative to local incomes.
Median Home Price
$1,350,000
Median Income
$119,136
Price-to-Income Ratio
11.3x
Est. Affordable Home
$463,000
Property Tax Rate
0.62%
Annual Property Tax
$8,370
Sales Tax Rate
8.63%
Cost of Living Index
180
Buying a Home in San Francisco
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $119,136 in San Francisco can afford a monthly housing payment of approximately $2,780. This translates to a home price of roughly $463,000, which is below the median home price of $1,350,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in San Francisco would be approximately $8,370 per year ($698/month) at the effective rate of 0.62%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $40,500 | $1,309,500 | Yes |
| 5% | $67,500 | $1,282,500 | Yes |
| 10% | $135,000 | $1,215,000 | Yes |
| 20% | $270,000 | $1,080,000 | No |
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