South San Francisco, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the South San Francisco, California rental market.
South San Francisco, California
Average Apartment Rent
$3,200
Y-o-Y Change in Average
Apartment Rent
7.5%
As of November 2024
Compared to a year ago, South San Francisco, California apartments have recorded a 7.5% rent increase.
South San Francisco, California Average apartment rent trend
South San Francisco, California Average Apartment Rent
South San Francisco, California Apartment rent ranges
At 94.61%, apartments priced Over $2,000 represent the bulk of South San Francisco, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.66%.
South San Francisco, California Housing tenure**
Renters take up 38% of South San Francisco, California real estate, occupying a total of 8,451 units, while homeowners live in 13,585 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$99,651
Average household size of renter-occupied housing units**
2.78
Rental vacancy rate**
5.1%
South San Francisco, California Renter-occupied housing units by no. of bedrooms**
There are 2,929 rentals in South San Francisco, California with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 105 units. Overall, the median number of rooms in South San Francisco, California homes for rent is 3.9.
South San Francisco, California Renter-occupied units by age of householder**
Most condos for rent in South San Francisco, California are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
South San Francisco, California Renter-occupied housing units by family type**
South San Francisco, California Renter-occupied housing units by the presence of own children**
A total of 5,082 apartments for rent in South San Francisco, California, or 60% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 2,494 units. All in all, the median size of a renter-occupied household in South San Francisco, California is 2.78.
South San Francisco, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in South San Francisco, California.
South San Francisco, California Renter-occupied units by year structure built**
The highest share of South San Francisco, California apartment rentals, namely 19% or 1,599 units, were Built 1970 - 1979, followed by those Built 1950 - 1959 (17%, 1,455 units), and the ones Built 1960 - 1969 (15%, 1,293 units).
South San Francisco, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most South San Francisco, California renters (43%) moved in 2010 to 2017, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their South San Francisco, California condos for rent is 2015.
South San Francisco, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of South San Francisco, California renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 12% have 3 vehicles available.
South San Francisco, California Means of transportation to work of householders living in renter-occupied housing units**
South San Francisco, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all South San Francisco, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
