The 12 most expensive zip codes for Bay Area renters


  • 69c78 920x920 The 12 most expensive zip codes for Bay Area renters

  •  The 12 most expensive zip codes for Bay Area renters

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Trying to find a budget rental in the Bay Area? We can tell you where not to look.

RentCafe recently released its annual list of most expensive zip codes for renters and, no surprise, there are a whole lot of Bay Area zip codes dotting the top 50 list (see them in the gallery at the top of this story).

Some are pretty intuitive — Cupertino isn’t exactly known to be cheap — but others are pockets of the Bay Area where the rental market is so small that it’s astronomically expensive.

To get a more balanced look at the rental market, which is notoriously hard to break down into simple numbers, we asked another apartment listing site, Zumper, to share its data of most expensive zip codes in the Bay Area. Similar to RentCafe’s data, Zumper also found many of the region’s most expensive locations were in San Francisco. Namely, the Pacific Heights, Cow Hollow and China Basin areas were three of the priciest neighborhoods.


ALSO: Calculator shows how insanely little you can afford to rent in the Bay Area

“Since there is very limited space in the city to build new housing stock and the high demand —created by things like tech job opportunity and people’s desires to live in a bustling city — does not seem like it will cease anytime soon, rent prices will continue to stay expensive here,” said Anthemos Georgiades, Zumper’s co-founder and CEO.

Georgiades added prices in the East Bay and further afield are continuing to steadily rise as more renters move across the Bay Bridge to escape SF prices.

“Notably, most of the cities on our Bay Area metro report had either flat or growing year over year prices, signaling that there is an incredibly strong demand here that’s keeping the majority of these rents expensive and continually growing.”

But maybe this will make you feel better about the Bay Area rental market: The most expensive zip code in California according to RentCafe isn’t around here; it’s 90024 in the Westwood neighborhood of Los Angeles.

Alix Martichoux is an SFGATE digital editor. Email: alix.martichoux@sfgate.com

Article source: https://www.sfgate.com/realestate/article/most-expensive-sf-neighborhoods-san-francisco-rent-14493519.php

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