- 94105 is the priciest zip code in San Francisco
- The Financial District (94104) ranks 4th, with a 40% increase y-o-y
- Two zip codes—94129 and 94130—didn’t make the list due to lack of home sales
Nothing soothes our end-of-summer blues like a new zip code ranking in sunny California. This time we’ve zoomed in on San Francisco’s priciest zip codes for homebuyers. So, we analyzed all residential transactions closed from January 1st 2017 all the way through the end of August. As expected, the most expensive zips are in well-established neighborhoods like Marina, SoMa or the Financial District, but this doesn’t mean that there weren’t a few surprises along the way.
#1. 94105 is the priciest zip code in San Francisco. Covering the South Beach and Yerba Buena neighborhoods, the zip code fetched a median price of $1,209 per square foot through August 2017. This particular area has definitely earned the first spot, boasting the only zip code with a price tag over $1,200 per square foot.
#2. Coming up next is San Francisco’s Downtown (94108), which saw a 5.4% increase year-over-year in prices. The zip code ranks second on our list, achieving a median price of $1,189 per square foot.
#3. San Francisco’s Marina (94123) completes the top three. Here, the median price per square foot went down 3.2% year-over-year, resting only slightly below the second-place contender with a median price of $1,188 per square foot.
#4. The most surprising zip code in our ranking is San Francisco’s Financial District (94104). The significant growth is largely credited to the 19 renovated condos at the Ritz-Carlton Residence Club. The units went on the market at the end of December 2016, fetching asking prices ranging from $2.3 to $2.7 million, according to Curbed.
#5. Encompassing San Francisco’s Fifth District, 94114 takes the fifth spot on our list. The Castro neighborhood zip code had an increase in prices of nearly 5% year-over-year, and fetched a median price of $1,157 per square foot.
Two zip codes (94129 and 94130) didn’t make it into our list, and it’s not hard to see why. The 94129 zip code covers the Presidio of San Francisco, a 1,500-acre park near Presidio Heights, which has no units available for sale and features only rentals. Same goes for 94130—the Treasure Island zip code offers only rentals units.
Which was the priciest residential sale of the year so far?
After being labeled by Curbed as the most expensive home in San Francisco, the single-family residence at 2712 Broadway Street was sold in June for a total of $38 million. This made the property the most expensive item sold through August 2017.
The property’s Pacific Heights zip code (94115) ranked 11th on our list. The luxurious home went on the market in April 2017, with an asking price of $40 million. The mansion was marketed by Pacific Union, which closed the deal 10 weeks later. However, the new owner of the property remains a mystery, and although there is plenty of speculation surrounding the subject, nothing has been confirmed, according to the SFGate.
You can see the full ranking in the table below:
|Rank||ZIP CODE||MEDIAN PRICE/SQFT 2017||MEDIAN PRICE/SQFT 2016||Y-o-Y Change|
Methodology: To determine the priciest zip codes in San Francisco, we looked at all residential transactions closed between the 1st of January and 31st of August 2017. All package deals were excluded.
Zip codes 94130 and 94129 were excluded from our ranking because no residential transactions were recorded there within the above-mentioned timeframe.