Lital Mehr, Renter in San Francisco, CA

Is the price to rent ratio higher in SF (17) than in the East Bay (12) due to higher home prices, lower rent, or both?

Asked by Lital Mehr, San Francisco, CA Fri May 11, 2012

Help the community by answering this question:


It is definitely due to the higher home prices, because rents are higher in SF than the East Bay. SF actually has the highest average rental rates in the US and the third highest rising rates as well.

Like Oggi mentioned, there is rent-control in SF, but there is rent-control is Oakland and Berkeley as well- and Berkeley has one of the higher rental prices in the East Bay. I don't think the rent-control has a big effect on the price to rent ratio, unless the tenants have been there for decades- then it would definitely affect it- due to the minimal increase allowed year over year, currently 1.9% for SF. Just look at the numbers below-

Here are few interesting articles regarding the competitive rental market in SF:

SF- 3rd Biggest Rent Increase Year over Year- 11.1%…

SF- Highest Rents in the Country- $1905/month for 2 Bedroom…

Fierce Rental Competition in SF- actually stumps the above two sites stating that rents are actually up 15.6% with an average rental price of $2663 for all size units…

So in my opinion, it has nothing to do with 'low' rent, but everything to do with the high home prices.

Also, these articles and more and be found on my Facebook page:

If you have any other questions, please feel free to ask!

Davey Cetina
Buyer’s Specialist | DRE# 01887446

Better Homes and Gardens Real Estate
2095 Rose St, Ste 100 | Berkeley, CA 94709
[t] 510.517.7238 | [f] 510.780.2110
0 votes Thank Flag Link Sat May 12, 2012
Thanks David
Flag Sat May 12, 2012
It's mostly due to higher home prices however, with rent-control properties in SF, it's usually due to both higher prices and lower rents on tenant-occupied properties.

Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
Web Reference:
0 votes Thank Flag Link Fri May 11, 2012
I'd have to see how the stats were assembled to answer your question. Rents are higher in SF and so is purchasing.
It would also depend on what parts of the East Bay they are including or excluding. So cite your source, please.
0 votes Thank Flag Link Fri May 11, 2012
This is from Trulia's March 2012 report:
I believe the answer to the differential may be # of foreclosures in the east bay, where prices have fallen faster
Flag Fri May 11, 2012
Jed Lane, Real Estate Pro in San Francisco, CA
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