Home Prices Surge in Parts of Downtown San Francisco

Real estate experts say the new mayor’s crime fighting efforts and a booming AI industry are drawing home buyers back to the city.
Home Prices Surge in Parts of Downtown San Francisco
A sign is posted in front of a home for sale in San Francisco on May 11, 2023. Justin Sullivan / Getty Images
|Updated:
0:00
Some neighborhoods in San Francisco reported home prices surging by 51 percent in May after the city elected a crime-fighting mayor and artificial intelligence jobs boomed, according to Realtor.com data released this month.

Median home list prices in the iconic neighborhoods of Nob Hill, Union Square, and even parts of the crime-riddled Tenderloin district jumped 51 percent from May 2024, the organization reported.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.