San Francisco's Soaring Real Estate Prices
If you're at all attuned to America's real estate market, you've heard about San Francisco's ongoing housing crisis.
But according to a recent report by online real-estate broker Trulia, the story is slightly different for San Francisco's longtime homeowners, who are enjoying incredibly high rates-of-return on their homes.
In 1986, America's most expensive housing market was San Francisco, where the median value of a home was $160,955. Today, it remains the country's most expensive housing market, with a median home value of $1,058,474. That's a 557% rise over 30 years, more than any other US metro area.
To get an idea of how remarkable San Francisco's housing market is, check out the graphic below comparing San Francisco's 30-year increase in home value to the 10 major US cities with the smallest increase in home value over the same period.