An unexpected San Francisco neighborhood has experienced a dramatic turnaround. The 94108 ZIP code — encompassing parts of Nob Hill, Chinatown, Union Square and the Tenderloin — saw median list prices surge 50.7% year-over-year in May, according to Realtor.com.
The data show that prices in the multifaceted region skyrocketed from $962,000 in May 2024 to $1,450,000 in May 2025. Realtor.com’s senior economic research analyst Hannah Jones said she believes that the “relatively affordable” prices for San Francisco boosted the district. “Buyers interested in buying in the city of San Francisco may be driving demand to areas where prices fell more significantly in recent years, which has resulted in more buyer competition and climbing prices in these ZIPs,” she said in a statement to SFGATE.
BEST OF SFGATE…