Chart of the day – Sep 20, 2017

Sep 20, 2017.

Paying through the nose. Rent prices for San Francisco and San Jose, Aug 2017.

Rent prices in san francisco and san jose

The recent housing boom has made housing unaffordable for lot of people across the country. However, Silicon Valley metros are most affected, with median home prices in the range of $1 million. That has also impacted the rental market. The median rent for 1-bedroom apartment in Cupertino, Palo Alto, Mountain View, Sunnyvale, and Menlo Park–the heart of Silicon Valley–is $2,500. Even historically affordable neighborhoods of Fremont & Oakland are above $2,000.

The Bay Area also has a square footage premium as rents linearly increase with square foot from 1-bedroom to 3-bedroom. That’s typically not the case for other metros, as seen for Portland, Denver & Austin (previous Chart of the day, Sep 17, 2017). Since there is a restriction on high rise construction in this earthquake prone area, supply is limited. Long commutes and steady flow of young, high earning employees out-compete lower income families. Despite California being known as a socialistic state, distributing the wealth across its residents, Bay Area is a study in contrast with capitalism clearly in action.

Source: www.zilpey.com, a portable that uses advanced data mining for rental & property prices for homeowners.

Disclaimer: Written with heavy dose of coffee :). Let Amazon pay for my coffee, make your next Amazon purchase by going through the links here (Amazon pays small fraction of any purchase you make through this page within 24 hours).

 

Previous charts-of-the-day:

Sep 23, 2017Growth by Industry in Portland Metro (Multnomah & Washington counties), 2012-2015

Sep 22, 2017 – Earning growth (%) by industries for Oregon, Washington & California in Q1, 2017

Sep 21, 2017 – Median 1-,2-,3-BDR rent prices in Denver, Seattle & Los Angeles, Aug 2017

Sep 20, 2017 – Median rent prices in Silicon Valley for 1-,2-,3-bedroom, Aug 2017

Sep 19, 2017 – Estimated Gross State Product for US states, 2017

Sep 18, 2017Gross Metro Product for top 25 US metros, 2016

Sep 17, 2017 – Median 1-bedroom & 2-bedroom rent prices for Austin, Denver & Portland Metros, July 2017

Sep 16, 2017 – Median rent in San Francisco, July 2017

Sep 15, 2017 – Median rent in San Jose, July 2017

Sep 14, 2017 – Rate of inflation in India, 2014-2017

Sep 13, 2017 – Circulation of US dollar (2011) and Indian rupees (Mar 2017)

Sep 12, 2017 – Amount of US dollar in circulation (1984-2017)

Sep 11, 2017 – US annual population growth by race (2010-2016)

Sep 10, 2017 – US population by race (2010-2016)

Sep 09, 2017 – no chart

Sep 08, 2017Digitization in India, total transactions

Sep 07, 2017 – Cash circulation in India post demonetization

Sep 06, 2017 – Foreign direct investment to India (2012-2017)

Sep 05, 2017 – no chart

Sep 04, 2017US productivity change (percent, non-farm businesses, by year, 2000-2016)

Sep 03, 2017Unemployment rate & labor participation rates, 1997-2017

Sep 02, 2017 – Earnings of men & women, up to 2015

Sep 01, 2017 – US household income trend, 2015

Aug 31, 2017Projected growth in fastest growing occupations, 2014-2024

Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016

Aug 29, 2017 – US household – time spent in daily chores, 2016

Aug 28, 2017 – US household leisure & sports time, 2016

Aug 27, 2017 – Peak earning vs age, 2010-2016

Aug 26, 2017Price change for TVs, Computer, Internet, Cable & Software, 1996-2015

Aug 25, 2017Number of rental units in Silicon Forest, Tanasbourne, Portland Metro

Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)

Aug 23, 2017Rate of homeownership & number of renters, 1990-2015

Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017

Aug 21, 2017 – no chart

Aug 20, 2017 – Construction productivity vs other industries (The Economist)

Aug 19, 2017 – no chart

Aug 18, 2017 – no chart

Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017

Aug 16, 2017 – no chart

Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996

Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017

Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)

Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)

Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)

Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)

Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)

Aug 8, 2017 – Household credit score versus time (2001-2016)

Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)

Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)

Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)

Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)

Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market

Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)

Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)

July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)

July 28, 2017 – US home prices 1890-present

July 27, 2017 – Median house price for Portland Metro neighborhoods

July 26, 2017 – Average rent for Portland Metro region

July 25, 2017 – Path of total solar eclipse through Oregon

July 24, 2017 – Portland metro area household income by region

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