The Inner Mission is rapidly becoming a hot destination for San Francisco’s new home buyers, as more and more of the up-and-coming neighborhood is being redeveloped as new construction condominium developments.
Close access to shuttle buses that commute to Silicon Valley (with onboard wifi) have brought an influx of tech and social media workers to the area, searching for modern, urban homes. While the southern edges of the neighborhood retain the traditional hip Mission vibe, with young renters and single families making up a majority of the population, the northern tip of the neighborhood is seeing a revitalization in the way of newly built condominiums.
With a reputation for hip and artistic residents, the Inner Mission has been a popular spot for young renters for years, and was recently voted the nation’s second hippest neighborhood by Forbes. Now, however, more and more high-income residents have chosen the Mission as their destination in recent years, and subsequently the area’s real estate market has consistently outpaced the San Francisco market as a whole over the past ten years. Price per square foot for Inner Mission homes has risen about 48% since 2008, while San Francisco has only seen about a 19% increase in per square foot price over the same time. Now, price per square foot for the Mission is sitting at around $684/sq. ft., while San Francisco’s average price is still $654/sq. ft., making the area a popular choice for investors.
To be among the first to get information on new developments in the Inner Mission, contact neighborhood professional Melody Hultgren at email@example.com or 415.601.6915.
Climb Real Estate provides this information to the public and our clients and does not guarantee its accuracy. Climb Real Estate does not necessarily represent the seller nor the marketing company in any way. For buyer representation, contact Climb or learn how to buy new developments.