SocketSite properly digests the data relied on in a recent SF Gate article about rising San Francisco rents, noting that, not only does the Zillow report (that SF Gate relied on) use estimated, rather than actual rents, but it also only included data for houses and condos – not apartments – in determining that median rents for one-bedroom rentals in San Francisco reached $4,225.00 per month by May.
Last month, SocketSite concluded that the average asking rent is a much more “reasonable” $3,458.00. Curbed SF recently tracked data from Zumper.com, which it notes are based on asking prices, not what tenants are paying, and found that the median for a one bedroom apartment is also about $3,500.00 per month.
