SAN FRANCISCO (CBS SF) – New data on the Bay Area housing market indicates a sharp increase in home values paired with higher rents across the region.

According to home price tracking firm Zillow, Bay Area home values rose more than 17 percent in May compared to a year earlier. Rents over that same period went up by about six percent.

The median home value rose 15.5 percent to about $680,000.

The median rental value rose about nine percent to more than $2,700 per-month.

Click here for Zillow’s tracking numbers from the Bay Area.


Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
LIVE: Monday through Friday from 3am – 3pm PST

Watch & Listen LIVE