The total population of Balboa Terrace is 811, where the Median Age is 45.9 and the average household income sits at $235,793 per year according to data provided the U.S Census Bureau.
TOTAL POPULATION
MEDIAN AGE
HOMEOWNERSHIP RATE
MEDIAN HOUSEHOLD INCOME
Balboa Terrace, situated in the Twin Peaks district is known for its great location. People living here have access to the major landmarks surrounding the area. In addition, the close proximity to the main roads provides the residents an access to various job opportunities and the explorers entertainment spots.
Balboa Terrace maintains the aura of a small town characterized by its close-knit community. The familiarity within the people, thriving local businesses with no major attraction sites for tourists gives off small town vibes.
Balboa Terrace is renowned for its pleasant microclimate. Mild and temperate weather prevails in the area throughout the year. As there is less fluctuation in temperatures, residents enjoy an ideal climate excellent for outdoor activities.
Balboa Terrace is filled with highly desirable residences with a diverse array of architectural styles and designs. Homebuyers here can have different housing options that suit their preference, ranging from single-family homes to beautiful bungalows. In addition, the houses are highly sought-after due to its quality construction, attractive location and desirable surrounding.
Based on the market condition, limited space and demand, the housing market fluctuates. However, Balboa Terrace as compared to San Francisco offers a more affordable alternative with its median sales prices to be fair, providing a budget-friendly option. Comparing the median sales price between San Francisco and Balboa Terrace reveals that the former has higher prices for its high demand.
The home prices of San Francisco was down by 6.7% in 2023 as compared to 2022 selling for a median price of $1.2M while Ingleside’s home price was down 6.5% selling for a median price of $1.6M.
Various factors determine the average days a house remains on the market. The factors are market conditions or the neighborhood that leads to higher or shorter selling periods.
When we talk about San Francisco, its homes sell within 52 days as compared to Balboa Terrace’s houses that sell within 27 days.
The “Percent of Original Price” is a metric calculated by dividing the final sale price of a property by its most recent listing price.
In general, factors such as high demand, limited housing supply, and the desirability of a neighborhood can influence whether properties sell below or above their most recent listing listing price.
Balboa Terrace’s Community Spirit and Lifestyle Treasures
Balboa Terrace welcomes newcomers and long-time residents alike with open arms and warm smiles. Its tight-knit community fosters a sense of belonging, where neighbors often gather for impromptu chats or lend a helping hand. Whether you’re walking your dog or enjoying a leisurely stroll, you’ll always encounter friendly faces and a welcoming vibe.
The architectural landscape of Balboa Terrace is a testament to its rich history and character. Quaint, well-maintained homes line the streets, each boasting its own unique style and charm. From cozy bungalows to elegant Tudors, there’s a residence to suit every taste and preference, creating a picturesque backdrop for daily life.
Food enthusiasts rejoice in Balboa Terrace’s diverse dining scene, where an eclectic array of eateries awaits exploration. From cozy cafes serving up artisanal coffee to family-owned restaurants dishing out mouthwatering cuisine from around the globe, there’s no shortage of culinary delights to tantalize your taste buds.
Art and culture thrive in Balboa Terrace, enriching the lives of residents and visitors alike. The neighborhood is home to a vibrant arts community, with local galleries showcasing the works of talented painters, sculptors, and artisans. Cultural institutions offer a diverse range of programming, from live music performances to theater productions, ensuring there’s always something captivating to experience and enjoy.
Throughout the year, Balboa Terrace comes alive with a variety of community events that celebrate its unique heritage and bring residents together in celebration. From neighborhood block parties and seasonal festivals to farmers’ markets and outdoor concerts, there’s always an exciting event on the horizon.
Safety and well-being are paramount in Balboa Terrace, where residents can feel secure and protected in their surroundings. The neighborhood boasts low crime rates and proactive community policing efforts, ensuring peace of mind for all who call it home. Well-maintained parks and green spaces offer opportunities for outdoor recreation and relaxation, promoting both physical and mental health for residents of all ages.
When you work with me, a trusted real estate agent, my experience and knowledge of the area works for you! Having been born and raised in the city is unique situation that few know of.
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Ready to SELL or FIND your perfect Twin Peaks District Of San Francisco home?
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About Haley Zhao
As a local San Francisco realtor, I take great pride in helping residents sell their houses for the most money. I firmly believe in honesty and accessibility for all our clients.
With decades of accumulated local knowledge and proven marketing strategies I make sure you sell your house for the most money possible, while also providing a stress-free experience.
Testimonials
Hear from real clients who reached their goals with the help of Haley Zhao at Haley Sells the City:
Our team researches your property and the area’s home values to provide you with a free Home Value Report.
We recommend a target “sale price” and provide you with a plan to sell that will give you the most money possible, while also selling within your timeframe.
You’ll have the peace of mind of knowing that you’ll always pay a fair commission with us, and you can cancel at any time.
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Our real estate agents in San Francisco don’t only help you sell your house in the Bay Area. I can also help if you are looking to buy a property in San Francisco. Join the many highly satisfied homeowners who have worked with Haley Sells the City to sell their home or property quickly and for top dollar.
