The total population of Russia Hill is 15,983, the median age is 41, and the average household income is $150,647 per year according to data provided the U.S Census Bureau.
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Russian Hill’s central location offers both convenience and accessibility, with transportation options provided by the San Francisco Municipal Transportation Agency (SFMTA), including Muni bus and cable car stops scattered throughout the neighbourhood. For those seeking recreational activities, George Sterling Park stands out with tennis and basketball courts that afford stunning city views. Families residing in Russian Hill also benefit from the proximity to top-rated educational institutions like the A-rated Yick Wo Alternative Elementary School.
Russian Hill is a charming and historic neighborhood located in San Francisco, known for its steep streets, scenic views, and distinctive character. Perched on one of the city’s original “Seven Hills,” Russian Hill offers breathtaking panoramas of the San Francisco Bay, Alcatraz Island, and the Golden Gate Bridge.
Residents in Russian Hill experience cool summers and mild winters. During the summers, coastal fog often rolls to relieve the residents from daytime heat, while the winters are mild. Overall, the microclimate of Russian Hill provides residents with a comfortable living environment all year round.
Many of the highly coveted homes in Russian Hill date back to the early 20th century. This coveted real estate features a diverse mix of styles, ranging from the iconic Mission Revival options to the intricate detailing of Victorian residences and the sleek lines of contemporary-style houses. While multifamily homes such as duplexes and apartment buildings are prevalent in the area, there are also notable single-family houses that command attention.
In 2023, the housing market in San Francisco experienced a decline of 6.7% in median home prices compared to the previous year, settling at a median price of $1.2 million. Conversely, in February 2024, Russian Hill witnessed a notable uptick of 22.9% in median home prices compared to the preceding year, reaching a median price of $1.7 million. This significant price differential underscores Russian Hill’s position as a more affordable alternative within San Francisco’s competitive real estate landscape, offering budget-conscious buyers an attractive option amidst limited space and high demand.
In San Francisco, homes typically sell within an average of 52 days, reflecting the dynamic nature of its real estate market. Conversely, in Russian Hill, houses boast a slightly shorter selling period, with properties typically finding buyers within an average of 50 days. These figures highlight the influence of both market conditions and neighbourhood dynamics on the duration properties remain on the market, underscoring Russian Hill’s appeal as a sought-after location with efficient turnover in home sales compared to the broader San Francisco area.
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.
Russian Hill’s Community Spirit and Lifestyle Treasures
Russian Hill is known for its friendly atmosphere in San Francisco. Residents are often seen gathering together either for dining, hiking or celebrating community events.
Russian Hill exudes a captivating residential charm. Stately Victorian and Edwardian houses line the streets, alongside elegant Art Deco and mid-century modern buildings, showcasing the area’s architectural diversity. With its charming streets, shaded by trees and hidden staircases, Russian Hill exudes a timeless elegance.
Russian Hill offers nearby restaurants and cafes that are easily accessible on foot. Along bustling thoroughfares, residents can indulge in culinary delights. Elephant Sushi, situated on Hyde Street, beckons with its delectable sushi offerings. At the same time, Fiorella, a famous Italian eatery located on Polk Street, tempts patrons with standout pizzas and other Italian classics. For those craving a home-cooked meal, quick grocery runs are made convenient with options like Polk Street Market or the Bi-Rite Market.
Russian Hill integrates culture and the arts into its fabric. The neighbourhood is home to a variety of cultural institutions, including art galleries, theatres, and performance spaces, which showcase the talents of local artists.
Russian Hill hosts a variety of community events throughout the year. The community witnesses street fairs, clean-up days, outdoor concerts in local parks, cultural festivals and even block parties. Additionally, Russian Hill’s proximity to iconic landmarks like Lombard Street and Ghirardelli Square often draws community members to participate in citywide events and celebrations.
Russian Hill is renowned for its safety and well-being, making it a coveted residential destination. The area provides security by maintaining well-lit streets, active community involvement, and neighbourhood watch programs. Furthermore, Russian Hill, being located at a central location, gives easy access to necessary amenities such as parks, schools, and public transportation, further enhancing its appeal as a safe and welcoming place to live.
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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.
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