The total population of South of Market is 20,155, where the median age is 36, and the average annual household income is $152,936 per year according to data provided the U.S Census Bureau.
TOTAL POPULATION
MEDIAN AGE
HOMEOWNERSHIP RATE
MEDIAN HOUSEHOLD INCOME
South of Market’s prime location ensures residents are close to the buzzing Financial District or Union Square. This enables the locals to access offices, boutiques, restaurants, and bars. SF Giants and Warriors Stadiums, Ferry Building, Embarcadero, and SFMOMA are venues close to the area. These transform ordinary urban living into an endless discovery of culture, sports, and gourmet adventures.
South of Market (SoMa) epitomizes the blend of urban energy and small-town charm. This neighborhood retains the community spirit with its mix of residents and local businesses. Community events, gathering spots, and local eateries play a crucial role in developing this small-town vibe, as the residents are often seen together to create a lively environment.
South of Market (SoMa) enjoys a pleasant microclimate. The neighborhood experiences relatively mild and temperate weather throughout the year, with cool summers and mild winters offering residents an enjoyable environment for year-round living and leisure.
South of Market is a home to various housing options. Residents can choose from a variety of housing options to suit their needs and preferences. From cosy 600-square-foot apartment condo units to spacious studio apartments and units in duplexes offering extra amenities, there’s something for everyone. For those seeking more space and privacy, townhouses provide a comfortable living environment, while luxury lofts offer a contemporary urban living experience with high ceilings and modern finishes.
In 2023, the housing market in San Francisco experienced a decline, with median home prices dropping by 6.7% compared to the previous year, settling at $1.2 million. Conversely, in February 2024, the South of Market area saw a notable increase in median home prices, rising by 10.7% compared to the previous year, reaching a median price of $1.0 million. This significant price difference underscores the affordability advantage that South of Market offers over the bustling real estate market of San Francisco, making it an attractive option for budget-conscious buyers seeking more reasonable housing prices amidst limited space and fluctuating demand.
In San Francisco, homes typically sell within an average of 52 days, reflecting the dynamic and competitive nature of the city’s real estate market. In contrast, South of Market’s houses tend to remain on the Market for a longer period, with an average selling duration of 98 days. These disparities in selling periods underscore the influence of various factors, including market conditions and neighborhood dynamics, on the speed at which properties are bought and sold in different areas.
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.
South of market’s Community Spirit and Lifestyle Treasures
Though South of Market is a bustling city, the locals create a friendly atmosphere for them to reside. The neighborhood’s eclectic mix of cafes, galleries, and tech startups provides ample opportunities for socializing and networking. Locals here greet each other with smiles and open arms, contributing to the area’s reputation as a friendly destination within the city.
Despite being located in the urban landscape, South of Market exudes vibrant residential charm. The area offers a blend of historic architecture and modern living. It offers the locals a diverse array of housing options, from converted warehouses and loft-style apartments to sleek condominiums and townhouses. Its streets are adorned with historic Victorian and Edwardian homes.
The South of Market (SoMa) boasts a vibrant culinary scene. Among its hidden gems is 1601 Bar & Kitchen, offering delightful Sri Lankan-inspired cuisine. For lovers of Roman pasta, 54 Mint Ristorante stands out. Meanwhile, Alexander’s Steakhouse is influenced by Japanese cuisine, while Marlowe is renowned for its signature burger, while Prospect, ROOH, Town Hall, Press Club, and Dirty Habit offer a range of culinary delights.
South of Market embodies a rich tapestry of cultural and arts integration. It serves as a hub for expression with numerous art galleries, theaters, and cultural institutions. You will witness the vibrant street art adorning building facades to the avant-garde performances at renowned venues like Yerba Buena Center for the Arts.
South of Market pulsates with an array of community events. It hosts lively street festivals celebrating local arts and culture, community clean-up initiatives, and neighborhood block parties. Residents also gather to enjoy outdoor concerts in public parks, food festivals, and art walks.
South of Market prioritizes safety and well-being through various initiatives and community efforts. The local authorities and organizations work diligently to ensure the safety of residents. Increased police presence and neighborhood watch programs contribute to a sense of security, while community centers and support services offer resources for those in need.
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About Haley Zhao
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