News Briefs

Zumper: S.F. Apartment Rents Take Big Jump

A bit of news from real estate site Zumper brings two tidbits. First, there is a website called Zumper. Second, San Francisco one-bedroom apartment rents increased by 13.5 percent in 2014.

However, it wasn’t all upward. “Some of the most in-demand neighborhoods actually saw modest price drops this year,” reports Zumper. “For example Nob Hill (-6.3 percent), Russian Hill (-4.3 percent), the Marina (-1.4 percent), and Pacific Heights (-1.4 percent).” Huge price jumps elsewhere (topped by a giant 29.2 percent leap in Noe Valley rents) drove the city’s overall increase to that 13.5 percent.

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