San Francisco 2-4 Unit Apartment Building Market Q3 2025

San Francisco Population Trends since 2010 U.S. Census Estimates, July 1 st to July 1 st

Changes measured from July 1 st of previous year to July 1 st of labeled year.

877,471 879,676 878,826

874,826

871,343

875,000

863,237

2023 to 2024, the county saw negative domestic migration, positive foreign migration, and more births than deaths – to total a 1% increase.

850,918

850,000

839,695

828,963

827,526

825,000

819,151

815,694

815,498 814,176

805,519

800,000

Population changes are driven by domestic and foreign migration into and out of the county, and by natural causes, i.e. births less deaths. 2023 to 2024, the county saw negative domestic migration, positive foreign migration, and more births than deaths.

Pandemic hits ▲ Data pertaining to changes in rent rates, rental vacancy rates, and median household income indicates that the greatest loss of residents 2020-2021 was of tenants.

775,000

750,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Estimates as of July 1 of each year. 2020-2024 data published March 13, 2025 by U.S. Census. The Census often revises numbers in subsequent estimates. All numbers to be considered approximate.

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