While San Francisco is often associated with high home prices, there are affordable housing opportunities that highlight the city’s efforts to make homeownership more accessible. Below are some of the least expensive homes sold in 2024, showcasing a variety of Below Market Rate (BMR) properties that provided first-time homebuyers a chance to own in the city.
1220 La Playa St #308 | Outer Sunset | $213,389
1220 La Playa St #308, San Francisco, CA 94122
2 Bedrooms | 1 Bathroom | 854 Sq Ft
This two-bedroom unit in the Outer Sunset neighborhood offered an affordable option for eligible buyers. Designed for those with incomes at 120% of the Area Median Income (AMI), the property came with a light-filled living space and modern conveniences. Buyers were required to complete the application process through the Mayor’s Office of Housing and Community Development (MOHCD). Open house events in March 2022 allowed prospective homeowners to explore this opportunity.
4800 3rd St #201 | Bayview | $216,000
4800 3rd St #201, San Francisco, CA 94124
1 Bedroom | 1 Bathroom | 712 Sq Ft
This one-bedroom condo in Bayview was available to first-time buyers earning 100% or less of the AMI. Though no open houses were held due to public health concerns, the listing remained accessible through the DAHLIA housing portal. Its location near public transit made it a practical choice for city living.
195 7th St #302 | South of Market | $235,000
195 7th St #302, San Francisco, CA 94103
0 Bedrooms | 1 Bathroom | 320 Sq Ft
Located in the heart of SoMa, this sunny studio provided a compact but efficient living space. The corner unit featured stainless steel appliances, hardwood flooring, and a shared rooftop deck with sweeping city views. Residents also benefited from additional storage options and nearby leased parking. Its proximity to public transportation made daily commutes straightforward and convenient.
201 Harrison St #117 | South Beach | $245,794
201 Harrison St #117, San Francisco, CA 94105
1 Bedroom | 1 Bathroom | 658 Sq Ft
This one-bedroom home in the South Beach neighborhood was designated for buyers earning 80% or less of the AMI. The unit came with modern amenities and was listed through MOHCD’s DAHLIA portal. Applications and supporting documents were due by mid-February 2024, ensuring the process was clear and structured for potential homeowners.
60 Ora Way #103H | Diamond Heights | $280,000
60 Ora Way #103H, San Francisco, CA 94131
1 Bedroom | 1 Bathroom | 409 Sq Ft
Located in Twin Peaks, this studio offered an affordable option for buyers at 120% of the AMI. With a practical and open design, it provided a comfortable living space. Applications were submitted through the DAHLIA portal, with a deadline of June 20, 2024, for buyers to complete the requirements.
31 Page St #502 | Hayes Valley | $299,000
31 Page St #502, San Francisco, CA 94102
1 Bedroom | 1 Bathroom | 506 Sq Ft
This one-bedroom condo in Hayes Valley represented a unique chance for buyers at 80% or less of the AMI. The property featured a comfortable layout and easy access to some of San Francisco’s most sought-after amenities. Applications were handled through MOHCD, with a fair housing approach ensuring equitable access for all.
These properties highlight the diverse opportunities for affordable housing in San Francisco. With the support of programs like MOHCD’s BMR housing initiative, eligible first-time buyers had the chance to achieve homeownership in one of the country’s most competitive real estate markets. While the application process may require preparation, these sales demonstrate that it is possible to find affordable options within the city.