Mortgage Rates in San Francisco, California: 2026 Guide
Current mortgage rates in San Francisco, California. Average 30-year fixed: 6.55%. Median home price: $1,350,000.
Current Mortgage Rates in San Francisco
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.55% | 6.630% | $6,862/mo |
| 15-Year Fixed | 6.03% | 6.100% | $9,131/mo |
| 5/1 ARM | 5.93% | 6.280% | $6,427/mo |
* Based on a loan amount of $1080,000 with 20% down. Actual rates vary by lender, credit score, and loan terms.
Median Home Prices in San Francisco
The median home price in San Francisco is $1,350,000, significantly above the California state median of $775,000. Home prices vary dramatically by neighborhood, from the more affordable Outer Sunset and Richmond districts to the ultra-luxury markets of Pacific Heights and Sea Cliff. A typical 20% down payment on a median-priced home would be $270,000.
Cost of Living & Property Taxes
California’s property tax rate of 0.76% applies to San Francisco homeowners. Annual property taxes on a median-priced home would be approximately $10,260, or about $855 per month. While the tax rate is reasonable, the high home values mean substantial tax bills. Proposition 13 protects homeowners by capping annual assessment increases at 2%.
San Francisco Market Insights
San Francisco’s housing market continues to be shaped by the tech industry’s presence, with high salaries driving demand for housing in desirable neighborhoods. While remote work trends have softened demand somewhat since the pandemic peak, the city remains one of the nation’s most expensive markets. The median home price of $1,350,000 reflects the premium for Bay Area real estate. Buyers should be prepared for competitive bidding situations and consider expanding their search to adjacent neighborhoods or suburbs for more affordable options.