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24/7 Wall St.: 6 Cities Where Rents Are Skyrocketing

2. San Francisco, Calif.

Change in rent: +13.2
Change in sales price: -0.5 percent
Price drop from peak: -22.1 percent
Job growth, 1 year: +2.92 percent

The increasing popularity of the San Francisco real estate market is extremely lopsided. List prices for homes actually fell 0.5 percent in the past 12 months. Meanwhile, rent prices increased 13.2 percent — the second-largest increase in the country. The number of employed people in the city grew just shy of 3 percent in the past year, the seventh-highest rate in the country.

(AP Photo)

More From 24/7 Wall Street:
The States With The Most Homes In Foreclosure
The Ten Most And Least Affordable Cities To Buy A Home
Nine Countries Where Unemployment Does Not Exist



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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