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Tuesday, December 9, 2014

San Francisco is Number One on the Naughtiest Cities List in America for Renters

Posted By on Tue, Dec 9, 2014 at 8:00 AM

Here we are... on the naughty list. - SHUTTERSTOCK/STEPHEN FINN

San Francisco chose the wrong time of year to be naughty.

With Christmas just two weeks away, the last thing Santa Claus needs is a reason to triple-check his list before takeoff on his merry sled. Unfortunately, the tattletales at Rent.com took it upon themselves to ruin Christmas in San Francisco and announce to the whole world that we’ve been naughty where it hurts the most: our wallets.

Expect plenty of coal this holiday season.

The rental site declares San Francisco the naughtiest city in America for renters. The statement itself is nothing new but the study’s breakdown is definitely void of yuletide cheer.

According to the study, a city is naughty if its rental vacancy rates go well below the national average of 7.4 percent. Couple that with high median rental rates and you have San Francisco as the victor. The proof is in the numbers below:

• Rental Vacancy Rate: 3.2%
• Median Rent 1BR: $3,125
• Median Household Income: $73,802

At least we’ll have plenty of coal to keep us warm, right? Below is the full list of naughty:

1. San Francisco, CA
2. Ventura, CA
3. New York, NY
4. San Jose, CA
5. Los Angeles, CA
6. Denver, CO
7. Honolulu, HI
8. Boston, MA
9. Seattle, WA
10. Portland, OR

And here’s the full list of nice:

1. Dayton, OH
2. Tucson, AZ
3. Memphis, TN
4. Las Vegas, NV
5. Indianapolis, IN
6. Jacksonville, FL
7. Kansas City, MO
8. Akron, OH
9. Birmingham, AL
10. Cleveland, OH

Notice how California has three cities in the naughty list while high-of-40-something-degrees Ohio has three cities in the nice list? Here are the stats for the nicest of them all:

• Rental Vacancy Rate: 16.5%
• Median Rent: $565
• Median Household Income: $28,595

We're sure you'll get everything you wanted for Christmas, Dayton. And enjoy the average high of 36-degrees all January long! 

For events in San Francisco this week and beyond, check out our calendar section. Follow us on Twitter at @ExhibitionistSF, Jonathan at @jonramos17, and like us on Facebook.
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Jonathan Ramos

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