A new report on housing prices in the Bay Area released Tuesday reveals an obvious trend: people are fleeing high-priced San Francisco for less expensive locations.
According to Realtor.com, the average price for a studio apartment in San Francisco has gone down 31% compared to last September.
That number represents the largest rent price drop for any county in the country, according to Realtor.com.
The monthly price for a one-bedroom in San Francisco has also gone down.
The average price is now $2,873, down 24.2% compared to last September.
Housing prices in San Mateo and Santa Clara counties, the heart of Silicon Valley, also took a dip in value.
The average price of a one-bedroom went down 12.5% and 12% respectively year over year. Read more via abc7news