Moderate Income Households and Housing in San Francisco Ted Egan, - - PowerPoint PPT Presentation
Office of the Controller Office of Economic Analysis City and County of San Francisco Moderate Income Households and Housing in San Francisco Ted Egan, Ph.D., Chief Economist Controllers Office of Economic Analysis September 19, 2011
Source: U.S. Census American Community Survey 2005- 9 5 year sample / IPUMS
24% 19% 16% 11% 26% 27% 16% 15% 10% 28% 0% 5% 10% 15% 20% 25% 30% Extremely/Very Low <50 Low (50
Moderate (80
Middle (120
Upper (150%)+
Distribution of Population by Household Incom San Francisco and Remainder of Bay Area,
Bay Area except S SF
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Source: U.S. Census American Community Survey 2005- 9 5 year sample / IPUMS
49% 66% 72% 76% 73% 45% 69% 76% 82% 80% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Extremely/Very Lo Low Moderate Middle Upper
Labor Force Participation Rates Adults by Household Income Categor
Not SF SF
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Source: U.S. Census American Community Survey 2005- 9 5 year sample / IPUMS
82% 78% 76% 73% 69% Extremely/Very Lo Low Moderate Middle Upper
Percent of Employed SF Residents who work in S By Household Income Category, 2005
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Typical Occupations 50% AMI Hotel Desk Clerk 60% AMI Medical Assistant 70% AMI Billing and Posting Clerks 80% AMI Cement Masons 90% AMI Bus & Truck Mechanics 100% AMI Legal Secretaries 110% AMI Compensation, Benefits, and Job Analysis Specialists 120% AMI Public Relations Specialists 140% AMI Clinical, Counseling, and School Psychologists 150% AMI Civil Engineers 160% AMI Dental Hygienists 170% AMI Software Developers, Systems Software 180% AMI Financial Analysts 190% AMI Pediatricians, General 200% AMI Dentists, General
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500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Production RHNA Needs
Annual San Francisco Housing Production
and Annual Needs per RHNA 2007
All Other Units Moderate Low Very Low
A unit is considered “affordable” for an income level if its asking rent is less than 33% of the monthly household income. Source for average San Francisco asking rent for 3-bedroom units: Craigslist.
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0% 25% 50% 75% 100% 125% 150% 2006 2007 2008 2009 2010 2011
% of 3BR Newly
Household, Varying Income Levels, 2006
150% of AMI 120% of AMI 80% of AMI 50% of AMI
“Maximum Affordable House” assumes 10% down, 90% mortgage financing at average mortgage rate for that year, with 33% of household income used for mortgage payments. Source for average San Francisco housing price for 3-bedroom units: Zillow.
0% 20% 40% 60% 80% 100% 120% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Maximum Affordable House, 4
as a Percentage of Average San Francisco 3BR P
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“Maximum Affordable House” assumes 10% down, 90% mortgage financing at average mortgage rate for that year, with 33% of household income used for mortgage payments. Source for housing prices for 3-bedroom units: Zillow.
0% 50% 100% 150% 200% 250% 300% 350% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Maximum Affordable House, 4
as % of Average 3BR Housing Prices in Selected Bay Area Co
Solano Alameda Santa Clara Marin San Francisco
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