Real Estate

San Francisco one-bedroom rent dropped 20% from Sept. 2019 to 2020

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Jamie Johnson, of San Francisco, takes his lunch at Embarcadero as smoky skies from the northern California wildfires casts a reddish color in San Francisco, Calif., on Wednesday, Sept. 9, 2020.

Ray Chavez | MediaNews Group | Getty Images

Rent prices continued to plunge across the U.S. last month, with San Francisco leading the decline, according to data from Zumper, a real-estate start-up. 

The median rent for a one-bedroom apartment in San Francisco dropped more than 20% from a year ago, to $2,830, according to the report. That’s the largest decline the company has recorded. Month-to-month, the price of a median one-bedroom in the city dropped nearly 7%, according to Zumper. 

Zumper CEO…



Source cnbc.com

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