San Francisco metro area has lost 31,000 home-owning families in 10 years

It’s no secret the San Francisco Bay Area can be a tough place to raise kids, and now a new report sheds light on those families sticking out.

Looking at data from the U.S. Census Bureau, RentCafe found the number of families with children who own their homes in the San Francisco metro area has dropped dramatically, while an increasing number are renting.

(Note: The metro area is defined as per the U.S. Census Bureau’s as San Francisco-Oakland-Hayward.)

Researchers at the apartment search site found a 10 percent decrease in homeowner families, meaning 31,000 fewer households with children within the metro area. On the flip side, there was a 33 percent jump across the 10-year period in families renting, with an increase of 57,000 renter households.

 

Read more at the SFGate

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