Where home prices are falling in the San Francisco area
Home values, 1-year change, September 2026 · Zillow ZHVI (Sep 2026) · updated 2026-11-15
Home values fell over the past year in 43 of the 156 ZIP codes in the San Francisco area with figures; the median change was +3.2%.
The largest fall was 8.0% in ZIP code 95391 (Mountain House, CA), and the tenth-largest was 2.9% in ZIP code 94545 (Hayward, CA).
Home values rose 3.1% across the San Francisco area and rose 1.2% nationally over the same 12 months.
Where home prices are falling in the San Francisco area: the first 30 of 43
| Rank | ZIP code | Home values, 1-year change | Typical home value | Rents, 1-year change |
|---|---|---|---|---|
| 1 | 95391Mountain House, CA | −8.0% | $848,000 | +1.2% |
| 2 | 94612Lake Merritt, Oakland, CA | −6.9% | $531,000 | +17.6% |
| 3 | 94568Dublin, CA | −5.5% | $1,229,000 | +6.3% |
| 4 | 94607Acorn-Acorn Industrial, Oakland, CA | −3.6% | $514,000 | +13.4% |
| 5 | 94551Livermore, CA | −3.4% | $963,000 | +3.8% |
| 6 | 94588Pleasanton, CA | −3.4% | $1,352,000 | +7.4% |
| 7 | 94621Fitchburg, Oakland, CA | −3.3% | $445,000 | +1.9% |
| 8 | 94544Hayward, CA | −3.2% | $804,000 | +3.0% |
| 9 | 94582San Ramon, CA | −3.0% | $1,665,000 | +6.3% |
| 10 | 94545Hayward, CA | −2.9% | $875,000 | +7.1% |
| 11 | 94583San Ramon, CA | −2.8% | $1,332,000 | +6.8% |
| 12 | 94560Newark, CA | −2.4% | $1,185,000 | +4.8% |
| 13 | 94566Pleasanton, CA | −2.3% | $1,644,000 | +6.9% |
| 14 | 94555Fremont, CA | −2.0% | $1,426,000 | +5.4% |
| 15 | 94587Union City, CA | −1.9% | $1,196,000 | +7.6% |
| 16 | 94603Brookfield Village, Oakland, CA | −1.9% | $508,000 | +1.4% |
| 17 | 94804Richmond, CA | −1.8% | $566,000 | +7.6% |
| 18 | 94538Fremont, CA | −1.7% | $1,254,000 | +6.4% |
| 19 | 94801Richmond, CA | −1.6% | $507,000 | +4.7% |
| 20 | 94541Hayward, CA | −1.4% | $760,000 | +4.4% |
| 21 | 94553Martinez, CA | −1.3% | $749,000 | +1.7% |
| 22 | 94580San Lorenzo, CA | −1.3% | $798,000 | – |
| 23 | 94601South Kennedy Tract, Oakland, CA | −1.3% | $553,000 | +5.9% |
| 24 | 94506Danville, CA | −1.2% | $1,983,000 | +3.5% |
| 25 | 94525Crockett, CA | −1.2% | $659,000 | – |
| 26 | 94509Antioch, CA | −1.0% | $536,000 | +0.4% |
| 27 | 94536Fremont, CA | −1.0% | $1,375,000 | +6.3% |
| 28 | 94550Livermore, CA | −1.0% | $1,196,000 | +6.6% |
| 29 | 94505Discovery Bay, CA | −0.9% | $774,000 | −2.1% |
| 30 | 94513Brentwood, CA | −0.9% | $782,000 | +4.5% |
- Under −1.0%
- −1.0% to +2.0%
- +2.0% to +4.0%
- +4.0% to +10.0%
- +10.0% or more
- Not ranked
More rankings for the San Francisco area
- Cheapest ZIP codes
- Most expensive ZIP codes
- Where home prices are rising fastest
- Cheapest rent by ZIP code
- Highest rent by ZIP code
- Where rents are rising fastest
- Richest ZIP codes (household income)
- Cheapest suburbs
- Most expensive suburbs
- Richest suburbs (household income)
- Largest suburbs (population)
- San Francisco metro area: all figures
Where home prices are falling in other metro areas
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Riverside, CA
- Detroit, MI
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- St. Louis, MO
- San Antonio, TX
- Austin, TX
- Portland, OR
- Sacramento, CA
- Pittsburgh, PA
- Las Vegas, NV
- Cincinnati, OH
- Kansas City, MO
- Columbus, OH
- Indianapolis, IN
- Nashville, TN
- Cleveland, OH
- San Jose, CA
- Virginia Beach, VA
- Jacksonville, FL
- Raleigh, NC
- Oklahoma City, OK
- Louisville, KY
- Memphis, TN
- Salt Lake City, UT
- Fresno, CA
- Birmingham, AL
Source and method
Home values, 1-year change: Zillow ZHVI (Sep 2026); figures for September 2026. ZIP codes with at least 1,000 residents and a published figure are ranked (156 of them in the San Francisco area). This page lists only the 43 where the figure fell. The metro area is the San Francisco-Oakland-Fremont, CA metropolitan statistical area. Place names for ZIP codes are the neighborhood or city the ZIP code mostly covers. Compiled by Home Economics.
Zillow's "typical" home value and rent are index values for the middle of the market (the Zillow Home Value Index and Observed Rent Index), not median sale prices or asking rents. One-year changes are over the 12 months to September 2026. Income and population come from the Census Bureau's American Community Survey and carry sampling error, most of all in small places.