Rents Up, Vacancies Down – Music to Lender’s Ears – How Much for a Place in San Francisco?

By Rob Chrisman

Posted To: Pipeline Press

Today is Lei Day in Hawai’i. I guess Zillow doesn’t consider Honolulu a “Metro Area”. Recently Zillow Research analyzed property taxes in the “largest metro areas” across the U.S., not including places like Honolulu (population 375k) but including places with fewer people like St. Louis or Pittsburgh. (I am sure their analysts have a reason.) To compare property taxes among a variety of areas, Zillow calculated the median property tax for single-family homes by county in 2013 and then created an inferred tax rate, dividing the median tax paid by the median home value in the country to compare tax burdens nationwide . The cities with the most expensive property taxes include areas in New York City where taxes are more than 2 percent of a home’s value. Did someone say, “Rent is going to drive…(read more)

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