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SF Mayor Approves Tall-Building Rezoning Amid $4k Rents

6/12/2026

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Summary

Story summary

San Francisco Mayor Daniel Lurie signed a rezoning law that permits taller, multi-unit buildings.
Zumper reported median rents of $4,000 for one-bedrooms and $5,500 for two-bedrooms, the nation’s highest, while eviction hearings hit a 10-year high in 2025.
Luxury home prices rose 13.6 % since ChatGPT launched in 2022, while prices in affordable neighborhoods fell 3.8 %.
Only 6 % of listings are affordable for a median household income of $162,000.

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Story summary

San Francisco Mayor Daniel Lurie signed a rezoning law that permits taller, multi-unit buildings.
Zumper reported median rents of $4,000 for one-bedrooms and $5,500 for two-bedrooms, the nation’s highest, while eviction hearings hit a 10-year high in 2025.
Luxury home prices rose 13.6 % since ChatGPT launched in 2022, while prices in affordable neighborhoods fell 3.8 %.
Only 6 % of listings are affordable for a median household income of $162,000.