2015 Duplex and Fourplex Sales Stats

The Bay Area has seen some of the highest annual rent increases in the country. Despite a surge in apartment construction, rents are still projected to rise because housing is not keeping up with job growth. 

Here is why more people than ever are apartment hunting:

• Local job growth is bringing more people into the region
• Young people who have been living with their parents are increasingly finding jobs and moving out.
• Rising rents are taking a bigger bite out of the paycheck combined with rising house prices, are making it difficult for potential buyers to save up the down payment money.
• Many workers would rather rent close to work than purchase more affordable houses that require a long commute to work.
• Many millennials (18- to 34-year-olds) simply prefer renting.

Rent values are the primary driver behind appreciation in apartment building values. Here are sales statistics for duplexes and fourplexes sold in selected cites.  This table is based on information from the local MLS and therefore does not include sales that were not recorded in the MLS.  Information is believed to be accurate, but not guaranteed.