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The 23 neighborhoods in San Francisco where you'd pay $1 million or more for a home

May 17, 2016, 04:53 IST

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San Francisco's housing market is, in a word, insane.

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Thanks to a perfect storm of interrelated factors - from a tangled web of city policies that prevent development to an influx of young tech workers who want to live in trendy areas - San Francisco doesn't have enough housing for everybody.

In fact, despite a dip in prices, the average price of a home in San Francisco in April 2016 was still $1.2 million dollars, says homebuying brokerage Redfin.

But there's a wide variety of neighborhoods in San Francisco, and some are pricier than others. And so, there are neighborhoods where even $1.2 million won't get you much.

Here are the 23 San Francisco neighborhoods, out of 50 total, where the median home price is $1 million or more, with data taken from Redfin's April 2016 report. Just keep in mind that those averages take homes and condos alike into account, so prices may seem a little lower in areas with lots of little apartments.

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Spoiler alert: The most expensive neighborhood in San Francisco had a median home price of $2,137,500.

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