One of Daly City's greatest assets is its affordably priced and conveniently located quality housing. Many homes have spectacular views of the Pacific Ocean, the San Francisco Bay, or some of the most picturesque golf courses in the country, the Olympic Club-Lakeside, the San Francisco Golf Club, and Lake Merced Golf and Country Club.
Daly City has approximately 31,600 residential housing units according to the California Department of Finance. Of these units, slightly over 50% are single-family detached homes. according to the California Association of Realtors, the median home sale price in Daly City has averaged approximately $585,000 over the last six months of 2004. This is competitively lower than the median sales prices of $660,000 and $677,300 reported for San Mateo And San Francisco counties respectively over the same period.
According to public records, Daly City has approximately 6,900 apartment units that are studios, one-bedroom, or two-bedrooms. The estimated total stock of Daly City apartment units is less than 8,000, including units that are three-plus bedrooms. Over the last six months in 2004, asking rents have generally ranged from $850 to $1,250 per month for one-bedroom units and from $1,100 to $1,700 per month for most two-bedroom units.
Daly City has also been nationally recognized for promoting the safety of its existing housing supply through its award-winning Project Homesafe and its progressive second-unit/bonus housing ordinance. The ordinance encourages the legalization of owner-occupied homes with in-law/secondary units. Over 2,000 Project Homesafe permits have been issued since the beginning of the program.
Housing Rehabilitation Loan Program
The City also sponsors a housing rehabilitation loan program through its Department of Economic and Community Development. Since 1983, 430 loans/grants averaging $10,000 have been granted for home repairs and modifications.