South of Market — known as SoMa to locals — is a large area that encompasses various neighborhoods with distinct personalities. Yerba Buena boasts the convention center and several museums, South Park holds the San Francisco Giants’ home ballpark within its borders and the intersection of 11th Street and Folsom is home to SoMa’s main nightlife district. Although it still bears signs of its industrial past from the Gold Rush period, SoMa is quickly becoming one of San Francisco’s trendiest areas, with lots of development happening in recent years.
The average sales price in SoMa is $942,199, with an average price per square foot of $949, which is considerably less than the median San Francisco home price of $1,130,000. It’s still considered an up-and-coming neighborhood, with many apartments, condominiums and lofts in older converted warehouse buildings, as well as brand new developments.
As the downtown area has grown and expanded into South of Market, it’s become the most valuable neighborhood in San Francisco. SoMa is a great neighborhood for employees of tech companies and startups, whether you work within walking distance or commute via CalTrain to the South Bay.
SoMa offers many entertainment and cultural venues. It’s home to some great museums, including the San Francisco Museum of Modern Art, the Yerba Buena Center for the Arts and the Contemporary Jewish Museum. It’s also where you’ll find AT&T Park, the home of the San Francisco Giants and the only ballpark where boaters can catch balls in the San Francisco Bay. The area around the ballpark has plenty of bars, restaurants and even a Ping-Pong club.
Folsom Street is known for its live music venues and nightclubs clustered around 11th Street, including Slim’s, DNA Lounge, Oasis and Holy Cow. It’s also where you’ll find a year round street food park, SOMA StrEat Food Park. While the neighborhood isn’t particularly known for parks, the largest open green space in the area is Yerba Buena Gardens, which hosts a festival with live entertainment in the summer.
Getting Around Town
For a neighborhood that was once traditionally more industrial than residential, SoMa offers a lot of advantages. It boasts supermarkets, big-box and warehouse stores and smaller shops. The transit options here vary: The Third Street light rail runs up from the ballpark around the Embarcadero and all the way to the foot of Market Street. There are plenty of bus lines connecting SoMa with all parts of the city. The neighborhood also has a CalTrain stop, which provides easy access to the peninsula and South Bay.
Keep in mind that SoMa isn’t the most family-friendly San Francisco neighborhood, with few parks and no playgrounds. Street fairs and ball games can wreak havoc on traffic and parking. On the plus side, it gets an A for housing, livability and weather from AreaVibes, and Eater says SoMa’s food in and drink scene is in its heyday.
All this makes South of Market a great neighborhood for singles and young couples, especially those who prefer a more urban lifestyle. If you want to have plenty of nightlife and entertainment options at your fingertips or be able to commute on CalTrain easily, SoMa is definitely an area to consider. Check out listings in the neighborhood at Owners.com.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Owners.com, Altisource or any other Altisource® business or entity. The foregoing content is not intended to constitute, and in fact does not constitute, financial, investment, tax or legal advice by the author, Owners.com, Altisource or any other business or entity.
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