According to the latest statistics and trends, the high cost of living in San Francisco is one of the main reasons why many people are leaving the city. If you're looking for some cheap real estate in one of the nearby towns, you can find plenty of relatively affordable housing in Hayward. According to Niche, about 60% of all listings in the city are in the $400-$749k price range, making its median home value of $581,000 relatively inexpensive for the region. With a median rent price of $1,800 and a third of all rentals being in the $1,500-$1,999 range, finding cheap renting options shouldn't be a problem. Since both options are relatively affordable, the number of owners and renters in the city is approximately the same.