MIGHTY BUILDINGS BLOG

Bay Area Residents Relocating In Large Numbers & Causing Pressure on the Housing Market

Bay Area Residents Relocating In Large Numbers & Causing Pressure on the Housing Market

As of November 2020, according to Zumper, “the median [rent for a] 1-bedroom [apartment]...in San Francisco has decreased 22.6%” from the previous year. Despite this rent decrease, a large number of Bay Area residents are leaving urban city life for the suburbs. Zumper claims 34% of outbound messages sent from Bay Area residents were to the Sacramento, Stockton, and Modesto areas. Among these individuals relocating are tech workers with work-from-home flexibility and enough money to take advantage of the currently-low interest rates. With more and more residents moving into these areas, there is a growing disparity between supply and demand for housing.

For low-income individuals on the other end of the spectrum, rent is still unaffordable and causing more and more individuals and families to live under one roof. While some opportunists are taking advantage of this short-term decrease in rent and moving back into the urban area - they are ultimately causing another influx in rent with their demand generation. 

This leaves us with the question: “Will the supply of housing ever match the demand?”

Roadmap to Accessible Housing


While we don’t know the answer to that question. We are making moves to address this disparity between the supply and demand for housing with the release of our Mighty Kit System. With our 3D-printing technology, we’re able to build homes that can be built twice the fast, with less cost, and more sustainable building materials.
Blog