If you plan on purchasing a home in San Francisco in the near future, start saving now.

According to a new analysis by HotPads, renters in San Francisco will spend over 31 years saving for a 20-percent down payment. 

Nationally, renters will spend nearly siz-and-a-half years saving for a down payment. 

The high cost of living in San Francisco makes it extremely difficult for renters to save.

Here are several key factors to look at: 

  • The median rent is $3,425 per month, up 3.5 percent since last year.
  • The median home value is $949,800, up 11.2 percent since last year, according to Zillow.
  • The typical renter spends almost 58 percent of their income on housing. Experts recommend limiting housing expenses to no more than 30 percent of income.

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