South Of Market Homes under $400,000

South Of Market Homes under $400,000

Welcome to the vibrant South of Market (SoMa) neighborhood, a dynamic enclave nestled in the heart of San Francisco, California. Known for its eclectic mix of modernity and history, SoMa is a hub of innovation and creativity, making it one of the most sought-after areas in the city. With its proximity to downtown San Francisco, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, as well as a thriving tech scene that attracts professionals from around the globe.

SoMa is characterized by its stunning architecture, ranging from historic warehouses transformed into chic lofts to sleek, contemporary condominiums. One of the most exciting aspects of this neighborhood is the availability of homes priced under $400,000, making it an attractive option for first-time homebuyers and those looking to invest in the bustling San Francisco real estate market. These homes often come with unique features, such as open floor plans, high ceilings, and easy access to the neighborhood's vibrant culture.

Residents of SoMa also enjoy a wealth of parks and recreational spaces, including the popular South Beach Park and the picturesque waterfront along the Embarcadero. With a rich arts scene, including galleries, theaters, and live music venues, there's always something to explore.

Whether you’re a young professional, an artist, or someone seeking a lively community, SoMa offers an unparalleled urban lifestyle with homes that fit a variety of budgets. Discover your perfect home in this exciting neighborhood and embrace the best that San Francisco has to offer!

Newest South Of Market Homes under $400,000

395 6th Street Unit 408B, San Francisco
$369,000
1 Beds ⋅ 1 Baths ⋅ 426167602 MLS
OCTOBER SPECIAL! Priced $9,468 below City guidelines. Below Market Rate ownership homes at RENOU, San Francisco's only new construction BMR opportunity. This bright, airy studio features an open-concept layout that maximizes space, a quiet location, air conditioning, and smart entry. An attended lobby brings a welcoming, elevated sense of care each day, while the rooftop terrace offers a place to unwind or entertain with unparalleled views of the city skyline. Parking is available for an additional cost and is not included in the listed home price, ask for details. Applicants must be first-time homebuyers and cannot exceed 100% of MOHCD's 2025 Area Median Income: 1 person: $109,100, 2 persons: $124,700, 3 persons: $140,250, 4 persons: $155,850. Homes are offered through the Mayor's Office of Housing and Community Development and are subject to monitoring and other program requirements. Visit the 395 6th Street listing on DAHLIA to apply and review program details.

395 6th Street Unit 408B, San Francisco
140 South Van Ness Avenue Unit 437, San Francisco
$309,000
1 Baths ⋅ 426158807 MLS
Spacious studio with separate sleeping alcove in prime central location close to Hayes Valley, Mission District, shopping, restaurants, public transportation and freeway. Enjoy all the amenities this modern building offers 24/7 gym, courtyard with BBQ area, conference room, secure package area. TEMPORARY WAIVERS apply to this unit: must not exceed 120% of the area median income, can have asset test excluded, can complete the Homebuyer education after applying, can make a down payment more than 50% of the sales price. Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $113,450; 2 = $129,700; 3 = $145,900; 4= $162,100; 5= $175,050, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application 9-2-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 9-23-2026 at 5:00 PM. Fair Housing Opportunity.

140 South Van Ness Avenue Unit 437, San Francisco
520 Natoma Street Unit 7, San Francisco
$285,000
1 Baths ⋅ 426158270 MLS
Tired of competing for San Francisco rentals? It might be time to own instead. Bright, charming, and exceptionally well laid out, Residence #7 at 520 Natoma makes smart use of every square foot. Set within a classic 12-unit Edwardian building, this studio lives larger than its footprint, with a separate eat-in kitchen and a well-defined living and sleeping area framed by a sun-filled bay window. Tall ceilings, crown molding, and abundant natural light give the main living space an airy feel, while the bay window creates the perfect spot for a reading nook, workspace, or morning coffee. The separate kitchen offers full-size stainless steel appliances, ample cabinetry, and room for dining, while the updated bathroom features a shower over tub. A generous closet provides additional storage. Residents also enjoy access to a shared community room with a pool/ping pong table and wet bar, shared patio, laundry, and bike storage. Ideally situated in the heart of SoMa with convenient access to downtown, Salesforce Park, restaurants, shopping, cultural destinations, public transportation, and freeways. An inviting first home, pied--terre, or San Francisco home base with a layout that truly makes the most of its space.

520 Natoma Street Unit 7, San Francisco
788 Minna Street Unit 203, San Francisco
$360,000
1 Beds ⋅ 1 Baths ⋅ 426157334 MLS
1-bedroom Below Market Rate (BMR) housing opportunity available at 90% Area Median Income (AMI). Maximum income for 1 person = $98,200; 2 = $112,250; 3 = $126,250, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. The unit will be available on a first come first served basis starting on 10/29/2025 at 8:00 AM PST. Please visit https://housing.sfgov.org/list- ings/a0W7y000009ZPnxEAG to view the listing and for application & program info. FAIR HOUSING OPPORTUNITY.

788 Minna Street Unit 203, San Francisco
1400 Mission Street Unit 907, San Francisco
$399,000
1 Beds ⋅ 1 Baths ⋅ 426151833 MLS
1 bedroom in great central location. Close to public transportation, shopping, and leased parking may be available. Temporary waivers apply to this unit such as 20% higher than posted AMI limit, may put down more than 50%, Etc. Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $113,450; 2 = $129,700; 3 = $145,900; 4 = $162,100 5 = $175,050, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 8-7-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 8-28-2026 at 5:00 PM. Fair Housing Opportunity.

1400 Mission Street Unit 907, San Francisco
500 4th Street, San Francisco
$235,000
426149677 MLS
The Hotel Utah Saloon is a historic San Francisco landmark where craft drinks, house-made food, and live music come together in a one-of-a-kind SoMa gathering place. Built in 1908 and known for its long-running open mic and live music scene, it offers guests an authentic mix of neighborhood character, creative energy, and timeless charm

500 4th Street, San Francisco
1400 Mission Street Unit 212, San Francisco
$355,747
1 Beds ⋅ 1 Baths ⋅ 426148007 MLS
1 bedroom in great central location. Close to public transportation, shopping, and leased parking may be available. Temporary waivers apply to this unit such as 20% higher AMI limit, may put down more than 50%, Etc. Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $113,450; 2 = $129,700; 3 = $145,900; 4 = $162,100 5 = $175,050, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 7-24-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 8-17-2026 at 5:00 PM. Fair Housing Opportunity.

1400 Mission Street Unit 212, San Francisco
395 6th Street Unit 203A, San Francisco
$397,159
1 Beds ⋅ 1 Baths ⋅ 426147421 MLS
October Special! 1 Year of HOA Dues Paid by Developer. Below Market Rate ownership homes at RENOU, San Francisco's only new construction BMR opportunity. This one-bedroom is set within the building's quiet interior courtyard, offering a heightened sense of privacy and tranquility. It is the only remaining home featuring an oversized private patio, extending the living experience outdoors. Inside, the open layout maintains a strong sense of flexibility, allowing the space to adapt easily to daily living, entertaining, or working from home. Paired with an attended lobby and a rooftop terrace above the city, creating a home designed for how San Francisco lives today. Studio, one-bedroom, and two-bedroom homes are available. - Without parking: priced from $346,899 - $470,707 - With parking: priced from $381,208 - $519,730 Three stacker parking spaces are available to BMR buyers on a first-come, first-served basis by application rank. Parking is offered at an additional cost; the listed home price does not include parking. Buyers should inquire about pricing and availability. Applicants must be first-time homebuyers and cannot exceed 100% of MOHCD's 2025 Area Median Income: 1 person: $109,100, 2 persons: $124,700, 3 persons: $140,250, 4 persons: $155,850. Homes are offered through the Mayor's Office of Housing and Community Development and are subject to monitoring and other program requirements. Visit the 395 6th Street listing on DAHLIA to apply and review program details.

395 6th Street Unit 203A, San Francisco
395 6th Street Unit 214A, San Francisco
$299,000
1 Baths ⋅ 426145681 MLS
October Special! Priced $47,000 below City guidelines, plus 1 Year of HOA Dues Paid by Developer. Below Market Rate ownership homes at RENOU, San Francisco's only new construction BMR opportunity. This bright, airy studio features an open-concept layout that maximizes space, a quiet location, air conditioning, and smart entry. An attended lobby brings a welcoming, elevated sense of care each day, while the rooftop terrace offers a place to unwind or entertain with unparalleled views of the city skyline. Parking is available for an additional cost and is not included in the listed home price, ask for details. Applicants must be first-time homebuyers and cannot exceed 100% of MOHCD's 2025 Area Median Income: 1 person: $109,100, 2 persons: $124,700, 3 persons: $140,250, 4 persons: $155,850. Homes are offered through the Mayor's Office of Housing and Community Development and are subject to monitoring and other program requirements. Visit the 395 6th Street listing on DAHLIA to apply and review program details.

395 6th Street Unit 214A, San Francisco
1160 Mission Street Unit 1105, San Francisco
$393,503
1 Beds ⋅ 1 Baths ⋅ 426142521 MLS
Spacious, modern with great views at the luxurious SOMA Grand with boutique hotel amenities. Leased parking available. SFMOHCD Temporary Waivers apply allowing 20% higher AMI, asset test waived, homebuyer education after applying, DP can be 50% or more. 1 bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $113,450; 2 = $129,700; 3 = $145,900; 4 = $162,100; 5 = $175,050 etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 6-26-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on July 17th at 5:00 PM. Fair Housing Opportunity.

1160 Mission Street Unit 1105, San Francisco
140 South Van Ness Avenue Unit 341, San Francisco
$386,204
1 Baths ⋅ 426123644 MLS
Studio Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $109,100; 2 = $124,700; 3 = $140,250; 4 = $155,850, etc. Must be 1st-time homebuyer & income eligible. TEMPORARY BUYER ELIGIBILITY WAIVERS: Increase in Qualifying AMI (120% for this unit); Removal of First-Time Homebuyer Requirement: Buyers will no longer be required to be first time homebuyers; Exclusion of Income from Assets: Income derived from assets may be excluded in the eligibility calculation; Flexibility in Homebuyer Education: The required first-time homebuyer education course may be completed after the initial application submission; Reduced Financing Requirements: Minimum financing requirements for buyers may be lowered to assist eligible buyers. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. The unit will be available on a first come first served basis starting on 6/3/2026 at 8:00 AM PST. Please visit: https://housing.sfgov.org/listings/a0W7y00000H4RKnEAN to view the listing and for application & program info. Fair Housing Opportunity.

140 South Van Ness Avenue Unit 341, San Francisco
1400 Mission Street Unit 709, San Francisco
$388,000
1 Beds ⋅ 1 Baths ⋅ 425068028 MLS
1 bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $109,100; 2 people = $124,700; 3 people = $140,250; 4 people = $155,850; 5 people = $168,300. Must be 1st-time homebuyer & income eligible. Exceptions may be granted due to Buyers Temporary Eligibility Waivers being applicable. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal https://housing.sfgov.org) starting on the application date of 09/22/2025. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 10/13/25 at 5:00pm. Permitted street parking with City issued sticker. Secure parking available for rent. Well designed, light-filled, 1 bedroom 1 bath BMR condo with plenty of space. Minutes walk from the Bart and convenient access to SFO, OAK and all the Bay Area has to offer. This secured building offers a full time lobby attendant, 2 open green spaces, and a locked bike room. This is a Fair Housing Opportunity

1400 Mission Street Unit 709, San Francisco
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