Neighborhoods
San Francisco
San Francisco is a central district of Panama City that blends residential living with commercial activity around Parque Omar. Its mix of mid-rise apartments and houses, combined with easy connectivity, makes it a practical choice for buyers who want to be close to everything without giving up green space.
As of July 2026, resale in San Francisco has a median of $2,038/m² (405 listings), representative new construction runs about $2,600/m², a rental apartment yields ~7.5% gross per year — per the Vaca Group Residential Market Study (2026-Q3).
- New construction
- $2,600/m²
- Resale (median)
- $2,038/m²405 active listings
- Rent
- $11.61/m²/month
- Gross annual yield
- 7.5%
- Vacancy
- 4–6%
Data updated: July 2026 · Vaca Group Residential Market Study
See all San Francisco data ↓Lifestyle
Daily life in San Francisco centers on Parque Omar, the city's main green lung, with trails, a library and sports areas. Restaurants, supermarkets, clinics and schools are all close by, and major roads connect you to the rest of the city. Panamanian families, professionals and expat residents live side by side.
The real estate market
The stock is mostly mid-rise apartments and houses, generally priced more accessibly than waterfront areas such as Costa del Este or Punta Pacífica. Long-term rental demand from professionals and families is solid, which works well for buy-to-rent investors seeking a central, well-connected location.
Market data
The San Francisco market, in numbers
Data updated: July 2026
- New construction · $/m²
- $2,600representative project (asking)
- Resale · median $/m²
- $2,038405 active listings
- Rent · $/m²/month
- $11.61
- Gross rental yield
- 7.5%2-bedroom apt. · annual
- Vacancy
- 4–6%
- New-build premium vs. resale
- +32%estimate †
Absorption speed: Mid-speed, inside the $180–300K sweet spot: the market's fastest-turning bracket†
Its market corridor
Banking District (San Francisco · Obarrio · Bella Vista)
| $/m² | 2-bed (sale) | Rent/mo | Gross yield | Vacancy |
|---|---|---|---|---|
| $2,400–2,700 | $210,000–280,000 | $1,350–1,700 | 7.3–9.5% | 4–6% |
Highest liquidity and yields; local and rental demand.
Reference new-construction price by area (USD/m²)
† Vaca Group estimate: Panama publishes no absorption series by district.
Properties in San Francisco
Frequently asked questions
- Why invest in San Francisco?
- San Francisco offers a central location, steady rental demand from local professionals and families, more accessible pricing than waterfront areas, and strong connectivity, making it attractive for buy-to-rent investors.
- What types of property are available in San Francisco?
- San Francisco is dominated by mid-rise apartments alongside some houses, with options both to live in and to rent out.
- Can a foreigner buy in San Francisco?
- Yes. A non-resident foreigner can buy in San Francisco on the same terms as a Panamanian; for local financing, banks typically require around 30% down.
- How much does a square meter cost in San Francisco (2026)?
- In San Francisco, representative new construction runs about $2,600/m² and resale has a median of $2,038/m² (405 active listings). Data as of July 2026 from Vaca Group's Residential Market Study, based on portal and ACOBIR MLS listings (asking prices) plus Convivienda and Galería Inmobiliaria figures.
- What rental yield does an apartment in San Francisco produce?
- An apartment in San Francisco generates a gross rental yield of about 7.5% per year, with estimated vacancy of 4–6%. Net yield typically lands 1.5–2 points lower after HOA fees and taxes. Data as of July 2026 from Vaca Group's Residential Market Study, based on portal and ACOBIR MLS listings (asking prices) plus Convivienda and Galería Inmobiliaria figures.
Nearby neighborhoods