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 October 2026, resale in San Francisco has a median of $1,911/m² (1171 listings), representative new construction runs about $2,450/m², a rental apartment yields ~8.26% gross per year — per the Vaca Group Residential Market Study (2026-Q4).
- New construction
- $2,450/m²
- Resale (median)
- $1,911/m²1171 active listings
- Rent
- $13.16/m²/month
- Gross annual yield
- 8.26%
- Vacancy
- 4–6%
Data updated: October 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
Own sample: October 22, 2026
- Resale · median $/m²
- $1,9111171 unique units
- p25–p75 range · sale
- $1,650–$2,283
- Rent · median $/m²/month
- $13.16472 units
- Gross yield
- 8.26%rent ÷ sale, per m²
- Estimated net
- 4.74%after vacancy, management, HOA and tax
- Unique inventory for sale
- 1,281
- Listings with a cut
- 12.9%
- New builds · $/m²
- $2,450110 pre-sale listings
By bedrooms (resale, median $/m² · n): 1: $2,260 (n=108) · 2: $1,950 (n=436) · 3: $1,847 (n=520) · 4+: $1,755 (n=101)
Resale: median asking price by area (USD/m², unique units)
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, resale has a median of $1,911/m² (1171 unique apartments on offer) and new construction runs about $2,450/m². Data as of October 2026 from Vaca Group's Residential Market Study (2026-Q4): own sample of active listings on Encuentra24, Compre o Alquile and the ACOBIR MLS, deduplicated; asking prices, not closings.
- What rental yield does an apartment in San Francisco produce?
- An apartment in San Francisco generates a gross rental yield of about 8.26% per year (median rent per m² over median resale price per m²), and an estimated net yield of 4.74% after HOA fees, one month of vacancy, management and property tax. Data as of October 2026 from Vaca Group's Residential Market Study (2026-Q4): own sample of active listings on Encuentra24, Compre o Alquile and the ACOBIR MLS, deduplicated; asking prices, not closings.
Nearby neighborhoods