San Francisco School District Asks Parents to Rent Spare Rooms to TEACHERS Because They Can’t Afford Soaring Housing Costs: The Average Price of a One-Bedroom Apartment Climbs 11% to $3,000 per month in the global tech capital
- Milpitas Unified School District near San Jose has 941 staff – and some of the highest rents in the country
- A one-bedroom apartment now costs an average of $3,017 – meaning even the highest paid teachers on $111,410 couldn’t afford the rent
- The lowest paid teachers, earning $67,163, could only rent an apartment worth up to $1,679 – impossible in the neighborhood
- Cheryl Jordan, superintendent of the Milpitas Unified School District, said rental costs put off prospective teachers
- The district asked parents to rent spare rooms to teachers: so far, 34 families have expressed an interest in helping
A San Francisco Bay Area school district has asked parents with a spare bedroom to consider renting it out to teachers, as the average cost of a one-bedroom apartment in the area is over $3,000. dollars per month.
The Milpitas Unified School District, which stretches on the outskirts of Silicon Valley from San Jose to Fremont, employs 941 people — but they’re struggling to keep teachers due to a scarcity of affordable housing.
Teachers in the district earn $67,163 to $111,410, meaning even the highest-earning teachers wouldn’t qualify for the $3,000-a-month rent in the tech capital.
Most landlords require a tenant to earn 40 times the monthly rent, which means the highest earner could rent a house worth $2,785, while landlords would rent an apartment worth the most. $1,679 to the lowest paid teachers.
Cheryl Jordan, superintendent of the Milpitas Unified School District, said rental fees put off prospective teachers.
“We’ve lost some employees that we tried to recruit because once they see how much it costs to live here, they determine it’s just not possible,” she said.
Milpitas Unified School District superintendent Cheryl Jordan called on parents to rent out their spare rooms to teachers
Milpitas, bordering Silicon Valley, is one of the most expensive areas in the country to live
The school district sent a message to parents through a school communication app, explaining that the district lost seven teachers last year to more affordable communities outside the area.
“So far, we’ve had 34 respondents who want to provide a bedroom or small space on their property for our educators if needed,” she said.
The district hopes to work with local agencies to provide low-interest home loans to teachers and city employees, and hopes to develop affordable housing.
The school board said economic factors and interest rates have added more than 25% to the cost of building new homes, further driving up the cost of renting.
Milpitas is in a particularly expensive enclave, with a one-bedroom apartment at $3,017 according to Rent Cafe.
Nearby Menlo Park – home to Facebook – is one of the most expensive neighborhoods in the country, with a bed at $4,158. The equivalent in San Francisco is $3,397 and in Los Angeles $2,734.
Manhattan recently overtook San Francisco, with a bedroom now costing an average of $4,265 a month – rising to $5,800 in Tribeca.
The average one-bedroom apartment in Milpitas is now $3,017