access to housing

Silicon Valley, a region located in the southern part of the San Francisco Bay Area, is one of the most expensive regions to live in the United States, and many residents lack access to affordable housing. In 2018, the median home price across the area was $1.18 million, the highest of the 100 largest metro areas in the U.S. The growth of the technology industry in the area, including major companies like Google, Facebook, and Apple, is frequently cited as a major cause of the issue. There have been local efforts to address affordable housing, as well as state measures in response to housing issues across California (see California housing shortage).
Silicon Valley does not have concrete boundaries, and is defined differently by different organizations. Thus, housing initiatives and data often come from specific cities, counties, or metro areas, rather than the entire region. Statistics referencing the "Silicon Valley" refer to Joint Venture Silicon Valley's 2019 Index, which includes all of Santa Clara and San Mateo counties, as well as select cities in Alameda and Santa Cruz counties.

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