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Noe Valley was primarily built up at the end of the 19th century and at the beginning of the 20th century, especially in the years just after the 1906 San Francisco Earthquake. As a result, the neighborhood contains many examples of the "classic" Victorian and Edwardian residential architecture for which San Francisco is famous.
The neighborhood is primarily residential, although there is a bustling commercial strip along 24th Street, between Church Street and Castro Street.
Like many other San Francisco neighborhoods, Noe Valley started out as a working-class neighborhood for employees in San Francisco's once-thriving blue-collar economy, and their families. Also like other San Francisco neighborhoods, Noe Valley has since undegone successive waves of gentrification and is now considered a relatively upscale area. It is home to many urban professionals, particularly young couples with young children, and it is not unusual for a well-maintained house in Noe Valley to sell for a million dollars or more.