San Diego, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

San Diego, CA Housing Market Trends

With 1,423,851 people, 507,580 houses or apartments, and a median cost of homes of $664,719, real estate costs in San Diego are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in San Diego, accounting for 44.43% of the city's housing units. Other types of housing that are prevalent in San Diego include large apartment complexes or high rise apartments ( 37.05%), row houses and other attached homes ( 10.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.11%).

People in San Diego primarily live in small (one, two or no bedroom) single-family detached homes. San Diego has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in San Diego built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in San Diego built between 1940-1969 ( 28.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.18%). There's also some housing in San Diego built before 1939 ( 6.65%).

San Diego Home Appreciation Rates

In the last 10 years, San Diego has experienced some of the highest home appreciation rates of any community in the nation. San Diego real estate appreciated 77.37% over the last ten years, which is an average annual home appreciation rate of 5.90%, putting San Diego in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Diego definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, San Diego's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, San Diego's appreciation rate has been 1.83%, which annualizes to a rate of 7.52%.

Relative to California, our data show that San Diego's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within San Diego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Diego - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best San Diego real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$664,719

San Diego, CA HOME PRICES

> $1,192,000
11.6%
11.6%
$894,001 - $1,192,000
12.8%
12.8%
$596,001 - $894,000
29.3%
29.3%
$477,001 - $596,000
17.8%
17.8%
$358,001 - $477,000
15.0%
15.0%
$239,001 - $358,000
7.4%
7.4%
$119,001 - $239,000
3.1%
3.1%
$60,001 - $119,000
1.1%
1.1%
$0 - $60,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
507,580

San Diego Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
164.73% 4.75%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,629 / per month

Homeownership Rate

Owners
45.6%
45.6%
Renters
54.4%
54.4%
Vacant
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.2%
14.2%
1970 - 1999
50.2%
50.2%
1940 - 1969
28.9%
28.9%
1939 or Older
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
44.4%
44.4%
Townhomes
10.3%
10.3%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
37.1%
37.1%
Mobile Homes
1.1%
1.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.1%
5.1%
1 Bedroom
18.0%
18.0%
2 Bedrooms
32.0%
32.0%
3 Bedrooms
25.9%
25.9%
4 Bedrooms
14.9%
14.9%
5 or more bedrooms
4.1%
4.1%
0.0% 100.0%
% OF HOMES