San Diego, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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San Diego, CA Real Estate Data

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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

San Diego Housing Market Information

With 1,419,516 people, 497,189 houses or apartments, and a median cost of homes of $615,140, 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 45.14% of the city's housing units. Other types of housing that are prevalent in San Diego include large apartment complexes or high rise apartments ( 36.20%), row houses and other attached homes ( 9.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.83%).

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 ( 29.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.47%). There's also some housing in San Diego built before 1939 ( 6.88%).

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 59.72% over the last ten years, which is an average annual home appreciation rate of 4.79%, 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.

Appreciation rates are so strong in San Diego that despite a nationwide downturn in the housing market, San Diego real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Diego appreciation rates continue to be some of the highest in America, at 8.04%, which is higher than appreciation rates in 79.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Diego. San Diego appreciation rates in the latest quarter were at 1.19%, which equates to an annual appreciation rate of 4.86%.

Relative to California, our data show that San Diego's latest annual appreciation rate is lower than 60% 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:
$615,140

San Diego, CA HOME PRICES

Value Range
> $1,278,000 8.8
$959,001 - $1,278,000 10.0
$639,001 - $959,000 25.1
$511,001 - $639,000 17.5
$383,001 - $511,000 18.4
$256,001 - $383,000 11.4
$128,001 - $256,000 5.0
$64,001 - $128,000 1.2
$0 - $64,000 2.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.62481751824818 33.9449541284404

Number Of Homes And Apartments:
497,189

San Diego Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
148.84% 4.85%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,288 / per month

Homeownership Rate

Homeownership
Owners 45.58
Renters 54.42
Vacant 6.89

Housing Market Details

 

Age of Homes

AGE OF San Diego HOMES
2000 or Newer 12.5
1970 - 1999 51.2
1940 - 1969 29.5
1939 or Older 6.9

Types of Homes

TYPE OF San Diego HOMES
Single-Family 45.1
Townhomes 9.7
Small Apt. Buildings 7.8
Apt. Complexes 36.2
Mobile Homes 1.1
Other 0.1

Home Size

SIZE OF San Diego HOMES
No Bedroom 4.36
1 Bedroom 18.12
2 Bedrooms 32.36
3 Bedrooms 26.27
4 Bedrooms 14.93
5 or more bedrooms 3.96