San Diego Real Estate Market

Skyline and Boats, San Diego, CA

Here's an overview of the San Diego real estate market, with information on demographics, home values, neighborhoods and more.

San Diego has one of the nicest climates in the country, which is a big reason why people people want to live here. It's a large city, with around 1,270,000 residents.

Prices
As of March 2010, the median home sales price according to Zillow is $366,000 and $300,000 according to Cyberhomes. Median household income is around $79,000. Median property tax for those with mortgages is $3771.

San Diego has 49% renters, with 5% of houses sitting vacant. The median gross rent is $1209 and there's currently a 9.6% vacancy rate.

The People
Around 50% are married, and 10% divorced. 22% are married with kids, while 8% are single with kids.

Approximately 49% of residents consider themselves white non-hispanic, 25% hispanic, 12% other, 8% black and 6% Filipino.

Of the 26% foreign born residents, most come from Mexico, the Phillipines or Vietnam.

Around 32% have at least a bachelor's degree from college and 10% have at least a graduate degree.

The Houses
Houses here are newer than most of California, with the largest group built in the 1970s, the next largest in the 1980s and the third largest in the 1960s.

62% of homes are single family houses and 32% are condos.

The Neighborhoods
San Diego has a mix of neighborhoods as does any large city, and some of the better known include: City Heights, Golden Hill, Kensington, Hillcrest, Little Italy, Mission Hills, North Park, Normal Heights, Ocean Beach, and University Heights, to name just a few.

To search out some San Diego real estate, check below: