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San Diego real estate market overview
- Average Monthly Rent: $2,917
- Home Price/Value Percentage Change: -0.50%
- Median Home Value: $893,457
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 43
- Job Market: Fair
- Public School Ranking: 40
Location and weather
San Diego is a port city known as a beautiful place to live with a perfect climate and great outdoor living. Located in southern California, it's 120 miles southeast of Los Angeles and lies along the Pacific Ocean at San Diego Bay. It is just north of the Mexican border. The city has a landscape of broad mesas, canyons and valleys. It becomes hillier to the north in the La Jolla section and to the east with a line of mountains along the edge. There is so much to do in San Diego with the famous San Diego Zoo, USS Midway Museum, Balboa Park, Cabrillo National Monument and others. With the attractions and beauty of the port city, San Diego is a major tourist destination.
With a near perfect climate, San Diego's warm season is form July through September with high temperatures in the low 80's and evening lows in the mid 60's. During the cooler season, from the end of November to late March the high temperature is below 70 degrees and the lows are in the mid 40's.
Population, job market and cost of living
San Diego's population in 2023 is 1,410,791 with an annual growth rate of 0.57%.
The job market has decreased by -8.62% over last year. The ten-year job growth is predicted to be 34.94%. The major industries are in Health Care & Social Assistance, Scientific, Technical Services and Retail Trade. The major employers are Autoliv, Qualcomm, Kyocera Mobile, Petco Holdings Inc and Csi.
The cost of living is high due to the San Diego real estate market with high demand and high prices for homes. San Diego, as a port city on the west coast, has so much to offer. A temperate climate, many attractions and outdoor activities and a steadily growing job market will mean more people will continue to call San Diego home.
San Diego real estate market details
- Rancho Bernardo
- Carmel Valley
- Pacific Beach
- Kearny Mesa
- Serra Mesa
The average monthly rent in San Diego is $2,917 for an average apartment size of 873 sq. feet.
There has been a -0.5% decrease in median home value over the last year. As of 2023, the median home value is $893,457.
On average, homes in San Diego sell after 43 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in May.
The affordability index in San Diego is 160. This number indicates low affordability in this city.
The top ranked public schools are R. Roger Rowe Elementary School, Scripps Ranch High School, Spencer Valley Elementary School, Coronado High School and Jcs Mountain Oaks. This information is based on data measuring academic performance and equity.