Fallbrook, CA—92028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fallbrook, CA
As of Oct '25, the median home price in Fallbrook, CA is $863,000, with a year-over-year change of -0.4%. This indicates that home prices in Fallbrook, CA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $863,000 | -0.4% |
| Single Family | $878,000 | -0.7% |
| Condos | $595,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $516,000 | -3.4% |
2 Bed | $650,000 | -1.5% |
3 Bed | $827,000 | -0.8% |
4 Bed | $986,000 | -0.4% |
| 5 Bed | $1,270,000 | 0.5% |
% of Housing Stock
Rental Trends — Fallbrook, CA
As of July '25, Rentcast reports the average rent in Fallbrook, CA is $3,100, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Fallbrook, CA is studios: $2,210, 1-bedrooms: $1,970, 2-bedrooms: $2,560, 3-bedrooms: $3,920, 4-bedrooms: $4,480. The most common rental property sizes in Fallbrook, CA are 2-bedroom and 1-bedroom, accounting for 49.9% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,980 | $3,100 |
| Studio Rent | $2,500 | $2,210 |
| 1 Bed Rent | $1,950 | $1,970 |
| 2 Bed Rent | $2,600 | $2,560 |
| 3 Bed Rent | $3,750 | $3,920 |
| 4 Bed Rent | $4,200 | $4,480 |
% of Rental Stock
Property Listings — Fallbrook, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fallbrook, CA is 64. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | -5.0% |
Listing Count | 233 | 30.0% |
| Listings as % of Homes | 0.8% | 30.0% |
Days on Market | 64 | 14.0% |
Demographics — Fallbrook, CA
As of the latest ACS Survey released in 2023, Fallbrook, CA has a population of 50,900, which has increased by 3.1% over the past 5 years. Fallbrook, CA is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 35.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,900 | 3.1% |
% Under 18 | 24.7% | 11.3% |
% Seniors | 19.6% | -1.5% |
% WFH | 13.0% | 42.9% |
% w/ College Degree | 35.4% | 13.5% |
As of the latest ACS Survey released in 2023, Fallbrook, CA is a predominantly white area, with 47.6% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Fallbrook, CA is hispanic, making up 42.2% of the population. Foreign-born residents account for 20.5% of the population in Fallbrook, CA, and this percentage has increased by 5.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.6% | -13.6% |
% Black | 1.9% | -13.6% |
% Hispanic | 42.2% | 11.1% |
% Asian | 4.2% | 68.0% |
% Foreign Born | 20.5% | 5.7% |
Mortgage and Risk — Fallbrook, CA
According to HUD data as of 2023, there were 1010 mortgage originations in Fallbrook, CA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Fallbrook, CA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,010 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Fallbrook, CA
As of 2024, the percent of homes in Fallbrook, CA under the Section 8 program is 3.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fallbrook, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 177 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,950 | $1,800 |
| 2 Bedroom | -$370 | $2,600 | $2,230 |
| 3 Bedroom | -$770 | $3,750 | $2,980 |
| 4 Bedroom | -$570 | $4,200 | $3,630 |
Affordability — Fallbrook, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $863,000 |
| Median Household Income | $102,000 |