Downtown San Diego, San Diego, CA—92101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown San Diego, San Diego, CA
As of Oct '25, the median home price in Downtown San Diego, San Diego, CA is $740,000, with a year-over-year change of -7.7%. This indicates that home prices in Downtown San Diego, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $740,000 | -7.7% |
| Single Family | $859,000 | -5.8% |
| Condos | $728,000 | -8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $531,000 | -8.9% |
2 Bed | $873,000 | -7.5% |
3 Bed | $1,284,000 | -5.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown San Diego, San Diego, CA
As of July '25, Rentcast reports the average rent in Downtown San Diego, San Diego, CA is $3,220, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Downtown San Diego, San Diego, CA is studios: $2,350, 1-bedrooms: $2,920, 2-bedrooms: $4,190, 3-bedrooms: $5,230, 4-bedrooms: $4,980. The most common rental property sizes in Downtown San Diego, San Diego, CA are 1-bedroom and studio, accounting for 36.0% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,940 | $3,220 |
| Studio Rent | $2,270 | $2,350 |
| 1 Bed Rent | $2,800 | $2,920 |
| 2 Bed Rent | $3,850 | $4,190 |
| 3 Bed Rent | $4,540 | $5,230 |
| 4 Bed Rent | $2,950 | $4,980 |
% of Rental Stock
Property Listings — Downtown San Diego, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown San Diego, San Diego, CA is 48. This is a increase of 8.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $749,000 | -1.0% |
Listing Count | 315 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 48 | 8.0% |
Demographics — Downtown San Diego, San Diego, CA
As of the latest ACS Survey released in 2023, Downtown San Diego, San Diego, CA has a population of 48,200, which has increased by 22.5% over the past 5 years. Downtown San Diego, San Diego, CA is a less popular place for families, as children make up 4.2% of the population. The area has a highly educated workforce, with 57.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,200 | 22.5% |
% Under 18 | 4.2% | 7.7% |
% Seniors | 14.3% | -7.1% |
% WFH | 26.7% | 159.2% |
% w/ College Degree | 57.3% | 5.9% |
As of the latest ACS Survey released in 2023, Downtown San Diego, San Diego, CA is a predominantly white area, with 53.7% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Downtown San Diego, San Diego, CA is hispanic, making up 23.5% of the population. Foreign-born residents account for 19.2% of the population in Downtown San Diego, San Diego, CA, and this percentage has increased by 6.7% 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 | 53.7% | -9.7% |
% Black | 7.9% | -10.2% |
% Hispanic | 23.5% | 17.5% |
% Asian | 9.9% | 17.9% |
% Foreign Born | 19.2% | 6.7% |
Mortgage and Risk — Downtown San Diego, San Diego, CA
According to HUD data as of 2023, there were 458 mortgage originations in Downtown San Diego, San Diego, CA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Downtown San Diego, San Diego, CA. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 458 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Downtown San Diego, San Diego, CA
As of 2024, the percent of homes in Downtown San Diego, San Diego, CA under the Section 8 program is 13.6%. 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 Downtown San Diego, San Diego, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 3,141 |
Total Units Section 8 | 3,017 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 96.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $2,800 | $3,310 |
| 2 Bedroom | $250 | $3,850 | $4,100 |
| 3 Bedroom | $940 | $4,540 | $5,480 |
| 4 Bedroom | $3,720 | $2,950 | $6,670 |
Affordability — Downtown San Diego, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $740,000 |
| Median Household Income | $90,500 |