Hillcrest, San Diego, CA—92103
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hillcrest, San Diego, CA
As of Oct '25, the median home price in Hillcrest, San Diego, CA is $1,057,000, with a year-over-year change of -3.6%. This indicates that home prices in Hillcrest, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,057,000 | -3.6% |
| Single Family | $1,423,000 | -3.3% |
| Condos | $712,000 | -6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $532,000 | -4.5% |
2 Bed | $847,000 | -4.4% |
3 Bed | $1,515,000 | -3.3% |
4 Bed | $2,156,000 | -3.3% |
| 5 Bed | $2,651,000 | -3.5% |
% of Housing Stock
Rental Trends — Hillcrest, San Diego, CA
As of July '25, Rentcast reports the average rent in Hillcrest, San Diego, CA is $3,050, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Hillcrest, San Diego, CA is studios: $2,240, 1-bedrooms: $2,690, 2-bedrooms: $3,700, 3-bedrooms: $5,260, 4-bedrooms: $6,530. The most common rental property sizes in Hillcrest, San Diego, CA are 1-bedroom and 2-bedroom, accounting for 41.8% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,050 |
| Studio Rent | $2,300 | $2,240 |
| 1 Bed Rent | $2,500 | $2,690 |
| 2 Bed Rent | $3,300 | $3,700 |
| 3 Bed Rent | $5,000 | $5,260 |
| 4 Bed Rent | $6,800 | $6,530 |
% of Rental Stock
Property Listings — Hillcrest, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hillcrest, San Diego, CA is 45. This is a increase of 27.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,070,000 | -1.0% |
Listing Count | 112 | -2.0% |
| Listings as % of Homes | 0.3% | -2.0% |
Days on Market | 45 | 27.0% |
Demographics — Hillcrest, San Diego, CA
As of the latest ACS Survey released in 2023, Hillcrest, San Diego, CA has a population of 34,800, which has remained stable by -0.2% over the past 5 years. Hillcrest, San Diego, CA is a less popular place for families, as children make up 8.5% of the population. The area has a highly educated workforce, with 63.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,800 | -0.2% |
% Under 18 | 8.5% | -22.0% |
% Seniors | 21.0% | 17.3% |
% WFH | 22.9% | 108.2% |
% w/ College Degree | 63.3% | 0.5% |
As of the latest ACS Survey released in 2023, Hillcrest, San Diego, CA is a predominantly white area, with 65.4% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Hillcrest, San Diego, CA is hispanic, making up 20.0% of the population. Foreign-born residents account for 14.7% of the population in Hillcrest, San Diego, CA, and this percentage has increased by 1.4% 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 | 65.4% | -3.8% |
% Black | 2.5% | -46.8% |
% Hispanic | 20.0% | 17.6% |
% Asian | 7.3% | 10.6% |
% Foreign Born | 14.7% | 1.4% |
Mortgage and Risk — Hillcrest, San Diego, CA
According to HUD data as of 2023, there were 342 mortgage originations in Hillcrest, San Diego, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Hillcrest, San Diego, CA. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 342 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Hillcrest, San Diego, CA
As of 2024, the percent of homes in Hillcrest, San Diego, CA under the Section 8 program is 7.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Hillcrest, San Diego, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,016 |
Total Units Section 8 | 979 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $2,500 | $2,530 |
| 2 Bedroom | -$170 | $3,300 | $3,130 |
| 3 Bedroom | -$820 | $5,000 | $4,180 |
| 4 Bedroom | -$1,700 | $6,800 | $5,100 |
Affordability — Hillcrest, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.4 |
| Median Home Price | $1,057,000 |
| Median Household Income | $96,900 |