North Park, San Diego, CA—92104
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Park, San Diego, CA
As of Oct '25, the median home price in North Park, San Diego, CA is $923,000, with a year-over-year change of -2.9%. This indicates that home prices in North Park, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $923,000 | -2.9% |
| Single Family | $1,081,000 | -3.0% |
| Condos | $545,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $482,000 | -1.8% |
2 Bed | $825,000 | -0.4% |
3 Bed | $1,219,000 | -3.2% |
4 Bed | $1,510,000 | -2.6% |
| 5 Bed | $1,730,000 | -3.4% |
% of Housing Stock
Rental Trends — North Park, San Diego, CA
As of July '25, Rentcast reports the average rent in North Park, San Diego, CA is $2,740, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in North Park, San Diego, CA is studios: $2,150, 1-bedrooms: $2,380, 2-bedrooms: $3,060, 3-bedrooms: $4,140, 4-bedrooms: $6,030. The most common rental property sizes in North Park, San Diego, CA are 2-bedroom and 1-bedroom, accounting for 42.8% and 40.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,740 |
| Studio Rent | $2,120 | $2,150 |
| 1 Bed Rent | $2,300 | $2,380 |
| 2 Bed Rent | $3,000 | $3,060 |
| 3 Bed Rent | $3,900 | $4,140 |
| 4 Bed Rent | $6,200 | $6,030 |
% of Rental Stock
Property Listings — North Park, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Park, San Diego, CA is 37. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $876,000 | -4.0% |
Listing Count | 81 | -3.0% |
| Listings as % of Homes | 0.1% | -3.0% |
Days on Market | 37 | 1.0% |
Demographics — North Park, San Diego, CA
As of the latest ACS Survey released in 2023, North Park, San Diego, CA has a population of 46,900, which has increased by 3.8% over the past 5 years. North Park, San Diego, CA is a less popular place for families, as children make up 14.1% of the population. The area has a highly educated workforce, with 55.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,900 | 3.8% |
% Under 18 | 14.1% | -1.4% |
% Seniors | 9.3% | 14.8% |
% WFH | 20.5% | 153.1% |
% w/ College Degree | 55.5% | 14.0% |
As of the latest ACS Survey released in 2023, North Park, San Diego, CA is a predominantly white area, with 50.3% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in North Park, San Diego, CA is hispanic, making up 30.8% of the population. Foreign-born residents account for 16.2% of the population in North Park, San Diego, CA, and this percentage has decreased by 19.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.3% | -0.6% |
% Black | 7.3% | 0.0% |
% Hispanic | 30.8% | -7.8% |
% Asian | 6.0% | 0.0% |
% Foreign Born | 16.2% | -19.8% |
Mortgage and Risk — North Park, San Diego, CA
According to HUD data as of 2023, there were 347 mortgage originations in North Park, San Diego, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in North Park, San Diego, CA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — North Park, San Diego, CA
As of 2024, the percent of homes in North Park, San Diego, CA under the Section 8 program is 4.1%. 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 North Park, San Diego, 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 | 611 |
Total Units Section 8 | 610 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $2,300 | $2,300 |
| 2 Bedroom | -$160 | $3,000 | $2,840 |
| 3 Bedroom | -$100 | $3,900 | $3,800 |
| 4 Bedroom | -$1,580 | $6,200 | $4,620 |
Affordability — North Park, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10 |
| Median Home Price | $923,000 |
| Median Household Income | $92,900 |