Mission Valley, San Diego, CA—92108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mission Valley, San Diego, CA
As of Oct '25, the median home price in Mission Valley, San Diego, CA is $601,000, with a year-over-year change of -6.2%. This indicates that home prices in Mission Valley, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $601,000 | -6.2% |
| Single Family | $905,000 | -4.5% |
| Condos | $541,000 | -7.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $408,000 | -8.3% |
2 Bed | $609,000 | -6.2% |
3 Bed | $985,000 | -3.7% |
4 Bed | $1,180,000 | -2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mission Valley, San Diego, CA
As of July '25, Rentcast reports the average rent in Mission Valley, San Diego, CA is $3,260, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Mission Valley, San Diego, CA is studios: $2,500, 1-bedrooms: $2,820, 2-bedrooms: $3,530, 3-bedrooms: $4,760, 4-bedrooms: $6,620. The most common rental property sizes in Mission Valley, San Diego, CA are 1-bedroom and 2-bedroom, accounting for 41.8% and 40.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,120 | $3,260 |
| Studio Rent | $2,590 | $2,500 |
| 1 Bed Rent | $2,880 | $2,820 |
| 2 Bed Rent | $3,580 | $3,530 |
| 3 Bed Rent | $4,590 | $4,760 |
| 4 Bed Rent | $6,900 | $6,620 |
% of Rental Stock
Property Listings — Mission Valley, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mission Valley, San Diego, CA is 52. This is a increase of 38.0% 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 | $627,000 | -11.0% |
Listing Count | 117 | 47.0% |
| Listings as % of Homes | 0.3% | 47.0% |
Days on Market | 52 | 38.0% |
Demographics — Mission Valley, San Diego, CA
As of the latest ACS Survey released in 2023, Mission Valley, San Diego, CA has a population of 24,400, which has increased by 8.1% over the past 5 years. Mission Valley, San Diego, CA is a less popular place for families, as children make up 10.6% of the population. The area has a highly educated workforce, with 58.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,400 | 8.1% |
% Under 18 | 10.6% | -14.5% |
% Seniors | 8.3% | -1.2% |
% WFH | 19.2% | 182.4% |
% w/ College Degree | 58.2% | 4.3% |
As of the latest ACS Survey released in 2023, Mission Valley, San Diego, CA is a predominantly white area, with 49.5% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Mission Valley, San Diego, CA is hispanic, making up 24.0% of the population. Foreign-born residents account for 20.9% of the population in Mission Valley, San Diego, CA, and this percentage has decreased by 13.6% 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 | 49.5% | -7.1% |
% Black | 6.2% | -23.5% |
% Hispanic | 24.0% | -5.9% |
% Asian | 12.8% | 26.7% |
% Foreign Born | 20.9% | -13.6% |
Mortgage and Risk — Mission Valley, San Diego, CA
According to HUD data as of 2023, there were 304 mortgage originations in Mission Valley, San Diego, CA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mission Valley, 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 | 304 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mission Valley, San Diego, CA
As of 2024, the percent of homes in Mission Valley, San Diego, CA under the Section 8 program is 9.4%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mission Valley, San Diego, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,066 |
Total Units Section 8 | 1,066 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $2,880 | $3,260 |
| 2 Bedroom | $450 | $3,580 | $4,030 |
| 3 Bedroom | $800 | $4,590 | $5,390 |
| 4 Bedroom | -$340 | $6,900 | $6,560 |
Affordability — Mission Valley, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $601,000 |
| Median Household Income | $102,000 |