Pacific Beach, San Diego, CA—92109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pacific Beach, San Diego, CA
As of Oct '25, the median home price in Pacific Beach, San Diego, CA is $1,449,000, with a year-over-year change of -3.0%. This indicates that home prices in Pacific Beach, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,449,000 | -3.0% |
| Single Family | $1,801,000 | -2.5% |
| Condos | $935,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $630,000 | -3.7% |
2 Bed | $1,118,000 | -2.8% |
3 Bed | $1,748,000 | -2.2% |
4 Bed | $2,350,000 | -2.4% |
| 5 Bed | $2,702,000 | -3.0% |
% of Housing Stock
Rental Trends — Pacific Beach, San Diego, CA
As of July '25, Rentcast reports the average rent in Pacific Beach, San Diego, CA is $3,780, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Pacific Beach, San Diego, CA is studios: $2,120, 1-bedrooms: $2,680, 2-bedrooms: $3,990, 3-bedrooms: $6,620, 4-bedrooms: $7,650. The most common rental property sizes in Pacific Beach, San Diego, CA are 2-bedroom and 1-bedroom, accounting for 38.8% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,290 | $3,780 |
| Studio Rent | $2,220 | $2,120 |
| 1 Bed Rent | $2,600 | $2,680 |
| 2 Bed Rent | $3,720 | $3,990 |
| 3 Bed Rent | $6,000 | $6,620 |
| 4 Bed Rent | $7,500 | $7,650 |
% of Rental Stock
Property Listings — Pacific Beach, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Pacific Beach, San Diego, CA is 40. This is a increase of 12.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,570,000 | -1.0% |
Listing Count | 135 | 9.0% |
| Listings as % of Homes | 0.2% | 9.0% |
Days on Market | 40 | 12.0% |
Demographics — Pacific Beach, San Diego, CA
As of the latest ACS Survey released in 2023, Pacific Beach, San Diego, CA has a population of 44,500, which has decreased by -8.2% over the past 5 years. Pacific Beach, San Diego, CA is a less popular place for families, as children make up 9.7% of the population. The area has a highly educated workforce, with 70.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,500 | -8.2% |
% Under 18 | 9.7% | -4.9% |
% Seniors | 10.9% | 1.9% |
% WFH | 29.1% | 234.5% |
% w/ College Degree | 70.3% | 7.2% |
As of the latest ACS Survey released in 2023, Pacific Beach, San Diego, CA is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Pacific Beach, San Diego, CA is hispanic, making up 12.2% of the population. Foreign-born residents account for 11.3% of the population in Pacific Beach, San Diego, CA, and this percentage has decreased by 12.4% 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 | 74.3% | -4.4% |
% Black | 2.0% | 42.9% |
% Hispanic | 12.2% | -9.6% |
% Asian | 3.8% | -5.0% |
% Foreign Born | 11.3% | -12.4% |
Mortgage and Risk — Pacific Beach, San Diego, CA
According to HUD data as of 2023, there were 371 mortgage originations in Pacific Beach, San Diego, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Pacific Beach, San Diego, CA. Investor activity is low, as 10.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 371 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 10.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pacific Beach, San Diego, CA
As of 2024, the percent of homes in Pacific Beach, San Diego, CA under the Section 8 program is 0.5%. 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 Pacific Beach, 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 | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $2,600 | $2,760 |
| 2 Bedroom | -$310 | $3,720 | $3,410 |
| 3 Bedroom | -$1,440 | $6,000 | $4,560 |
| 4 Bedroom | -$1,950 | $7,500 | $5,550 |
Affordability — Pacific Beach, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.6 |
| Median Home Price | $1,449,000 |
| Median Household Income | $118,000 |