Encanto, San Diego, CA—92114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Encanto, San Diego, CA
As of Oct '25, the median home price in Encanto, San Diego, CA is $726,000, with a year-over-year change of -2.7%. This indicates that home prices in Encanto, 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 | $726,000 | -2.7% |
| Single Family | $727,000 | -2.7% |
| Condos | $557,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $538,000 | -5.4% |
2 Bed | $608,000 | -3.0% |
3 Bed | $705,000 | -2.9% |
4 Bed | $768,000 | -2.4% |
| 5 Bed | $822,000 | -2.5% |
% of Housing Stock
Rental Trends — Encanto, San Diego, CA
As of July '25, Rentcast reports the average rent in Encanto, San Diego, CA is $3,130, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Encanto, San Diego, CA is studios: $1,580, 1-bedrooms: $1,700, 2-bedrooms: $2,390, 3-bedrooms: $3,630, 4-bedrooms: $4,370. The most common rental property sizes in Encanto, San Diego, CA are 3-bedroom and 2-bedroom, accounting for 36.5% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,130 |
| Studio Rent | $1,500 | $1,580 |
| 1 Bed Rent | $1,800 | $1,700 |
| 2 Bed Rent | $2,150 | $2,390 |
| 3 Bed Rent | $3,550 | $3,630 |
| 4 Bed Rent | $4,100 | $4,370 |
% of Rental Stock
Property Listings — Encanto, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Encanto, San Diego, CA is 28. This is a increase of 3.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $765,000 | -1.0% |
Listing Count | 77 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 28 | 3.0% |
Demographics — Encanto, San Diego, CA
As of the latest ACS Survey released in 2023, Encanto, San Diego, CA has a population of 64,800, which has decreased by -7.5% over the past 5 years. Encanto, San Diego, CA is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,800 | -7.5% |
% Under 18 | 21.3% | -5.3% |
% Seniors | 17.3% | 26.3% |
% WFH | 9.0% | 125.0% |
% w/ College Degree | 20.3% | 14.0% |
As of the latest ACS Survey released in 2023, Encanto, San Diego, CA is a predominantly hispanic area, with 43.7% of the population identifying as hispanic. The hispanic population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Encanto, San Diego, CA is asian, making up 24.1% of the population. Foreign-born residents account for 29.8% of the population in Encanto, San Diego, CA, and this percentage has decreased by 8.3% 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 | 9.6% | 4.3% |
% Black | 17.4% | -13.4% |
% Hispanic | 43.7% | -0.2% |
% Asian | 24.1% | -0.8% |
% Foreign Born | 29.8% | -8.3% |
Mortgage and Risk — Encanto, San Diego, CA
According to HUD data as of 2023, there were 674 mortgage originations in Encanto, San Diego, CA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Encanto, San Diego, CA. Investor activity is low, as 2.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 674 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Encanto, San Diego, CA
As of 2024, the percent of homes in Encanto, San Diego, CA under the Section 8 program is 16.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Encanto, San Diego, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 847 |
Total Units Section 8 | 846 |
% Rentals under Section 8 | 16.7% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,800 | $2,020 |
| 2 Bedroom | $350 | $2,150 | $2,500 |
| 3 Bedroom | -$210 | $3,550 | $3,340 |
| 4 Bedroom | -$30 | $4,100 | $4,070 |
Affordability — Encanto, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $726,000 |
| Median Household Income | $90,200 |