Kensington, San Diego, CA—92116
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kensington, San Diego, CA
As of Oct '25, the median home price in Kensington, San Diego, CA is $974,000, with a year-over-year change of -2.7%. This indicates that home prices in Kensington, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $974,000 | -2.7% |
| Single Family | $1,134,000 | -3.0% |
| Condos | $545,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $467,000 | -2.9% |
2 Bed | $828,000 | 1.0% |
3 Bed | $1,362,000 | -2.5% |
4 Bed | $1,734,000 | -2.5% |
| 5 Bed | $2,059,000 | -3.0% |
% of Housing Stock
Rental Trends — Kensington, San Diego, CA
As of July '25, Rentcast reports the average rent in Kensington, San Diego, CA is $2,820, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Kensington, San Diego, CA is studios: $1,850, 1-bedrooms: $2,180, 2-bedrooms: $3,110, 3-bedrooms: $4,770, 4-bedrooms: $6,000. The most common rental property sizes in Kensington, San Diego, CA are 1-bedroom and 2-bedroom, accounting for 43.7% and 42.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,820 |
| Studio Rent | $1,800 | $1,850 |
| 1 Bed Rent | $2,150 | $2,180 |
| 2 Bed Rent | $2,950 | $3,110 |
| 3 Bed Rent | $4,500 | $4,770 |
| 4 Bed Rent | $6,500 | $6,000 |
% of Rental Stock
Property Listings — Kensington, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Kensington, San Diego, CA is 42. This is a increase of 57.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,190,000 | 35.0% |
Listing Count | 69 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 42 | 57.0% |
Demographics — Kensington, San Diego, CA
As of the latest ACS Survey released in 2023, Kensington, San Diego, CA has a population of 31,500, which has decreased by -6.8% over the past 5 years. Kensington, San Diego, CA is a less popular place for families, as children make up 10.9% of the population. The area has a highly educated workforce, with 58.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,500 | -6.8% |
% Under 18 | 10.9% | -16.8% |
% Seniors | 11.7% | 12.5% |
% WFH | 23.9% | 246.4% |
% w/ College Degree | 58.4% | 12.7% |
As of the latest ACS Survey released in 2023, Kensington, San Diego, CA is a predominantly white area, with 53.8% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Kensington, San Diego, CA is hispanic, making up 29.6% of the population. Foreign-born residents account for 14.6% of the population in Kensington, San Diego, CA, and this percentage has increased by 9.8% 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 | 53.8% | -4.9% |
% Black | 4.6% | -37.8% |
% Hispanic | 29.6% | 13.8% |
% Asian | 6.6% | 15.8% |
% Foreign Born | 14.6% | 9.8% |
Mortgage and Risk — Kensington, San Diego, CA
According to HUD data as of 2023, there were 355 mortgage originations in Kensington, San Diego, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Kensington, San Diego, CA. Investor activity is low, as 4.0% 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 | 355 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Kensington, San Diego, CA
As of 2024, the percent of homes in Kensington, San Diego, CA under the Section 8 program is 2.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Kensington, 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 | 243 |
Total Units Section 8 | 243 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $2,150 | $2,250 |
| 2 Bedroom | -$170 | $2,950 | $2,780 |
| 3 Bedroom | -$780 | $4,500 | $3,720 |
| 4 Bedroom | -$1,970 | $6,500 | $4,530 |
Affordability — Kensington, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $974,000 |
| Median Household Income | $95,800 |