Del Cerro, San Diego, CA—92120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Del Cerro, San Diego, CA
As of Oct '25, the median home price in Del Cerro, San Diego, CA is $1,015,000, with a year-over-year change of -2.6%. This indicates that home prices in Del Cerro, 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 | $1,015,000 | -2.7% |
| Single Family | $1,074,000 | -2.5% |
| Condos | $506,000 | -6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $390,000 | -5.3% |
2 Bed | $592,000 | -5.6% |
3 Bed | $972,000 | -2.5% |
4 Bed | $1,204,000 | -2.8% |
| 5 Bed | $1,449,000 | -3.1% |
% of Housing Stock
Rental Trends — Del Cerro, San Diego, CA
As of July '25, Rentcast reports the average rent in Del Cerro, San Diego, CA is $3,250, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Del Cerro, San Diego, CA is studios: $2,010, 1-bedrooms: $2,360, 2-bedrooms: $2,970, 3-bedrooms: $4,470, 4-bedrooms: $5,780. The most common rental property sizes in Del Cerro, San Diego, CA are 2-bedroom and 1-bedroom, accounting for 33.5% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,790 | $3,250 |
| Studio Rent | $2,000 | $2,010 |
| 1 Bed Rent | $2,300 | $2,360 |
| 2 Bed Rent | $3,140 | $2,970 |
| 3 Bed Rent | $4,500 | $4,470 |
| 4 Bed Rent | $5,400 | $5,780 |
% of Rental Stock
Property Listings — Del Cerro, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Del Cerro, San Diego, CA is 35. This is a increase of 14.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,070,000 | 13.0% |
Listing Count | 66 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 35 | 14.0% |
Demographics — Del Cerro, San Diego, CA
As of the latest ACS Survey released in 2023, Del Cerro, San Diego, CA has a population of 31,800, which has increased by 9.1% over the past 5 years. Del Cerro, San Diego, CA is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | 9.1% |
% Under 18 | 22.0% | 20.9% |
% Seniors | 16.6% | -8.8% |
% WFH | 20.2% | 165.8% |
% w/ College Degree | 57.2% | 16.0% |
As of the latest ACS Survey released in 2023, Del Cerro, San Diego, CA is a predominantly white area, with 60.3% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Del Cerro, San Diego, CA is hispanic, making up 19.7% of the population. Foreign-born residents account for 12.5% of the population in Del Cerro, San Diego, CA, and this percentage has decreased by 5.3% 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 | 60.3% | -8.9% |
% Black | 6.3% | 37.0% |
% Hispanic | 19.7% | 10.7% |
% Asian | 7.9% | 0.0% |
% Foreign Born | 12.5% | -5.3% |
Mortgage and Risk — Del Cerro, San Diego, CA
According to HUD data as of 2023, there were 496 mortgage originations in Del Cerro, San Diego, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Del Cerro, San Diego, CA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 496 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Del Cerro, San Diego, CA
As of 2024, the percent of homes in Del Cerro, San Diego, CA under the Section 8 program is 9.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Del Cerro, 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 | 423 |
Total Units Section 8 | 423 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $2,300 | $2,590 |
| 2 Bedroom | $70 | $3,140 | $3,210 |
| 3 Bedroom | -$210 | $4,500 | $4,290 |
| 4 Bedroom | -$170 | $5,400 | $5,230 |
Affordability — Del Cerro, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $1,015,000 |
| Median Household Income | $115,000 |