Serra Mesa, San Diego, CA—92123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Serra Mesa, San Diego, CA
As of Oct '25, the median home price in Serra Mesa, San Diego, CA is $944,000, with a year-over-year change of -4.2%. This indicates that home prices in Serra Mesa, 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 | $944,000 | -4.2% |
| Single Family | $976,000 | -4.2% |
| Condos | $610,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $390,000 | -6.7% |
2 Bed | $637,000 | -6.2% |
3 Bed | $941,000 | -4.5% |
4 Bed | $1,035,000 | -4.2% |
| 5 Bed | $1,154,000 | -4.5% |
% of Housing Stock
Rental Trends — Serra Mesa, San Diego, CA
As of July '25, Rentcast reports the average rent in Serra Mesa, San Diego, CA is $3,220, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Serra Mesa, San Diego, CA is studios: $2,450, 1-bedrooms: $2,770, 2-bedrooms: $3,400, 3-bedrooms: $4,200, 4-bedrooms: $4,890. The most common rental property sizes in Serra Mesa, San Diego, CA are 2-bedroom and 3-bedroom, accounting for 38.7% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,160 | $3,220 |
| Studio Rent | $2,540 | $2,450 |
| 1 Bed Rent | $2,800 | $2,770 |
| 2 Bed Rent | $3,490 | $3,400 |
| 3 Bed Rent | $4,200 | $4,200 |
| 4 Bed Rent | $5,000 | $4,890 |
% of Rental Stock
Property Listings — Serra Mesa, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Serra Mesa, San Diego, CA is 34. This is a increase of 23.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $970,000 | -5.0% |
Listing Count | 60 | 78.0% |
| Listings as % of Homes | 0.2% | 78.0% |
Days on Market | 34 | 23.0% |
Demographics — Serra Mesa, San Diego, CA
As of the latest ACS Survey released in 2023, Serra Mesa, San Diego, CA has a population of 33,000, which has increased by 5.7% over the past 5 years. Serra Mesa, San Diego, CA is a moderately popular place for families, as children make up 17.3% of the population. The area has a highly educated workforce, with 47.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 5.7% |
% Under 18 | 17.3% | -8.5% |
% Seniors | 12.5% | 16.8% |
% WFH | 20.4% | 300.0% |
% w/ College Degree | 47.6% | 10.7% |
As of the latest ACS Survey released in 2023, Serra Mesa, San Diego, CA is a predominantly white area, with 42.5% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Serra Mesa, San Diego, CA is asian, making up 22.0% of the population. Foreign-born residents account for 19.7% of the population in Serra Mesa, San Diego, CA, and this percentage has decreased by 4.8% 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 | 42.5% | -11.3% |
% Black | 6.7% | -18.3% |
% Hispanic | 21.8% | 5.8% |
% Asian | 22.0% | 27.2% |
% Foreign Born | 19.7% | -4.8% |
Mortgage and Risk — Serra Mesa, San Diego, CA
According to HUD data as of 2023, there were 251 mortgage originations in Serra Mesa, San Diego, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Serra Mesa, San Diego, CA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 251 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Serra Mesa, San Diego, CA
As of 2024, the percent of homes in Serra Mesa, San Diego, CA under the Section 8 program is 3.7%. 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. In Serra Mesa, San Diego, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 245 |
Total Units Section 8 | 245 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $2,800 | $2,840 |
| 2 Bedroom | $30 | $3,490 | $3,520 |
| 3 Bedroom | $510 | $4,200 | $4,710 |
| 4 Bedroom | $730 | $5,000 | $5,730 |
Affordability — Serra Mesa, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $944,000 |
| Median Household Income | $122,000 |