Rancho Bernardo, San Diego, CA—92128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rancho Bernardo, San Diego, CA
As of Oct '25, the median home price in Rancho Bernardo, San Diego, CA is $995,000, with a year-over-year change of -4.2%. This indicates that home prices in Rancho Bernardo, 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 | $995,000 | -4.2% |
| Single Family | $1,199,000 | -5.3% |
| Condos | $664,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $449,000 | -8.0% |
2 Bed | $710,000 | -4.2% |
3 Bed | $1,077,000 | -4.6% |
4 Bed | $1,389,000 | -4.8% |
| 5 Bed | $1,671,000 | -4.4% |
% of Housing Stock
Rental Trends — Rancho Bernardo, San Diego, CA
As of July '25, Rentcast reports the average rent in Rancho Bernardo, San Diego, CA is $3,150, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Rancho Bernardo, San Diego, CA is 1-bedrooms: $2,500, 2-bedrooms: $3,140, 3-bedrooms: $4,140, 4-bedrooms: $5,040. The most common rental property sizes in Rancho Bernardo, San Diego, CA are 2-bedroom and 1-bedroom, accounting for 54.7% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,960 | $3,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | $3,020 | $3,140 |
| 3 Bed Rent | $4,020 | $4,140 |
| 4 Bed Rent | $4,720 | $5,040 |
% of Rental Stock
Property Listings — Rancho Bernardo, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Rancho Bernardo, San Diego, CA is 42. This is a increase of 31.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $865,000 | -2.0% |
Listing Count | 191 | 47.0% |
| Listings as % of Homes | 0.6% | 47.0% |
Days on Market | 42 | 31.0% |
Demographics — Rancho Bernardo, San Diego, CA
As of the latest ACS Survey released in 2023, Rancho Bernardo, San Diego, CA has a population of 48,500, which has decreased by -5.0% over the past 5 years. Rancho Bernardo, San Diego, CA is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 64.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,500 | -5.0% |
% Under 18 | 18.3% | -9.0% |
% Seniors | 23.4% | 15.8% |
% WFH | 25.4% | 243.2% |
% w/ College Degree | 64.3% | 4.6% |
As of the latest ACS Survey released in 2023, Rancho Bernardo, San Diego, CA is a predominantly white area, with 53.5% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Rancho Bernardo, San Diego, CA is asian, making up 27.2% of the population. Foreign-born residents account for 27.1% of the population in Rancho Bernardo, San Diego, CA, and this percentage has increased by 10.6% 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 | 53.5% | -8.1% |
% Black | 2.5% | 8.7% |
% Hispanic | 10.6% | -4.5% |
% Asian | 27.2% | 18.8% |
% Foreign Born | 27.1% | 10.6% |
Mortgage and Risk — Rancho Bernardo, San Diego, CA
According to HUD data as of 2023, there were 49 mortgage originations in Rancho Bernardo, San Diego, CA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Rancho Bernardo, San Diego, CA. Investor activity is low, as 6.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Rancho Bernardo, San Diego, CA
As of 2024, the percent of homes in Rancho Bernardo, San Diego, CA under the Section 8 program is 2.5%. 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. In Rancho Bernardo, 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 | 196 |
Total Units Section 8 | 196 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $2,500 | $2,890 |
| 2 Bedroom | $560 | $3,020 | $3,580 |
| 3 Bedroom | $770 | $4,020 | $4,790 |
| 4 Bedroom | $1,110 | $4,720 | $5,830 |
Affordability — Rancho Bernardo, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $995,000 |
| Median Household Income | $128,000 |