Rancho Peñasquitos, San Diego, CA—92129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rancho Peñasquitos, San Diego, CA
As of Oct '25, the median home price in Rancho Peñasquitos, San Diego, CA is $1,337,000, with a year-over-year change of -6.3%. This indicates that home prices in Rancho Peñasquitos, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,337,000 | -6.3% |
| Single Family | $1,395,000 | -6.5% |
| Condos | $605,000 | -7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $429,000 | -8.1% |
2 Bed | $583,000 | -7.6% |
3 Bed | $1,167,000 | -6.7% |
4 Bed | $1,429,000 | -6.2% |
| 5 Bed | $1,730,000 | -5.2% |
% of Housing Stock
Rental Trends — Rancho Peñasquitos, San Diego, CA
As of July '25, Rentcast reports the average rent in Rancho Peñasquitos, San Diego, CA is $3,490, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Rancho Peñasquitos, San Diego, CA is studios: $2,340, 1-bedrooms: $2,640, 2-bedrooms: $3,150, 3-bedrooms: $4,200, 4-bedrooms: $5,370. The most common rental property sizes in Rancho Peñasquitos, San Diego, CA are 2-bedroom and 3-bedroom, accounting for 45.0% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,230 | $3,490 |
| Studio Rent | $2,340 | $2,340 |
| 1 Bed Rent | $2,700 | $2,640 |
| 2 Bed Rent | $3,210 | $3,150 |
| 3 Bed Rent | $4,020 | $4,200 |
| 4 Bed Rent | $5,200 | $5,370 |
% of Rental Stock
Property Listings — Rancho Peñasquitos, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Rancho Peñasquitos, San Diego, CA is 42. 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,210,000 | -13.0% |
Listing Count | 95 | 37.0% |
| Listings as % of Homes | 0.2% | 37.0% |
Days on Market | 42 | 23.0% |
Demographics — Rancho Peñasquitos, San Diego, CA
As of the latest ACS Survey released in 2023, Rancho Peñasquitos, San Diego, CA has a population of 53,100, which has decreased by -3.5% over the past 5 years. Rancho Peñasquitos, San Diego, CA is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 63.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,100 | -3.5% |
% Under 18 | 23.0% | -10.9% |
% Seniors | 14.7% | 37.4% |
% WFH | 23.4% | 244.1% |
% w/ College Degree | 63.8% | 3.7% |
As of the latest ACS Survey released in 2023, Rancho Peñasquitos, San Diego, CA is a predominantly white area, with 45.5% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Rancho Peñasquitos, San Diego, CA is asian, making up 34.5% of the population. Foreign-born residents account for 30.8% of the population in Rancho Peñasquitos, San Diego, CA, and this percentage has increased by 10.4% 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 | 45.5% | -5.8% |
% Black | 1.6% | -33.3% |
% Hispanic | 12.4% | -1.6% |
% Asian | 34.5% | 13.1% |
% Foreign Born | 30.8% | 10.4% |
Mortgage and Risk — Rancho Peñasquitos, San Diego, CA
According to HUD data as of 2023, there were 93 mortgage originations in Rancho Peñasquitos, San Diego, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Rancho Peñasquitos, San Diego, CA. Investor activity is low, as 3.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Rancho Peñasquitos, San Diego, CA
As of 2024, the percent of homes in Rancho Peñasquitos, San Diego, CA under the Section 8 program is 11.3%. 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 Peñasquitos, San Diego, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 554 |
Total Units Section 8 | 554 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 96.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $2,700 | $2,400 |
| 2 Bedroom | -$240 | $3,210 | $2,970 |
| 3 Bedroom | -$50 | $4,020 | $3,970 |
| 4 Bedroom | -$370 | $5,200 | $4,830 |
Affordability — Rancho Peñasquitos, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $1,337,000 |
| Median Household Income | $153,000 |