Carmel Valley, San Diego, CA—92130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carmel Valley, San Diego, CA
As of Oct '25, the median home price in Carmel Valley, San Diego, CA is $2,014,000, with a year-over-year change of -0.6%. This indicates that home prices in Carmel Valley, San Diego, CA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,014,000 | -0.6% |
| Single Family | $2,227,000 | -0.8% |
| Condos | $897,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $604,000 | -5.6% |
2 Bed | $889,000 | -4.2% |
3 Bed | $1,438,000 | -1.0% |
4 Bed | $2,171,000 | -1.1% |
| 5 Bed | $2,777,000 | 0.1% |
% of Housing Stock
Rental Trends — Carmel Valley, San Diego, CA
As of July '25, Rentcast reports the average rent in Carmel Valley, San Diego, CA is $4,430, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Carmel Valley, San Diego, CA is studios: $2,440, 1-bedrooms: $3,260, 2-bedrooms: $4,280, 3-bedrooms: $5,060, 4-bedrooms: $6,500. The most common rental property sizes in Carmel Valley, San Diego, CA are 2-bedroom and 3-bedroom, accounting for 46.7% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,190 | $4,430 |
| Studio Rent | $1,880 | $2,440 |
| 1 Bed Rent | $3,200 | $3,260 |
| 2 Bed Rent | $4,150 | $4,280 |
| 3 Bed Rent | $4,700 | $5,060 |
| 4 Bed Rent | $6,300 | $6,500 |
% of Rental Stock
Property Listings — Carmel Valley, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Carmel Valley, San Diego, CA is 50. This is a increase of 9.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,900,000 | 8.0% |
Listing Count | 89 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 50 | 9.0% |
Demographics — Carmel Valley, San Diego, CA
As of the latest ACS Survey released in 2023, Carmel Valley, San Diego, CA has a population of 59,800, which has increased by 8.0% over the past 5 years. Carmel Valley, San Diego, CA is a popular place for families, as children make up 27.8% of the population. The area has a highly educated workforce, with 81.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,800 | 8.0% |
% Under 18 | 27.8% | 2.2% |
% Seniors | 10.4% | 22.4% |
% WFH | 31.8% | 189.1% |
% w/ College Degree | 81.4% | 3.7% |
As of the latest ACS Survey released in 2023, Carmel Valley, San Diego, CA is a predominantly white area, with 48.7% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Carmel Valley, San Diego, CA is asian, making up 33.5% of the population. Foreign-born residents account for 35.2% of the population in Carmel Valley, San Diego, CA, and this percentage has increased by 7.6% 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 | 48.7% | -12.6% |
% Black | 0.3% | -88.0% |
% Hispanic | 9.1% | 26.4% |
% Asian | 33.5% | 11.7% |
% Foreign Born | 35.2% | 7.6% |
Mortgage and Risk — Carmel Valley, San Diego, CA
According to HUD data as of 2023, there were 147 mortgage originations in Carmel Valley, San Diego, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 39.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Carmel Valley, San Diego, CA. Investor activity is low, as 2.0% 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 | 147 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Carmel Valley, San Diego, CA
As of 2024, the percent of homes in Carmel Valley, San Diego, CA under the Section 8 program is 2.9%. 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 Carmel Valley, 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 | 247 |
Total Units Section 8 | 247 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $3,200 | $3,400 |
| 2 Bedroom | $60 | $4,150 | $4,210 |
| 3 Bedroom | $930 | $4,700 | $5,630 |
| 4 Bedroom | $550 | $6,300 | $6,850 |
Affordability — Carmel Valley, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $2,014,000 |
| Median Household Income | $202,000 |