Otay Mesa, San Diego, CA—92154
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Otay Mesa, San Diego, CA
As of Oct '25, the median home price in Otay Mesa, San Diego, CA is $728,000, with a year-over-year change of -4.3%. This indicates that home prices in Otay Mesa, 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 | $728,000 | -4.3% |
| Single Family | $751,000 | -4.5% |
| Condos | $551,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $527,000 | -4.4% |
3 Bed | $699,000 | -3.9% |
4 Bed | $780,000 | -4.4% |
| 5 Bed | $890,000 | -3.6% |
% of Housing Stock
Rental Trends — Otay Mesa, San Diego, CA
As of July '25, Rentcast reports the average rent in Otay Mesa, San Diego, CA is $3,020, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Otay Mesa, San Diego, CA is studios: $1,750, 1-bedrooms: $2,130, 2-bedrooms: $2,800, 3-bedrooms: $3,770, 4-bedrooms: $4,270. The most common rental property sizes in Otay Mesa, San Diego, CA are 2-bedroom and 3-bedroom, accounting for 46.2% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,760 | $3,020 |
| Studio Rent | $1,500 | $1,750 |
| 1 Bed Rent | $2,220 | $2,130 |
| 2 Bed Rent | $2,720 | $2,800 |
| 3 Bed Rent | $3,730 | $3,770 |
| 4 Bed Rent | $4,100 | $4,270 |
% of Rental Stock
Property Listings — Otay Mesa, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Otay Mesa, San Diego, CA is 46. This is a increase of 30.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $690,000 | -10.0% |
Listing Count | 107 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 46 | 30.0% |
Demographics — Otay Mesa, San Diego, CA
As of the latest ACS Survey released in 2023, Otay Mesa, San Diego, CA has a population of 82,800, which has decreased by -4.6% over the past 5 years. Otay Mesa, San Diego, CA is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 82,800 | -4.6% |
% Under 18 | 23.0% | 0.4% |
% Seniors | 13.7% | 14.2% |
% WFH | 7.3% | 143.3% |
% w/ College Degree | 20.7% | 26.2% |
As of the latest ACS Survey released in 2023, Otay Mesa, San Diego, CA is a predominantly hispanic area, with 68.3% of the population identifying as hispanic. The hispanic population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Otay Mesa, San Diego, CA is asian, making up 12.3% of the population. Foreign-born residents account for 32.2% of the population in Otay Mesa, San Diego, CA, and this percentage has decreased by 8.3% 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 | 11.6% | -2.5% |
% Black | 5.6% | -1.8% |
% Hispanic | 68.3% | 0.7% |
% Asian | 12.3% | 0.0% |
% Foreign Born | 32.2% | -8.3% |
Mortgage and Risk — Otay Mesa, San Diego, CA
According to HUD data as of 2023, there were 858 mortgage originations in Otay Mesa, San Diego, CA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 90.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Otay Mesa, San Diego, CA. Investor activity is low, as 2.0% 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 | 858 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Otay Mesa, San Diego, CA
As of 2024, the percent of homes in Otay Mesa, San Diego, CA under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Otay Mesa, San Diego, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,558 |
Total Units Section 8 | 1,477 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 96.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $2,220 | $2,190 |
| 2 Bedroom | -$10 | $2,720 | $2,710 |
| 3 Bedroom | -$110 | $3,730 | $3,620 |
| 4 Bedroom | $310 | $4,100 | $4,410 |
Affordability — Otay Mesa, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $728,000 |
| Median Household Income | $90,000 |