Fallbrook, CA 92028 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fallbrook, CA—92028

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$855,000

0.6% YoY Growth

Household Income

$102,000

47.0% YoY Growth

Days on Market

16.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$2,980

10.4% YoY Growth

1-Bed Rent

$1,950

3.7% YoY Growth

2-Bed Rent

$2,600

2.8% YoY Growth

3-Bed Rent

$3,750

0.8% YoY Growth

Home Price Trends — Fallbrook, CA

As of Nov '25, the median home price in Fallbrook, CA is $855,000, with a year-over-year change of -0.6%. This indicates that home prices in Fallbrook, CA are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$855,000	-0.6%
Single Family	$870,000	-0.9%
Condos	$588,000	2.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fallbrook, CA

As of July '25, Rentcast reports the average rent in Fallbrook, CA is $3,100, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Fallbrook, CA is studios: $2,210, 1-bedrooms: $1,970, 2-bedrooms: $2,560, 3-bedrooms: $3,920, 4-bedrooms: $4,480. The most common rental property sizes in Fallbrook, CA are 2-bedroom and 1-bedroom, accounting for 49.9% and 19.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,980	$3,100
Studio Rent	$2,500	$2,210
1 Bed Rent	$1,950	$1,970
2 Bed Rent	$2,600	$2,560
3 Bed Rent	$3,750	$3,920
4 Bed Rent	$4,200	$4,480

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% of Rental Stock

Studio

3.3%

1 Bedroom

19.3%

2 Bedrooms

49.9%

3 Bedrooms

18.0%

4 Bedrooms

8.6%

5+ Bedrooms

0.9%

Property Listings — Fallbrook, CA

As of Nov '25, Realtor.com reports that the median days on market for a home in Fallbrook, CA is 63. This is a increase of 16.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$987,000	-4.0%
Listing Count	233	22.0%
Listings as % of Homes	0.8%	22.0%
Days on Market	63	16.0%

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Demographics — Fallbrook, CA

As of the latest ACS Survey released in 2023, Fallbrook, CA has a population of 50,900, which has increased by 3.1% over the past 5 years. Fallbrook, CA is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 35.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	50,900	3.1%
% Under 18	24.7%	11.3%
% Seniors	19.6%	-1.5%
% WFH	13.0%	42.9%
% w/ College Degree	35.4%	13.5%

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As of the latest ACS Survey released in 2023, Fallbrook, CA is a predominantly white area, with 47.6% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Fallbrook, CA is hispanic, making up 42.2% of the population. Foreign-born residents account for 20.5% of the population in Fallbrook, CA, and this percentage has increased by 5.7% 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	47.6%	-13.6%
% Black	1.9%	-13.6%
% Hispanic	42.2%	11.1%
% Asian	4.2%	68.0%
% Foreign Born	20.5%	5.7%

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Mortgage and Risk — Fallbrook, CA

According to HUD data as of 2023, there were 1010 mortgage originations in Fallbrook, CA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Fallbrook, CA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,010
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Fallbrook, CA

As of 2024, the percent of homes in Fallbrook, 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 Fallbrook, 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	182
Total Units Section 8	177
% Rentals under Section 8	3.7%
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$150	$1,950	$1,800
2 Bedroom	-$370	$2,600	$2,230
3 Bedroom	-$770	$3,750	$2,980
4 Bedroom	-$570	$4,200	$3,630

Fallbrook, CA—92028

Key Metrics at a Glance

Home Price Trends — Fallbrook, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fallbrook, CA

% of Rental Stock

Property Listings — Fallbrook, CA

Demographics — Fallbrook, CA

Race and Ethnicity

Mortgage and Risk — Fallbrook, CA

Mortgages

Rentals and Section 8 — Fallbrook, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Fallbrook, CA

Home Price to Income Ratio

Fallbrook, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Temecula, CA

Bonsall, CA

Oceanside, CA

Oceanside, CA

Vista, CA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.7
Median Home Price	$855,000
Median Household Income	$102,000

Fallbrook, CA—92028

Key Metrics at a Glance

Home Price Trends — Fallbrook, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fallbrook, CA

% of Rental Stock

Property Listings — Fallbrook, CA

Demographics — Fallbrook, CA

Race and Ethnicity

Mortgage and Risk — Fallbrook, CA

Mortgages

Rentals and Section 8 — Fallbrook, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Fallbrook, CA

Home Price to Income Ratio

Fallbrook, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Temecula, CA

Bonsall, CA

Oceanside, CA

Oceanside, CA

Vista, CA

Frequently Asked Questions

What is the average home price in Fallbrook, CA 92028?

How have home prices in Fallbrook, CA 92028 changed over the past year?

What is the home price projection for Fallbrook, CA 92028?

What are the demographics of Fallbrook, CA 92028?

How long does it take homes to sell in Fallbrook, CA 92028?

What is the average rent price in Fallbrook, CA 92028?