San Carlos, San Diego, CA—92119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — San Carlos, San Diego, CA
As of Oct '25, the median home price in San Carlos, San Diego, CA is $957,000, with a year-over-year change of -4.2%. This indicates that home prices in San Carlos, San Diego, CA are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $957,000 | -4.2% |
| Single Family | $1,015,000 | -4.1% |
| Condos | $496,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $366,000 | -9.4% |
2 Bed | $512,000 | -7.9% |
3 Bed | $918,000 | -4.4% |
4 Bed | $1,090,000 | -3.6% |
| 5 Bed | $1,162,000 | -4.4% |
% of Housing Stock
Rental Trends — San Carlos, San Diego, CA
As of July '25, Rentcast reports the average rent in San Carlos, San Diego, CA is $2,680, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in San Carlos, San Diego, CA is studios: $1,900, 1-bedrooms: $2,240, 2-bedrooms: $2,800, 3-bedrooms: $3,660, 4-bedrooms: $4,580. The most common rental property sizes in San Carlos, San Diego, CA are 2-bedroom and 3-bedroom, accounting for 40.7% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,680 |
| Studio Rent | $1,820 | $1,900 |
| 1 Bed Rent | $2,170 | $2,240 |
| 2 Bed Rent | $2,630 | $2,800 |
| 3 Bed Rent | $3,550 | $3,660 |
| 4 Bed Rent | $4,500 | $4,580 |
% of Rental Stock
Property Listings — San Carlos, San Diego, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in San Carlos, San Diego, CA is 35. This is a increase of 18.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $768,000 | -22.0% |
Listing Count | 62 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 35 | 18.0% |
Demographics — San Carlos, San Diego, CA
As of the latest ACS Survey released in 2023, San Carlos, San Diego, CA has a population of 24,900, which has increased by 3.7% over the past 5 years. San Carlos, San Diego, CA is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 55.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 3.7% |
% Under 18 | 21.3% | 7.0% |
% Seniors | 19.7% | -2.5% |
% WFH | 24.4% | 216.9% |
% w/ College Degree | 55.5% | 13.5% |
As of the latest ACS Survey released in 2023, San Carlos, San Diego, CA is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in San Carlos, San Diego, CA is hispanic, making up 17.5% of the population. Foreign-born residents account for 10.3% of the population in San Carlos, San Diego, CA, and this percentage has decreased by 16.9% 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 | 61.8% | -10.0% |
% Black | 3.7% | -5.1% |
% Hispanic | 17.5% | -2.2% |
% Asian | 8.6% | 32.3% |
% Foreign Born | 10.3% | -16.9% |
Mortgage and Risk — San Carlos, San Diego, CA
According to HUD data as of 2023, there were 360 mortgage originations in San Carlos, San Diego, CA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in San Carlos, San Diego, CA. Investor activity is low, as 3.0% 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 | 360 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — San Carlos, San Diego, CA
As of 2024, the percent of homes in San Carlos, San Diego, CA under the Section 8 program is 14.4%. 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 San Carlos, 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 | 372 |
Total Units Section 8 | 372 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $2,170 | $2,370 |
| 2 Bedroom | $300 | $2,630 | $2,930 |
| 3 Bedroom | $370 | $3,550 | $3,920 |
| 4 Bedroom | $270 | $4,500 | $4,770 |
Affordability — San Carlos, San Diego, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $957,000 |
| Median Household Income | $116,000 |