United States · North America · Population: 1,400,000
San Diego is a challenging market for first-time buyers, with steady growth in property values. The city has one of the most expensive rental markets. At $850,000 average home price in United States, buyers should consider the 11.2x price-to-income ratio when planning a purchase.
| Average Home Price | $850,000 |
| Price per sqm | $8,500 |
| Price-to-Income Ratio | 11.2x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +1.2% |
| 1-Bedroom Apartment | $2,600/mo |
| 3-Bedroom Apartment | $3,800/mo |
| Rent-to-Income Ratio | 35% |
| Median Household Income | $76,000/year |
| Years to Buy (at median income) | 11.2 years |
| Local Currency | USD |
With a price-to-income ratio of 11.2x, San Diego requires significant savings to purchase property. At a mortgage rate of 6.8%, monthly payments could consume a large share of income. Home prices have increased 1.2% in the past year.
Cities worldwide with home prices closest to San Diego
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