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San Diego city, CA

ZIP 92123 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 92123

Median Home Value
$799,600
Median Rent
$2,631
Affordability Snapshot
$220,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,136/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 92123 in San Diego city, CA, a household would need roughly $220,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,136. That is about 81% above the local median household income ($121,856), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
43.9%-33% vs US avg
x
Vacancy Rate
5.7%-45% vs US avg
x
Broadband Access
97.8%+12% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
30.1%-39% vs US avg
x
Mortgage-Free
30.3%-21% vs US avg
x
$799,600
Home Value
$2,631
Rent
1978
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached42.4%
  • 1-unit attached10.2%
  • 2-9 units11.8%
  • 10+ units35.6%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$799,600
Median rent$2,631
Owner-occupied43.9%
Vacant5.7%
Price-to-income6.6x
Est. income to buy$220,000