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San Diego County median rents for January were $2083 per month, topped only by San Francisco ($2392) and Los Angeles ($2232) among the 25 major metro markets, according to statistics released by Zillow this morning (March 13).

San Diego rents even topped the New York City ($1850) and Washington DC ($1992) metro areas. San Diego rents rose 2.9% from January 2011 to January 2012, a hair below the national average of 3%.

San Diego's median home value at $335,600 was also in third place, behind San Francisco ($463,800) and Los Angeles (383,200). San Diego values dropped 5.1% over the year, worse than the 4.6% decline of the combined metro areas.

(stock photo)

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Comments

valueinvestingisdead March 13, 2012 @ 7:47 a.m.

When you consider that 90% of San Diego jobs pay less than $10 an hour, you wonder how people can afford to live there? Staggering.

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Don Bauder March 13, 2012 @ 12:04 p.m.

Interesting that home values have fallen about 40% since peaking out in late 2005, but the median price is still $335,600, third highest among the top 25 metro areas. Compare that figure with the median income figures: $31,000 per capita, $63,000 per household and you see once again that San Diegans are really squeezed. Best, Don Bauder

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Don Bauder March 13, 2012 @ noon

San Diego's median personal income is $30,715 and median household income a bit above $63,000. So you can see that rents take a big bite out of income. Best, Don Bauder

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