Matthew Lickona 8:30 a.m., Oct. 20
San Diego Home Value, Rent Growth Lag Other Metro Areas
Nationally, July home values in major metro markets rose 1.2% from a year ago, according to Zillow.com. But San Diego's values dropped 0.6% on a year-over-year basis. But San Diego home values are far more expensive: the median local value is now $344,200. That's the third most expensive among 25 major metro areas, topped only by San Francisco and Los Angeles. San Diego's monthly rents at $2,092 lag only San Francisco and Los Angeles. However, the local rent index rose only 0.4% from a year ago, lagging the national metro increase of 5.4%.