The story of this market
The typical home in ZIP 92108 sells for about $550,000, or $577 per square foot.
Prices are down 12.35% from a year ago, which gives buyers more room to negotiate. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $3,095 a month.
ZIP 92108 — San Diego
The 92108 housing market is currently experiencing a correction with median listing prices down over 12% year-over-year. High rental demand persists due to the area's central location, though sales volume remains low. Market conditions are driven by broader economic pressures and a high concentration of renter-occupied housing.
This ZIP is ideal for young professionals, commuters, and renters who prioritize central access to San Diego's employment centers and retail amenities over single-family home ownership.
Median prices moved down 12.3% year over year.
Homes spend a median of 35 days on market with 6.9 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 92108, San Diego County CA
The area is served by the San Diego Unified School District, with schools generally reflecting the urban character of the Mission Valley region.
The area is subject to standard California wildfire and seismic risk protocols, with flood risk primarily associated with the San Diego River corridor.
Mission Valley is a major commercial and retail hub in San Diego, featuring significant ongoing mixed-use redevelopment and high-density residential expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%). County (San Diego County, California) — Secured Property Tax Lien: Taxes attach to the property as a lien on January 1st (Lien Date) each year. Failure to pay can result in the sale of the property to satisfy the tax obligation. County (San Diego County, California) — Ad Valorem Property Tax (Proposition 13): The base tax rate is 1% of the assessed value, plus voter-approved debt service rates.
The ZIP offers excellent access to major transit corridors including I-8, I-805, and I-15, with central proximity to downtown San Diego and employment hubs in Kearny Mesa.
The area features extensive access to the San Diego River Trail, multiple shopping centers like Westfield Mission Valley, and proximity to Presidio Park and Balboa Park.
The rental market is highly active with a 72% renter-occupancy rate, characterized by high-density apartment complexes and steady demand due to central location.
The economy is driven by retail, hospitality, and professional services, benefiting from its status as a central geographic hub in San Diego.
The area is well-served by the San Diego Trolley Green Line and major freeway interchanges, facilitating regional connectivity.
Significant focus on high-density residential infill and transit-oriented development along the San Diego River corridor.
The San Diego County Assessor manages property valuations based on annual assessment rolls and transfer-based adjustments.
Parcels are subject to San Diego Unified School District taxes and various municipal utility and flood control assessments.
Property insurance premiums are influenced by regional wildfire risk and urban density factors.
Data retrieved from Census ACS and City-Data profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Major regional retail and dining anchor.
Extensive multi-use path for recreation.
Prominent local golf facility undergoing redevelopment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Governs Carmel Mountain Ranch
Standard master-planned residential restrictions including mandatory architectural review for modifications, restrictions against commercial business operations visible to the exterior, vehicle parking guidelines, and leasing compliance rules.
Governs La Jolla Colony
Architectural review guidelines governing exterior modifications, restrictions against public nuisances, designated vehicle parking regulations, pet policies, and residential leasing subject to association rules.
Governs Villa Portofino
Planned unit development covenants requiring architectural review approval prior to exterior alterations, strict common-element parking rules, restrictions on short-term leasing, and pet limitation rules.
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.