Home Affordability in San Diego, CA
The median home price in San Diego is $900,000 with a median household income of $85,750. Housing is significantly stretched relative to local incomes.
Median Home Price
$900,000
Median Income
$85,750
Price-to-Income Ratio
10.5x
Est. Affordable Home
$333,000
Property Tax Rate
0.73%
Annual Property Tax
$6,570
Sales Tax Rate
7.75%
Cost of Living Index
160
Buying a Home in San Diego
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $85,750 in San Diego can afford a monthly housing payment of approximately $2,001. This translates to a home price of roughly $333,000, which is below the median home price of $900,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in San Diego would be approximately $6,570 per year ($548/month) at the effective rate of 0.73%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $27,000 | $873,000 | Yes |
| 5% | $45,000 | $855,000 | Yes |
| 10% | $90,000 | $810,000 | Yes |
| 20% | $180,000 | $720,000 | No |
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