The story of this market
The typical home in ZIP 92115 sells for about $799,000, or $615 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,979 a month.
ZIP 92115 — San Diego
The 92115 housing market remains stable, driven by consistent demand from the SDSU student and faculty population. While inventory remains tight, price growth has moderated compared to previous years, reflecting broader regional trends in the San Diego market.
This ZIP is ideal for real estate investors targeting student housing, faculty members seeking proximity to SDSU, and first-time homebuyers looking for urban accessibility. It is less suited for those seeking quiet, low-density suburban environments.
Median prices moved up 2.5% year over year.
Homes spend a median of 34 days on market with 2.8 months of supply — a fast-moving market.
18% 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 7.4% · poverty 20.9% — a mixed stability 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 7.3%/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 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 92115, San Diego County, CA
Crime rates in the 92115 area are generally consistent with urban San Diego averages, with property crime being the most frequently reported concern. Residents often utilize neighborhood watch programs to mitigate risks common to high-density residential corridors.
The area is served by the San Diego Unified School District, featuring a mix of schools with varying performance ratings. Local educational quality is often cited as a primary driver for family-oriented housing demand in the Rolando and College Area neighborhoods.
The ZIP code is primarily an urban environment with low direct wildfire risk compared to inland San Diego County, though it remains subject to standard regional seismic and drought-related insurance considerations. Flood risk is minimal, concentrated primarily near localized drainage basins.
Economic momentum is anchored by the proximity to San Diego State University, which drives consistent demand for student housing and faculty rentals. Infrastructure improvements focus on transit-oriented development along the University Avenue corridor.
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%).
Residents benefit from proximity to Interstate 8 and Highway 94, providing direct access to Downtown San Diego and the Mission Valley employment hubs. Public transit access is supported by the San Diego Trolley Green Line, which serves the SDSU area.
The area features significant recreational access, including Chollas Lake Park for fishing and hiking, and proximity to the SDSU campus facilities. Shopping and dining are concentrated along the University Avenue and College Grove corridors.
The rental market is highly competitive due to the large student population and proximity to SDSU, resulting in low vacancy rates and consistent upward pressure on rents. Investor interest remains strong for multi-family conversions and student-focused housing.
The economy is heavily influenced by the education sector, specifically San Diego State University, alongside retail and healthcare services. The area serves as a residential hub for professionals commuting to Downtown San Diego and Mission Valley.
The area is well-connected via the I-8 and I-805 corridors, with the San Diego Trolley providing essential rail transit. Infrastructure focus remains on improving pedestrian connectivity and bus rapid transit frequency.
Development is focused on high-density residential projects near the SDSU trolley station and the revitalization of the University Avenue commercial corridor.
The San Diego County Assessor's office manages property valuations, adhering to strict Proposition 13 guidelines for annual assessment caps.
Parcels are subject to San Diego Unified School District taxes and various municipal utility districts for water and sewage services.
Property insurance premiums are rising due to regional wildfire risk factors, though 92115 is considered lower risk than the eastern county foothills.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
A popular local park featuring a lake, walking trails, and fishing opportunities.
Major anchor institution driving local economy and housing demand.
Primary regional shopping destination serving the 92115 area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
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.
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 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.
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.