The story of this market
The typical home in ZIP 92124 sells for about $898,611, or $538 per square foot.
Prices are down 8.9% from a year ago, which gives buyers more room to negotiate. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,200 a month.
ZIP 92124 — San Diego
The 92124 housing market is currently experiencing a price correction, with median sale prices down 8.9% year-over-year as of August 2026. Despite this, the market remains competitive with a low median days on market of 23 days, indicating sustained demand for well-priced inventory. The area continues to attract families and professionals due to its strong school ratings and proximity to major San Diego employment hubs.
This ZIP is ideal for families and professionals seeking a suburban environment with strong school access and proximity to major San Diego employment centers.
Median prices moved down 8.9% year over year.
Homes spend a median of 23 days on market with 3.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 4.6% — 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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 92124, San Diego County, CA
The area generally experiences lower crime rates compared to the broader San Diego urban core, with property crime being the primary concern.
Schools serving the area are generally well-regarded, with many institutions within the San Diego Unified School District maintaining strong academic performance ratings.
The area faces moderate wildfire risk typical of San Diego County's inland canyons and hillsides, necessitating standard fire-safety and insurance considerations.
Economic momentum is driven by proximity to major San Diego employment hubs, including defense, biotech, and technology sectors, with limited new land for large-scale development.
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.
Residents typically commute via I-15 or SR-52, providing direct access to downtown San Diego and the Kearny Mesa employment centers.
The area features extensive access to Mission Trails Regional Park, offering numerous hiking and biking trails, alongside local community parks and proximity to major shopping centers.
The rental market is characterized by high demand and low vacancy rates, driven by the area's desirability for families and professionals working in nearby tech corridors.
The economy is anchored by the broader San Diego regional market, with significant employment in defense, aerospace, and life sciences.
The area is served by major highway corridors including I-15 and SR-52, facilitating regional transit.
Development is primarily focused on infill and residential renovation due to the built-out nature of the community.
The San Diego County Assessor's office manages property valuations based on Proposition 13 guidelines.
Parcels are subject to San Diego Unified School District taxes and various municipal utility assessments.
Property insurance premiums are influenced by regional wildfire risk assessments and state-wide market conditions.
Data retrieved from US Census Bureau ZCTA 92124 profile.
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.
One of the largest urban parks in the US, offering extensive hiking and nature trails.
Local hub for sports and community gatherings.
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.