The story of this market
The typical home in ZIP 92129 sells for about $1,238,000, or $656 per square foot.
Prices are down 10.1% from a year ago, which gives buyers more room to negotiate. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $2,761 a month.
ZIP 92129 — San Diego
The 92129 housing market is currently experiencing a cooling phase, with median sale prices declining 10.1% year-over-year to $1.2M. Sales volume has decreased, and homes are taking longer to sell compared to the previous year, reflecting a shift toward a more balanced or buyer-leaning market.
This ZIP is ideal for family buyers seeking suburban stability and access to top-rated schools, as well as professionals commuting to nearby tech and defense employment hubs.
Median prices moved down 10.1% year over year.
Homes spend a median of 31 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 4.3% — a stable, low-distress profile.
Built from 35 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92129, San Diego County, CA
The area is served by highly regarded schools within the Poway Unified School District, which is frequently cited for its academic performance.
The area features a mix of established residential communities and proximity to major employment hubs in the I-15 corridor, with ongoing demand for suburban housing.
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 typically commute via the I-15 and SR-56 corridors, with a mean travel time to work of approximately 23.7 minutes.
The area includes access to numerous parks and trails within the Rancho Peñasquitos neighborhood, with proximity to regional shopping and dining centers.
The rental market is characterized by high demand due to the area's proximity to major employment centers and desirable school districts.
The local economy is anchored by proximity to major San Diego employment sectors, including technology, defense, and life sciences.
The area is primarily served by the I-15 and SR-56 highway corridors, facilitating access to the broader San Diego metropolitan area.
Development is largely focused on infill and residential upgrades within the established Rancho Peñasquitos community.
Parcels are primarily served by the Poway Unified School District and various local utility and flood control districts.
Data retrieved from Census Reporter profiles for ZCTA 92129.
A master-planned community known for its suburban layout and access to open space.
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.