Real Estate Investing in San Diego, California (92122)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 92122 (San Diego, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.4 — hard to cash-flow at these prices.
What’s happening in San Diego, CA (92122)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 92122 San Diego
Stepping back, ZIP 92122 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.1M median. It rewards specialists, not generalists.
From an investor standpoint, the numbers look inviting — $1.1M purchase price, 0.0% nominal cap — the work to hit that pro forma in 92122 is substantial and deserves full respect.
Regionally, 92122 sits on the difficult end of the CA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 92122 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 92122 is an operator game, not a passive one. Looking more closely, entry prices of $1.1M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in San Diego:
Property Strategy for 92122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $507,349 | $3,230 | 4.6% | +6.8% | $507,349 |
| 2BR | $716,195 | $3,940 | 4.0% | +5.4% | $358,098 |
| 3BR | $1,263,350 | $5,250 | 3.0% | +8.7% | $421,117 |
| 4BR | $1,600,567 | $6,360 | 2.9% | +8.6% | $400,142 |
| 5BR | $1,743,422 | — | — | +8.5% | $348,684 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 92122 Compare?
| Metric | 92122 | San Diego | San Diego-Chula Vista-Carlsbad, CA | California |
|---|---|---|---|---|
| Home Value | $1,089,232 | $867,955 | N/A | $761,003 |
| 5-Year CAGR | 5.0% | 4.8% | N/A | 5.7% |
| Avg Rent | $3,314 | $3,152 | N/A | - |
| Cap Rate | 2.4% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 92122 (San Diego, CA). Anonymous, moderated, never written by AI.
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Property managers serving San Diego County
Manage rentals here? List your business →33 Property Management offers residential and multi-family property management services in North County San Diego and Riverside, CA. summary from their website
This domain is for sale. summary from their website
Advent provides quality property management services throughout Southern California, focusing on customer service and using modern property management tools. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,089,232 |
| Monthly Rent | $3,314 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 92122
Population: 45,437
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 92122
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lafayette Elementary
Innovation Middle
Creative Performing and Media Arts
Sequoia Elementary
Whittier K-12
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,464 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is San Diego, CA a friendly market for rental owners?
CA ranks as a tenant-protective state for landlord-tenant law. San Diego generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is the working-renter base in San Diego, CA?
The tenant pool in San Diego, CA is solid, supported by local employment and population fundamentals. Rents of $3,314/mo are well-absorbed by the market.
What is the average home sale price in San Diego, CA?
Homes in San Diego, CA typically sell near $1.1M. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Can I live-in-and-rent in San Diego, CA?
For house hackers, San Diego, CA is a tougher. The $3,314/mo rent on a unit helps defray the mortgage on a $1.1M property.
What is the rental occupancy rate in San Diego, CA?
San Diego, CA sees elevated vacancy, which is reasonable relative to the broader CA rental market.
You know 92122 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 92122 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 92122 ranks in San Diego-Chula Vista-Carlsbad, CA
Every ZIP in this metro, ranked. Free.
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