Historical Vacancy Rate 2005 to 2016...92109 Pacific Beach2.6% 265 7 2.3% 216 5 0.0% 21 0 7.1% 28 2...
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RentalOwner June2016 | 9 T he SDCAA Spring 2016 Vacancy & Rental Rate Survey results show a 4.5 percent vacancy rate and leveling rents in units surveyed. The vacancy rate for the San Diego region this Spring is 4.5 percent. This past Fall 2015 it was 2.6 percent while a year ago this time the vacancy rate was 4.1 percent. When looking at just the City of San Diego, the vacancy rate is 3.2 percent, slightly higher than the 2.8 percent reported in Fall 2015. Broken down by region, the vacancy rate in the South Bay was 6.3 percent, East County was 6.0 percent and North County at 2.8 percent. The higher rates in the south and east could be attributed to a few new developments that have come online and property owners choosing to revitalize units as they become vacant. Despite the higher vacancy rate, the San Diego region still has a deficit of housing units of all types and for all income levels. As conversations both in San Diego and throughout the state center around the “housing crisis,” it is important to note that many of these vacancies are due to temporary factors. As local governments work on their community plans, housing elements and general plans, policies should be adopted that help reduce barriers to developing housing. Existing properties cannot meet the growing demand and as operating costs such as water and sewer charges, worker’s compensation, property taxes and more continue to increase, property owners are challenged to keep rents artificially low. Much of the San Diego region’s rental housing stock is comprised of smaller multifamily complexes, often owned by individuals or families versus corporations. The overall weighted average rent for Spring 2016 was $1,560, a 3.1 percent increase from the $1,513 reported in both Spring and Fall of 2016. When looking at specific unit types, the weighted average rent reported for studio units was $1,084, $1,368 for 1-bedroom units, $1,637 for 2-bedroom units, and $2,082 for units with three or more bedrooms. Compared to Fall 2015, rents for studio and 1-bedroom units increased just over 3 percent. Rents for 2-bedroom units increased only .18 percent. Rent for units with three or more bedrooms showed an increase of about 10 percent. The SDCAA Vacancy & Rental Spring 2016 Vacancy & Rental Rate Survey © Bahadir Yeniceri | Dreamstime.com
Transcript of Historical Vacancy Rate 2005 to 2016...92109 Pacific Beach2.6% 265 7 2.3% 216 5 0.0% 21 0 7.1% 28 2...
RentalOwner June2016 | 9
The SDCAA Spring 2016 Vacancy & Rental Rate Survey results show a 4.5 percent vacancy rate and
leveling rents in units surveyed.
The vacancy rate for the San Diego region this Spring is 4.5 percent. This past Fall 2015 it was 2.6 percent while a year ago this time the vacancy rate was 4.1 percent. When looking at just the City of San Diego, the vacancy rate is 3.2 percent, slightly higher than the 2.8 percent reported in Fall 2015. Broken down by region, the vacancy rate in the South Bay was 6.3 percent, East County was 6.0 percent and North County at 2.8 percent. The higher rates in the south and east could be attributed to a few new developments that have come online and property owners choosing to revitalize units as they become vacant.
Despite the higher vacancy rate, the San Diego region still has a deficit of housing units of all types and for all income levels. As conversations both in San Diego and throughout the state center around the “housing crisis,” it is important to note that many of these vacancies are due to temporary factors. As local governments work on their community plans, housing elements and general plans, policies should be adopted that help reduce barriers to developing housing. Existing properties cannot meet the growing demand and as operating costs such as water and sewer charges, worker’s compensation, property taxes and more continue to increase, property owners are challenged to keep rents artificially low. Much of the San Diego region’s rental
housing stock is comprised of smaller multifamily complexes, often owned by individuals or families versus corporations.
The overall weighted average rent for Spring 2016 was $1,560, a 3.1 percent increase from the $1,513 reported in both Spring and Fall of 2016. When looking at specific unit types, the weighted average rent reported for studio units was $1,084, $1,368 for 1-bedroom units, $1,637 for 2-bedroom units, and $2,082 for units with three or more bedrooms. Compared to Fall 2015, rents for studio and 1-bedroom units increased just over 3 percent. Rents for 2-bedroom units increased only .18 percent. Rent for units with three or more bedrooms showed an increase of about 10 percent.
The SDCAA Vacancy & Rental
Spring 2016 Vacancy & Rental Rate Survey
© B
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10 | RentalOwner June 2016
Rate Survey differs from other local rental surveys as it includes a range of rental property types including single family homes, condos, townhomes, duplexes, and both small and large multifamily complexes. Other rental market surveys reflect results for a higher number of units but include only larger multifamily rental complexes. The SDCAA’s Vacancy and Rental Rate Survey is performed twice a year to provide a “snapshot” of industry conditions and is the oldest and most comprehensive of its kind in the San Diego region.
Varying levels of responses in some zip codes have made it difficult to ascertain a clear picture of the direction of overall changes in rents. It is suggested rents be reviewed at the individual zip code levels and then examined further through additional research.
The Spring 2016 survey was mailed in March to nearly 6,000 rental property owners and managers throughout San Diego County, for which it received responses from 21,096 units. Survey responses are solicited from a range of property sizes, ages and amenity levels in
order to more closely reflect the wide variety of rental housing available to area residents. Due to the fluctuating response levels of this methodology, comparisons among survey periods do not necessarily reflect the performance of a particular sample of rental units over time.
Historical Vacancy Rate 2005 to 2016
Year SurveyOverall Total Vacancy Rate
Overall Total Units
City of San Diego Vacancy Rate
City of San Diego Total
Units
County of San Diego Vacancy Rate
County of San Diego Total Units
2005Spring 3.9% 50,017 3.9% 21,725 4.0% 28,292
Fall 4.4% 41,958 4.3% 20,563 4.5% 21,395
2006Spring 3.4% 42,152 3.4% 19,627 3.4% 22,525
Fall 3.1% 37,113 2.8% 22,237 3.5% 14,876
2007Spring 5.1% 50,268 5.4% 27,142 4.7% 23,126
Fall 3.4% 38,430 3.5% 23,410 3.3% 15,020
2008Spring 4.8% 38,763 5.3% 23,124 4.0% 15,639
Fall 3.6% 37,304 3.7% 17,724 3.6% 19,580
2009Spring 5.4% 33,367 5.0% 18,397 5.8% 14,970
Fall 5.0% 38,207 5.1% 20,455 4.9% 17,752
2010Spring 4.9% 50,089 5.2% 24,275 4.6% 25,814
Fall 4.6% 36,458 5.1% 18,374 4.1% 18,084
2011Spring 3.9% 25,905 4.1% 10,720 3.7% 15,185
Fall 4.3% 19,915 3.8% 8,545 4.7% 11,370
2012Spring 4.5% 19,682 3.4% 6,991 5.1% 12,691
Fall 4.5% 25,566 3.4% 9,686 5.1% 15,880
2013Spring 4.5% 26,908 4.8% 9,909 4.4% 16,999
Fall 4.1% 17,940 3.4% 6,135 4.5% 11,805
2014Spring 2.8% 12,663 2.7% 4,513 2.8% 8,150
Fall 2.3% 16,396 2.2% 8,434 2.4% 7,962
2015Spring 4.1% 18,314 4.2% 10,627 4.0% 7,687
Fall 2.6% 19,768 2.8% 9,851 2.5% 9,917
2016Spring 4.5% 21,096 3.2% 9,005 5.5% 12,091
Fall
RentalOwner June2016 | 11
City of San Diego Vacancy Rates by Community & Property Age
Zip CodesCity/Area
Name
All Units Over 25 Years 6 to 25 Years Less Than 6 YearsProperty Age
Undefined
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
92037, 93, 161 La Jolla 0.9% 227 2 0.9% 225 2 0.0% 1 0 0.0% 1 0
92101Downtown San Diego 1.0% 101 1 2.4% 41 1 0.0% 55 0 0.0% 5 0
92102
Golden Hill/ Mt. Hope/ Chollas View 10.5% 57 6 8.7% 46 4 0.0% 1 0 20.0% 10 2
92103Hillcrest / Mission Hills 3.5% 170 6 2.6% 154 4 0.0% 1 0 13.3% 15 2
92104 North Park 2.2% 277 6 0.9% 221 2 0.0% 7 0 8.2% 49 4
92105
City Heights / East San Diego 3.2% 95 3 2.6% 78 2 5.9% 17 1
92106 Point Loma 0.0% 14 0 0.0% 14 0
92107 Ocean Beach 1.4% 280 4 0.5% 197 1 3.6% 83 3
92108 Mission Valley 6.1% 378 23 0.0% 3 0 0.0% 2 0 6.2% 373 23
92109 Pacific Beach 2.6% 265 7 2.3% 216 5 0.0% 21 0 7.1% 28 2
92110Old Town / Bay Park 0.0% 89 0 0.0% 31 0 0.0% 4 0 0.0% 54 0
92111 Linda Vista 1.1% 181 2 0.6% 173 1 0.0% 5 0 33.3% 3 1
92113 Logan Heights 4.1% 73 3 3.6% 56 2 5.9% 17 1
92114 Encanto 0.0% 89 0 0.0% 89 0
92115College Grove 0.8% 647 5 3.0% 134 4 0.0% 6 0 0.2% 507 1
92116Normal Heights 2.2% 181 4 2.1% 145 3 0.0% 14 0 4.5% 22 1
92117 Clairemont 5.8% 684 40 7.0% 531 37 2.0% 153 3
92119 San Carlos 1.6% 187 3 0.0% 2 0 1.6% 183 3 0.0% 2 0
92120 Del Cerro 2.1% 141 3 1.6% 125 2 6.3% 16 1
92122University City 3.7% 273 10 3.7% 273 10
92123
Kearny Mesa/Serra Mesa 0.0% 5 0 0.0% 3 0 0.0% 2 0
92124 Tierrasanta 16.7% 6 1 0.0% 4 0 0.0% 1 0 100.0% 1 1
92126 Mira Mesa 2.2% 1,301 29 1.9% 808 15 2.8% 492 14 0.0% 1 0
92127 Westwood 0.7% 427 3 0.0% 25 0 0.7% 402 3
92128Rancho Ber-nardo 33.3% 3 1 0.0% 2 0 100.0% 1 1
92129Rancho Peñasquitos 0.0% 34 0 0.0% 34 0
92130 Carmel Valley 3.1% 160 5 3.1% 160 5
92131Scripps Ranch / Miramar 0.0% 5 0 0.0% 4 0 0.0% 1 0
92154 Otay Mesa 4.5% 2,651 118 2.8% 644 18 2.8% 395 11 7.1% 1049 74 2.7% 563 15
92139 Paradise Hills 0.0% 4 0 0.0% 4 0
12 | RentalOwner June 2016
County of San Diego Vacancy Rates by Community & Property Age
Zip CodesCity/Area
Name
All Units Over 25 Years 6 to 25 Years Less Than 6 YearsProperty Age
Undefined
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Num-ber
Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
91901 Alpine 0.0% 1 0 0.0% 1 0
91902 Bonita 0.0% 1 0 0.0% 1 0
91907, 09, 10, 11, 12, 13, 14, 15
Chula Vista
7.7% 3,497 270 2.0% 1191 24 25.4% 787 200 1.5% 465 7 3.7% 1054 39
91932, 33Imperial Beach 8.1% 185 15 8.9% 146 13 5.1% 39 2
91941, 42, 43, 44
La Mesa11.8% 1,388 164 3.3% 456 15 5.8% 539 31 55.1% 198 109 0.0% 2 0
91940, 45, 46
Lemon Grove0.0% 53 0 0.0% 39 0 0.0% 14 0
91950, 51 National City 0.0% 93 0 0.0% 90 0 0.0% 2 0 0.0% 1 0
91976, 77, 78, 79
Spring Valley
3.2% 347 11 3.9% 230 9 1.7% 117 2
92007Cardiff By the Sea 7.1% 14 1 7.1% 14 1
92023, 24 Encinitas 2.8% 36 1 0.0% 35 0 100.0% 1 1
92025, 26, 27, 29
Escondido1.4% 364 5 0.7% 274 2 0.0% 1 0 0.0% 1 0 3.4% 88 3
92008, 09, 10, 11
Carlsbad1.8% 442 8 1.9% 415 8 0.0% 3 0 0.0% 24 0
92014 Del Mar 3.0% 135 4 3.0% 133 4 0.0% 2 0
92019, 20, 21, 22, 90
El Cajon3.7% 1,816 68 4.9% 1392 68 0.0% 386 0 0.0% 34 0
92028Fallbrook/ Rainbow 0.0% 86 0 0.0% 86 0
92040 Lakeside 2.8% 36 1 2.8% 36 1
92049, 50, 51, 52, 54, 56, 57, 58
Oceanside
1.6% 883 14 1.5% 687 10 2.0% 196 4
92064, 74 Poway 0.0% 69 0 0.0% 69 0
92069, 73, 76, 77, 78, 79
San Marcos2.0% 497 10 1.9% 257 5 3.3% 151 5 0.0% 89 0
92071 Santee 2.6% 741 19 2.2% 316 7 1.3% 79 1 3.2% 346 11
92075Solana Beach 5.0% 20 1 5.3% 19 1 0.0% 1 0
92081, 83, 84, 85
Vista4.9% 1,349 66 5.7% 822 47 0.0% 10 0 3.7% 517 19
92082Valley Center 0.0% 13 0 0.0% 13 0
92118 Coronado 4.0% 25 1 4.2% 24 1 0.0% 1 0
RentalOwner June2016 | 13
Weighted Average RentsCity/Area Name Spring 2016 Spring 2016 Spring 2016
Number of Bedrooms
Units/Properties Surveyed
Average Mo. Rent
Average Rent per Sq. Ft.
City of San Diego (only)
Studio 362/46 $1,108 $2.41
1 Bedroom 3074/169 $1,431 $2.09
2 Bedrooms 4693/231 $1,692 $1.70
3+ Bedrooms 876/76 $2,123 $1.69
County of San Diego (Including the City of
San Diego)
Studio 754/81 $1,084 $2.36
1 Bedroom 7291/293 $1,368 $2.02
2 Bedrooms 11366/442 $1,637 $1.72
3+ Bedrooms 1685/158 $2,082 $1.67
In an effort to promote
responsibility when
considering rent adjustments,
the SDCAA has developed a
resource guide, the "Rent
Adjustment kit." For a free copy please contact
the SDCAA at
Vacancy Report By Region Location Age of Property Percent Vacant Total Units Number Vacant
East County
Less than 6 years 55.1% 198 109
6-25 years 3.1% 1,019 32
Over 25 Years 4.1% 2,469 100
Age Undefined 3.2% 696 22
Total 6.0% 4,382 263
North County
Less than 6 years 25.0% 4 1
6-25 years 3.0% 166 5
Over 25 Years 2.8% 2,824 78
Age Undefined 2.8% 914 26
Total 2.8% 3,908 110
City of San Diego
Less than 6 years 0.0% 0 0
6-25 years 1.7% 1,198 20
Over 25 Years 2.6% 3,798 100
Age Undefined 3.5% 1,358 47
Total 2.6% 6,354 167
South Bay
Less than 6 years 5.4% 1,514 81
6-25 years 17.8% 1,185 211
Over 25 Years 2.7% 2,096 56
Age Undefined 3.4% 1,657 56
Total 6.3% 6,452 404
Countywide Total 4.5% 21,096 944
Vacancy Report By County/CityLocation Age of Property Percent Vacant Total Units Number Vacant
County of San Diego
Less than 6 years 17.5% 667 117
6-25 years 12.0% 1,975 237
Over 25 years 3.2% 6,745 216
Age Undefined 3.3% 2,704 89
Total 5.5% 12,091 659
City of San Diego Less than 6 years 7.0% 1,049 74
6-25 years 2.0% 1,593 31
Over 25 years 2.7% 4,442 118
Age Undefined 3.2% 1,921 62
Total 3.2% 9,005 285
Countywide Total 4.5% 21,096 944
14 | RentalOwner June 2016
Vacancy Report by Unit Type - Property AgeAll Units Over 25 Years 6 to 25 Years Less Than 6 Years Property Age Undefined
Size of UnitsPercent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Studio 2.0% 754 15 1.3% 533 7 0.0% 13 0 0.0% 0 0 3.9% 208 8
1 Bedroom 5.7% 7,291 415 3.5% 3,998 141 10.3% 1,443 149 17.0% 399 68 3.9% 1,451 57
2 bedrooms 3.8% 11,366 430 2.7% 6,053 164 5.8% 1,806 104 9.6% 942 90 2.8% 2,565 72
3+ Bedrooms 5.0% 1,685 84 3.7% 603 22 4.9% 306 15 8.8% 375 33 3.5% 401 14
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In an effort to promote responsibility when considering rent adjustments, the SDCAA has
developed a resource guide, the "Rent Adjustment kit." For a free copy
please contact the SDCAA at
RentalOwner June2016 | 15
City of San Diego Weighted Average Rents by Community & Unit Type
Zip Code(s) City/Area Name Unit Type
Spring 2016 Units/ Properties Surveyed
Spring 2016 Average Monthly
Rent
Spring 2016 Average Rent/Sq. Foot
Fall 2015 Average Monthly
Rent
Spring 2015 Average Monthly Rent
92130 Carmel Valley
Studio 0/0 $0 $0.00 $0
1 Bedroom 160/1 $1,542 $2.46 $0
2 Bedrooms 0/0 $0 $0.00 $2,000
3+ Bedrooms 0/0 $0 $0.00 $0
92105City Heights / East San Diego
Studio 4/1 $825 $1.18 $730 $624
1 Bedroom 37/3 $1,125 $1.63 $855 $897
2 Bedrooms 52/10 $1,059 $1.31 $1,033 $1,084
3+ Bedrooms 2/2 $1,213 $0.87 $0 $1,698
92117 Clairemont
Studio 62/3 $1,160 $2.52 $1,209 $1,129
1 Bedroom 117/5 $1,280 $2.08 $1,336 $1,231
2 Bedrooms 486/5 $1,466 $1.79 $1,496 $1,440
3+ Bedrooms 19/5 $1,673 $1.72 $1,507 $1,708
92115 College Grove
Studio 3/2 $780 $1.46 $825 $0
1 Bedroom 182/9 $1,127 $1.59 $1,063 $985
2 Bedrooms 366/19 $1,554 $1.45 $1,489 $1,345
3+ Bedrooms 96/6 $2,296 $1.77 $2,071 $2,161
92120 Del Cerro
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 92/1 $1,100 $1.57 $0 $1,029
2 Bedrooms 48/4 $1,360 $1.37 $1,275 $1,316
3+ Bedrooms 1/1 $2,400 $1.30 $0 $0
92101 Downtown San Diego
Studio 5/2 $879 $1.69 $1,427 $1,018
1 Bedroom 82/5 $947 $1.43 $1,822 $1,299
2 Bedrooms 14/6 $2,479 $1.78 $2,068 $1,701
3+ Bedrooms 0/0 $0 $0.00 $2,481 $2,497
92114 Encanto
Studio 2/1 $700 $1.22 $795 $0
1 Bedroom 19/2 $780 $1.18 $815 $680
2 Bedrooms 34/3 $1,052 $1.30 $1,039 $800
3+ Bedrooms 34/3 $1,265 $1.30 $1,223 $1,116
92102Golden Hill / Mt. Hope /
Chollas View
Studio 5/2 $800 $2.11 $795 $678
1 Bedroom 30/6 $1,087 $1.75 $963 $932
2 Bedrooms 20/10 $1,283 $1.57 $1,205 $1,039
3+ Bedrooms 2/1 $2,700 $1.93 $0 $0
92103 Hillcrest / Mission Hills
Studio 12/4 $833 $2.13 $971 $2,483
1 Bedroom 61/12 $1,264 $1.99 $1,077 $1,174
2 Bedrooms 95/11 $1,650 $1.95 $1,669 $1,540
3+ Bedrooms 2/2 $2,600 $2.08 $380 $0
92123 Kearny Mesa
Studio 0/0 $0 $0.00 $0 $900
1 Bedroom 0/0 $0 $0.00 $0 $1,100
2 Bedrooms 0/0 $0 $0.00 $0 $1,306
3+ Bedrooms 5/5 $2,105 $1.84 $1,950 $1,600
92037, 93, 161
La Jolla
Studio 67/3 $1,374 $2.70 $1,175 $1,383
1 Bedroom 72/6 $1,600 $2.54 $1,610 $1,409
2 Bedrooms 86/9 $1,950 $1.77 $2,039 $1,800
3+ Bedrooms 2/2 $4,675 $1.57 $6,400 $1,510
16 | RentalOwner June 2016
City of San Diego Weighted Average Rents by Community & Unit Type Continued
Zip Code(s) City/Area Name Unit Type
Spring 2016 Units/ Properties Surveyed
Spring 2016 Average Monthly
Rent
Spring 2016 Average Rent/Sq. Foot
Fall 2015 Average Monthly
Rent
Spring 2015 Average Monthly Rent
92111 Linda Vista
Studio 16/5 $822 $1.62 $683 $783
1 Bedroom 99/6 $1,264 $1.94 $975 $800
2 Bedrooms 50/6 $1,577 $1.79 $1,343 $1,490
3+ Bedrooms 16/5 $1,473 $1.37 $1,341 $1,674
92113 Logan Heights
Studio 8/2 $700 $1.64 $850 $635
1 Bedroom 23/5 $922 $1.90 $933 $774
2 Bedrooms 42/7 $1,078 $1.37 $1,113 $985
3+ Bedrooms 0/0 $0 $0.00 $636 $636
92126 Mira Mesa
Studio 41/2 $1,195 $2.63 $0 $0
1 Bedroom 578/9 $1,563 $2.15 $1,157 $1,409
2 Bedrooms 622/9 $1,819 $1.83 $1,353 $1,658
3+ Bedrooms 60/6 $1,895 $1.57 $1,590 $1,808
92108 Mission Valley
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 130/3 $1,628 $2.27 $1,934 $1,806
2 Bedrooms 225/4 $1,990 $1.68 $2,273 $2,193
3+ Bedrooms 23/1 $2,441 $1.84 $3,028 $2,594
92116 Normal Heights
Studio 11/2 $898 $2.06 $772 $746
1 Bedroom 88/18 $1,020 $1.72 $946 $1,017
2 Bedrooms 78/17 $1,412 $1.62 $1,431 $1,466
3+ Bedrooms 4/4 $1,980 $1.79 $2,250 $1,750
92104 North Park
Studio 15/4 $637 $1.62 $744 $644
1 Bedroom 109/27 $1,028 $1.75 $967 $969
2 Bedrooms 146/28 $1,435 $1.73 $1,378 $1,252
3+ Bedrooms 7/6 $1,656 $1.50 $1,606 $1,306
92107 Ocean Beach
Studio 39/5 $1,064 $2.46 $1,044 $1,000
1 Bedroom 142/10 $1,298 $2.12 $1,265 $1,128
2 Bedrooms 91/18 $1,553 $1.75 $1,498 $1,272
3+ Bedrooms 8/2 $1,558 $1.68 $1,495 $2,375
92110 Old Town / Bay Park
Studio 33/2 $989 $2.81 $897 $948
1 Bedroom 41/4 $1,357 $2.02 $1,170 $1,138
2 Bedrooms 15/6 $1,720 $1.78 $1,489 $1,352
3+ Bedrooms 0/0 $0 $0.00 $0 $0
92154 Otay Mesa
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 438/7 $1,663 $2.12 $1,300 $1,475
2 Bedrooms 1751/12 $1,723 $1.67 $1,500 $1,570
3+ Bedrooms 462/7 $2,216 $1.71 $1,731 $2,007
92109 Pacific Beach
Studio 37/5 $1,314 $2.68 $1,464 $1,150
1 Bedroom 114/21 $1,245 $2.11 $1,269 $1,191
2 Bedrooms 107/25 $1,762 $2.00 $1,699 $1,502
3+ Bedrooms 7/5 $3,282 $2.16 $2,554 $3,075
92139 Paradise Hills
Studio 0/0 $0 $0.00 $0
1 Bedroom 0/0 $0 $0.00 $1,098
2 Bedrooms 2/2 $1,441 $1.69 $1,362
3+ Bedrooms 2/2 $1,920 $1.75 $0
RentalOwner June2016 | 17
City of San Diego Weighted Average Rents by Community & Unit Type Continued
Zip Code(s) City/Area Name Unit Type
Spring 2016 Units/ Properties Surveyed
Spring 2016 Average Monthly
Rent
Spring 2016 Average Rent/Sq. Foot
Fall 2015 Average Monthly
Rent
Spring 2015 Average Monthly Rent
92106 Point Loma
Studio 2/1 $825 $1.27 $0 $0
1 Bedroom 8/3 $1,063 $1.81 $1,067 $1,070
2 Bedrooms 4/1 $1,500 $2.00 $1,188 $1,312
3+ Bedrooms 0/0 $0 $0.00 $0 $0
92128 Rancho Bernardo
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 0/0 $0 $0.00 $1,598 $0
2 Bedrooms 3/3 $1,745 $1.63 $2,227 $2,323
3+ Bedrooms 0/0 $0 $0.00 $2,691 $2,738
92129 Rancho Peñasquitos
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 10/1 $1,100 $1.44 $0 $1,900
2 Bedrooms 24/3 $1,213 $1.24 $1,100 $1,527
3+ Bedrooms 0/0 $0 $0.00 $0 $1,825
92119 San Carlos
Studio 0/0 $0 $0.00 $0 $962
1 Bedroom 98/1 $1,585 $1.98 $1,535 $1,399
2 Bedrooms 85/1 $1,958 $1.85 $1,910 $1,738
3+ Bedrooms 4/4 $2,004 $1.56 $1,800 $1,789
92173 San Ysidro
Studio $0
1 Bedroom $0
2 Bedrooms $1,200
3+ Bedrooms $0
92131Scripps Ranch /
Miramar
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 3/1 $1,250 $2.50 $1,799 $1,750
2 Bedrooms 2/2 $1,488 $1.24 $2,127 $2,091
3+ Bedrooms 0/0 $0 $0.00 $1,835 $1,375
92121 Sorrento Valley
Studio $1,225
1 Bedroom $1,485
2 Bedrooms $1,700
3+ Bedrooms $2,550
92124 Tierrasanta
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 0/0 $0 $0.00 $1,562 $1,543
2 Bedrooms 3/3 $2,063 $1.69 $1,758 $1,730
3+ Bedrooms 3/3 $1,865 $1.30 $1,900 $1,913
92122 University City
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 197/2 $1,775 $2.91 $1,864 $1,515
2 Bedrooms 73/3 $2,368 $2.28 $2,521 $2,044
3+ Bedrooms 3/3 $2,133 $1.73 $0 $0
92127 Westwood
Studio 0/0/ $0 $0.00 $0 $0
1 Bedroom 144/1 $1,645 $2.27 $1,570 $1,545
2 Bedrooms 169/3 $1,947 $1.75 $1,856 $1,850
3+ Bedrooms 114/1 $2,043 $1.67 $2,070 $2,025
18 | RentalOwner June 2016
County of San Diego Weighted Average Rents by Community & Unit Type
Zip Code(s) City/Area Name Unit TypeSpring 2016
Units/ Properties Surveyed
Spring 2016 Average Mo. Rent
Spring 2016 Average Rent/
Sq. Foot
Fall 2015 Average Mo.
Rent
Spring 2015 Average Mo. Rent
91901 Alpine
Studio 0/0 $0 $0.00
1 Bedroom 0/0 $0 $0.00
2 Bedrooms 0/0 $0 $0.00
3+ Bedrooms 1/1 $1,950 $1.22
92130 Bonita
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 0/0 $0 $0.00 $1,341 $0
2 Bedrooms 0/0 $0 $0.00 $1,592 $0
3+ Bedrooms 1/1 $2,100 $1.41 $750 $1,600
92008, 09, 10, 11
Carlsbad
Studio 48/6 $1,121 $2.54 $1,123 $970
1 Bedroom 150/8 $1,240 $1.82 $1,197 $1,195
2 Bedrooms 229/10 $1,864 $2.18 $2,120 $1,997
3+ Bedrooms 15/3 $2,472 $1.89 $2,067 $2,303
91907, 09, 10, 11, 13, 14, 15
Chula Vista
Studio 7/3 $804 $1.81 $846 $750
1 Bedroom 1410/31 $1,343 $1.96 $1,123 $1,122
2 Bedrooms 1800/32 $1,691 $1.74 $1,361 $1,396
3+ Bedrooms 280/15 $2,261 $1.73 $1,548 $1,966
92118, 78 Coronado
Studio 1/1 $1,425 $6.20 $775
1 Bedroom 10/2 $1,330 $1.73 $1,492
2 Bedrooms 10/4 $1,868 $1.93 $1,739
3+ Bedrooms 4/2 $3,025 $2.16 $2,424
92014 Del Mar
Studio 10/1 $1,677 $3.68 $1,638 $0
1 Bedroom 60/3 $1,879 $2.53 $1,908 $1,790
2 Bedrooms 64/5 $2,268 $2.32 $2,284 $2,187
3+ Bedrooms 1/1 $8,000 $6.40 $2,000 $2,300
92019, 20, 21, 22, 90
El Cajon
Studio 36/1 $885 $2.03 $500 $850
1 Bedroom 475/12 $1,242 $1.86 $1,190 $1,026
2 Bedrooms 1108/32 $1,512 $1.71 $1,234 $1,235
3+ Bedrooms 197/16 $1,847 $1.56 $1,394 $1,574
92023, 24 Encinitas
Studio 2/1 $900 $2.00 $900 $875
1 Bedroom 5/2 $1,630 $2.63 $1,507 $0
2 Bedrooms 28/4 $2,596 $3.04 $1,992 $2,587
3+ Bedrooms 1/1 $2,420 $1.51 $1,850 $0
92007 Cardiff By the Sea
Studio 1/1 $1,650 $3.30 $1,600 $0
1 Bedroom 6/2 $1,633 $1.93 $1,633 $1,600
2 Bedrooms 7/2 $2,436 $2.44 $2,300 $2,300
3+ Bedrooms 0/0 $0 $0.00 $0 $0
92025, 26, 27, 29, 30, 33, 46
Escondido
Studio 0/0 $0 $0.00 $985 $0
1 Bedroom 97/4 $1,114 $1.70 $983 $919
2 Bedrooms 260/14 $1,302 $1.46 $1,330 $1,086
3+ Bedrooms 7/5 $1,689 $1.33 $1,688 $1,500
92028 Fallbrook / Rainbow
Studio 22/3 $831 $2.07 $762 $738
1 Bedroom 31/2 $945 $1.54 $877 $858
2 Bedrooms 33/2 $1,098 $1.20 $1,080 $1,087
3+ Bedrooms 0/0 $0 $0.00 $0 $0
RentalOwner June2016 | 19
County of San Diego Weighted Average Rents by Community & Unit Type Continued
Zip Code(s) City/Area Name Unit TypeSpring 2016
Units/ Properties Surveyed
Spring 2016 Average Mo. Rent
Spring 2016 Average Rent/
Sq. Foot
Fall 2015 Average Mo.
Rent
Spring 2015 Average Mo. Rent
91932, 33 Imperial Beach
Studio 39/3 $1,267 $3.34 $1,084 $940
1 Bedroom 49/6 $1,043 $2.01 $1,003 $950
2 Bedrooms 91/7 $1,308 $1.70 $1,316 $1,115
3+ Bedrooms 6/2 $1,500 $1.44 $1,552 $1,519
91941, 42, 43, 44
La Mesa
Studio 17/2 $829 $1.63 $787 $830
1 Bedroom 553/11 $1,467 $2.10 $1,373 $1,142
2 Bedrooms 701/20 $1,748 $1.69 $1,702 $1,416
3+ Bedrooms 117/3 $2,186 $1.64 $1,991 $1,652
92040 Lakeside
Studio 1/1 $675 $1.69 $675 $500
1 Bedroom 2/1 $800 $1.00 $867 $719
2 Bedrooms 28/7 $1,121 $1.20 $1,303 $984
3+ Bedrooms 5/3 $1,439 $1.40 $1,300 $1,188
91940, 45, 46 Lemon Grove
Studio 1/1 $895 $1.79 $895 $0
1 Bedroom 10/2 $757 $1.50 $0 $0
2 Bedrooms 34/6 $1,243 $1.54 $1,265 $0
3+ Bedrooms 8/3 $1,634 $1.52 $1,566 $1,495
91950, 51 National City
Studio 15/1 $795 $1.45 $793 $630
1 Bedroom 39/2 $895 $1.44 $883 $775
2 Bedrooms 38/10 $1,209 $1.53 $1,081 $1,075
3+ Bedrooms 1/1 $1,600 $2.22 $1,600 $0
92049, 50, 51, 52, 54, 56, 57, 58
Oceanside
Studio 44/5 $1,058 $2.43 $950 $0
1 Bedroom 361/13 $1,265 $1.98 $1,223 $1,173
2 Bedrooms 474/11 $1,621 $1.92 $1,594 $1,487
3+ Bedrooms 4/4 $1,798 $1.39 $1,708 $0
92064, 74 Poway
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 19/2 $1,258 $1.96 $1,285 $0
2 Bedrooms 44/1 $1,450 $1.68 $1,451 $0
3+ Bedrooms 6/1 $1,725 $1.50 $1,700 $1,700
92065 Ramona
Studio $0 $0
1 Bedroom $0 $0
2 Bedrooms $1,150 $1,080
3+ Bedrooms $1,432 $1,360
92069, 73, 76, 77, 78, 79
San Marcos
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 164/2 $1,278 $2.08 $1,321 $1,169
2 Bedrooms 332/6 $1,406 $1.56 $1,487 $1,367
3+ Bedrooms 1/1 $1,990 $0.87 $0 $1,550
92071, 72 Santee
Studio 0/0/ $0 $0.00 $0 $0
1 Bedroom 186/4 $1,273 $2.01 $1,160 $1,213
2 Bedrooms 528/14 $1,552 $1.71 $1,520 $1,117
3+ Bedrooms 27/6 $1,805 $1.62 $1,741 $1,299
92075 Solana Beach
Studio 6/1 $995 $2.49 $950 $0
1 Bedroom 2/2 $1,425 $2.71 $1,728 $1,691
2 Bedrooms 10/2 $1,750 $2.40 $1,974 $1,939
3+ Bedrooms 2/2 $3,300 $1.89 $2,368 $2,332
20 | RentalOwner June 2016
County of San Diego Weighted Average Rents by Community & Unit Type Continued
Zip Code(s) City/Area Name Unit TypeSpring 2016
Units/ Properties Surveyed
Spring 2016 Average Mo. Rent
Spring 2016 Average Rent/
Sq. Foot
Fall 2015 Average Mo.
Rent
Spring 2015 Average Mo. Rent
91976, 77, 78, 79
Spring Valley
Studio 0/0 $0 $0.00 $0 $0
1 Bedroom 83/6 $1,200 $2.57 $1,155 $1,062
2 Bedrooms 226/11 $1,422 $1.57 $1,399 $1,264
3+ Bedrooms 38/4 $1,771 $1.62 $1,784 $1,626
92082 Valley Center
Studio 0/0 $0 $0.00
1 Bedroom 2/1 $750 $0.88
2 Bedrooms 6/1 $1,000 $1.00
3+ Bedrooms 5/1 $1,180 $0.87
92081, 83, 84, 85
Vista
Studio 142/4 $1,097 $2.20 $1,020 $800
1 Bedroom 503/6 $1,364 $1.91 $1,323 $1,199
2 Bedrooms 622/10 $1,547 $1.66 $1,519 $1,338
3+ Bedrooms 82/6 $1,730 $1.56 $1,801 $1,611
Vacancy Report by Unit Type - Property Age (Single Family Units)All Units Over 25 Years 6 to 25 Years Less Than 6 Years Property Age Undefined
Size of UnitsPercent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Percent Vacant
Total Units
Number Vacant
Studio 0.0% 1 0 0.0% 1 0 0.0% 0 0 0.0% 0 0 0.0% 0 0
1 Bedroom 23.1% 13 3 12.5% 8 1 0.0% 0 0 0.0% 0 0 40.0% 5 2
2 bedrooms 8.7% 46 4 2.8% 36 1 100.0% 1 0 0.0% 0 0 22.2% 9 2
3+ Bedrooms 4.2% 96 4 4.8% 84 4 0.0% 7 0 0.0% 1 0 0.0% 4 0
Vacancy Report By Region (Single Family Units)Location Age of Property Percent Vacant Total Units Number Vacant
East County
Less than 6 years 0.0% 0 0
6-25 years 50.0% 2 1
Over 25 Years 7.7% 26 2
Age Undefined 0.0% 4 0
Total 9.4% 32 3
North County
Less than 6 years 0.0% 0 0
6-25 years 0.0% 1 0
Over 25 Years 5.3% 19 1
Age Undefined 40.0% 5 2
Total 12.0% 25 3
City of San Diego
Less than 6 years 0.0% 1 0
6-25 years 0.0% 2 0
Over 25 Years 4.4% 69 3
Age Undefined 25.0% 8 2
Total 6.3% 80 5
South Bay
Less than 6 years 0.0% 0 0
6-25 years 0.0% 3 0
Over 25 Years 0.0% 15 0
Age Undefined 0.0% 1 0
Total 0.0% 19 0
Countywide Total 7.0% 156 11
RentalOwner June2016 | 21
Vacancy Report By County/City (Single Family Units)Location Age of Property Percent Vacant Total Units Number Vacant
County of San Diego Less than 6 years 0.0% 0 0
6-25 years 16.7% 6 1
Over 25 years 5.0% 60 3
Age Undefined 20.0% 10 2
Total 7.9% 76 6
City of San Diego Less than 6 years 0.0% 1 0
6-25 years 0.0% 2 0
Over 25 years 4.4% 69 3
Age Undefined 25.0% 8 2
Total 6.3% 80 5
Countywide Total 7.0% 156 11
Does not include mobile home, power vent, direct vent, permits & fees
• Renters Insurance• Home • Business or Commercial
Nobody offers more discountsthan Farmers.
ANNIE WANG
1727 SWEETWATER RD STE 104
NATIONAL CITY, CA 91950-7649
0F52960
Call 619.477.0700 today forAuto, Home, Life and Business.
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