The ratio is between 7 and 9.5. So the median home price in San Diego varies between 7x per capita income – 9.5x per capita income. Today, we are at 14.5.
Family size is 2.2, so family income would be around $51K I think.
Median home prices vary by neighborhood. One thing that I don’t know is whether this ratio varies by neighborhood. Let’s compare Lakeside to DelMar. Does Lakeside’s lower income correlate with lower median home prices in that zip code, so that the ratio is still 14.5? Or do homeowners in that zip code represent the lowest 25% of wage earners, who stretched to get into the median priced home, and the ratio is even higher?
