According to your link the median income in 92103 is $47,978.
At 3x income, the median home price should be 150k?
150k for a median priced home in one of the premier neighborhoods in all of san diego?
I know people that live in that area that make 150k a year and that’s just one of two incomes.
Median income is pretty much a useless metric for housing in a supply constrained market such as SD.
By the way, I do agree that SD is an expensive place to live especially if you don’t have any equity or stock options. It definitely is not for everyone.
