San Diego Housing Market News and Analysis
Rents in OB/PB went up a lot the last year
User Forum Topic
Submitted by gzz on May 20, 2017 - 5:10pm
The price of the most basic 2/2 is now at least 2200. Was 2000 when I last looked last fall. And unrenovated 3/2 SFH are now basically all at least $3200.
I am not going to raise rents, but feels nice and secure to know it would likely be easy to find new tenants at a higher price if any leave.
AirBnb is supposed to be squeezing the market up, that seems to be the case with a lot fewer listings than I remember.
I think we have a lot of room to keep growing. San Diego is the 8th largest US city but only ranks 12th in rent. We are well under half of SF.
Three large local REITs have 96, 96, and 97% occupancy.
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