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San Diego is a high-demand city for home buyers and renters. The median rent across our city comes in at $3,200 (for all bedroom/property types) and San Diego is the 8th largest city in the United States. Not to mention, our economy features a mix of international trade, manufacturing, military, and tourism.
So, how did our rental market stack up against the rest of California?
According to RentCafe, San Diego was the second most competitive rental market in California.
"San Diego came in second, with a total score of 82.6. Notably, this location attracted more interest from renters than California’s hottest market, as an average of 22 renters competed for one apartment here in 2022. And, with 97% of its apartments occupied and more than 55% of renters deciding to renew their leases, it’s no wonder that it ranked so high in our competitivity list." - RentCafe
Overall, 53% of San Diego households are renter occupied. San Diego not only ranked 2nd in California but America's Finest City also placed 13th nationwide.
Even the hottest rental markets need a helping hand from a property management company. Finding a tenant is only one piece of the puzzle.
If you need help navigating the San Diego rental market - we can help. Schedule a free consultation today or call us at 760-994-5037.