Balboa Park's October First-Time Homebuyer Report

Balboa Park has a much older population than other areas in San Diego with a median age of 23 years. It is also very affluent with a median income of $96,477 per household. Detached homes account for 58% of the area's current housing market. The best school in the neighborhood is San Pasqual Union Elementary School.

Price Range

Homes in Balboa Park are generally less expensive than others in the city with a median home value of $33,711 and an average list price of $565,397. The Balboa Park market showed healthy signs in this week's report, as the number of home sales rose 12.5%, pushing the total to nine homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Balboa Park? These listings have stirred up interest and produced the most views:

$674K   $1.1M   $384K  

Typical Dwelling

The typical dwelling in Balboa Park is a two-bedroom townhouse worth about $380,063. To purchase a similar home, a buyer with good credit and a $76,013 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,753 monthly payment. The property tax rate is $7.35 per $1,000 of taxable assessed value.

Get started right now by checking out Balboa Park homes for sale or reviewing Balboa Park real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
San Diego Castles Realty
Pacific Sotheby's International Realty
11 reviews

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