san diego 2019 vacancy & rental rate survey · 2019-06-26 · diego county declined to 4.1 in...

Vacancy & Rental RateSurvey

SAN DIEGO 2019

San Diego Region Spring 2019 Survey Shows Dip in Vacancy Rate and Higher Rents

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The San Diego 2019 Vacancy and Rental Rate Survey showed a slight drop in the vacancy rate and an increase in overall weighted rents in the San Diego Region. The decline in vacancies and higher rents in San Diego County show that demand remains high for rentals likely due to the lack of housing.

The overall vacancy rate in San Diego County declined to 4.1 in Spring 2019 from 4.3 percent in Fall 2018, but the vacancy rate was still higher than the 3.4 percent reported in Spring 2018.

Despite the slight decline in the overall vacancy rate, the vacancy rate did rise from 3.4 to 4.3 percent in East County San Diego and from 3.3 to 4.2 percent in South Bay San Diego Region. Meanwhile, the vacancy rate in North County San Diego dropped from 5.0 to 4.0 percent, and the City of San Diego dipped slightly from 4.5 to 4.3 percent, well above

the record low of 2.9 percent reported in 2015.

The overall weighted rental rates continued upward in the survey. The combined weighted average rent for the San Diego Region climbed from $1,915 in Fall 2018 to $1,948. San Diego City’s weighted average rent rose from $1,905 last fall to $2,132 in the latest survey. However, in many cases, rents in many cities and zip codes were only slightly higher and even declined a little in other communities.

Rents for 1, 2, and 3-bedroom units also moved higher in the City of San Diego from Fall 2018. Weighted average rents for one-bedroom units were slightly higher from $1,825 to $1,845. Rents for two-bedroom units increased from $2,172 to $2,241 and three-bedroom units rose from $2,637 to $2,753. Studio units in the City of San Diego were the only unit type for which rent declined, dropping

from $1,433 to $1,367.

Survey data points to a stabilizing of vacancy rates in the San Diego region. While in years past vacancy rates tended to be much higher in some areas, the northern, southern, and eastern parts of the county, as well as the City of San Diego all have similar vacancy rates this spring. This trend could indicate a flattening out in the marketplace in terms of rents or that more communities are adding needed housing units.

The San Diego Region’s Vacancy & Rental Rate Survey, since the 1960s, has been tracking rental and vacancy rates of all types of rental housing from single-family homes to large condominiums and multifamily apartment communities.

The Southern California Rental Housing Association mails survey forms to members and non-members in the San Diego Region

June 2019 socalrha.org | 21

june 2019.indd 21 6/7/2019 4:16:02 PM

in March and September. Rental owners and managers are asked to complete and return the surveys to the Association.

The Association last March mailed surveys to approximately 6,000 San Diego rental property owners and managers receiving responses totaling 23,000 units. The survey asks respondents to provide property information like the rental rate, the number of bedrooms, square footage, age and location of the property, as well as if the unit is a multifamily or single-family unit and if the unit was unoccupied on a certain date.

Information from the survey data relies on the number of responses and the information provided. Survey data varies depending on the number of responses provided, which could make it difficult for rental housing professionals to track changes in the rental market. The Association recommends owners, managers, and other rental housing professionals to review data of nearby cities and zip codes, previous surveys, and data from other sources. Please note that data comparisons among surveys does not identify specific trends in rental communities over time.

There are several other entities that track and report on rental rates. They all vary in terms of unit type and count. Some other surveys only factor in larger multifamily properties (25 units+). The SCRHA survey tracks all rental properties, including single units, duplexes, and others.

Historical Vacancy Rate 2009 to 2019

Year Survey

Overall Total

Vacancy Rate

Overall Total Units

City of San Diego Vacancy

Rate

City of San Diego Total Units

County of San Diego Vacancy

Rate

County of San Diego Total Units

2009Spring 5.4% 33,367 5.0% 18,397 5.8% 14,970

Fall 5.0% 38,207 5.1% 20,455 4.9% 17,752

2010Spring 4.9% 50,089 5.2% 24,275 4.6% 25,814

Fall 4.6% 36,458 5.1% 18,374 4.1% 18,084

2011Spring 3.9% 25,905 4.1% 10,720 3.7% 15,185

Fall 4.3% 19,915 3.8% 8,545 4.7% 11,370

2012Spring 4.5% 19,682 3.4% 6,991 5.1% 12,691

Fall 4.5% 25,566 3.4% 9,686 5.1% 15,880

2013Spring 4.5% 26,908 4.8% 9,909 4.4% 16,999

Fall 4.1% 17,940 3.4% 6,135 4.5% 11,805

2014Spring 2.8% 12,663 2.7% 4,513 2.8% 8,150

Fall 2.3% 16,396 2.2% 8,434 2.4% 7,962

2015Spring 4.1% 18,314 4.2% 10,627 4.0% 7,687

Fall 2.6% 19,768 2.8% 9,851 2.5% 9,917

2016Spring 4.5% 21,096 3.2% 9,005 5.5% 12,091

Fall 5.4% 21,174 3.4% 9,498 7.0% 11,676

2017Spring 3.7% 29,527 3.3% 14,589 4.1% 14,938

Fall 3.3% 21,361 3.2% 11,453 3.4% 9,908

2018Spring 3.4% 19,351 2.9% 8,346 3.8% 11,005

Fall 4.3% 23,511 4.5% 12,267 4.0% 11,244

2019Spring 4.1% 23,000 4.3% 11,869 3.8% 11,131

Fall

Weighted Average Rents - Single Family UnitsCity/Area Name Spring 2019 Spring 2019 Spring 2019

Number of Bedrooms

Units/Properties Surveyed

Average Mo. Rent

Average Rent per Sq. Ft.

City of San Diego (only)

Studio 0/0 $0 $0.00

1 Bedroom 12/4 $1,292 $2.70

2 Bedrooms 30/29 $1,850 $1.59

3+ Bedrooms 28/27 $2,407 $1.67

County of San Diego (Including the City of

San Diego)

Studio 0/0 $0 $0.00

1 Bedroom 14/6 $1,364 $2.69

2 Bedrooms 44/43 $1,840 $1.63

3+ Bedrooms 69/65 $2,343 $1.56

22 | Southern California Rental Housing Association Rental Advisor June 2019

june 2019.indd 22 6/7/2019 4:16:05 PM

City of San Diego Vacancy Rates by Community & Property Age

Zip Codes

City/Area Name

All Units Over 25 Years 6 to 25 Years Less Than 6 Years Property Age Undefined

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

92037, 93, 161 La Jolla 2.7% 113 3 3.0% 100 3 0.0% 1 0 0.0% 12 0

92101 Downtown San Diego 1.7% 229 4 2.1% 142 3 1.1% 87 1

92102Golden Hill/ Mt. Hope/ Chollas

View3.1% 32 1 3.1% 32 1

92103 Hillcrest / Mission Hills 2.0% 102 2 2.4% 82 2 0.0% 20 0

92104 North Park 5.2% 287 15 5.7% 264 15 0.0% 23 0

92105 City Heights / East San Diego 0.0% 19 0 0.0% 14 0 0.0% 5 0

92106 Point Loma 50.0% 4 2 66.7% 3 2 0.0% 1 0

92107 Ocean Beach 2.7% 111 3 0.0% 41 0 4.3% 70 3

92108 Mission Valley 4.4% 1,824 81 2.2% 597 13 3.4% 1040 35 17.6% 187 33

92109 Pacific Beach 1.4% 213 3 1.4% 70 1 1.4% 143 2

92110 Old Town / Bay Park 2.1% 678 14 3.1% 129 4 1.8% 549 10

92111 Linda Vista 5.7% 35 2 6.3% 32 2 0.0% 3 0

92113 Logan Heights 0.0% 11 0 0.0% 1 0 0.0% 10 0

92114 Encanto 5.3% 133 7 5.3% 133 7

92115 College Grove 0.2% 498 1 8.3% 12 1 0.0% 20 0 0.0% 466 0

92116 Normal Heights 3.1% 64 2 3.6% 55 2 0.0% 9 0

92117 Clairemont 2.9% 349 10 2.9% 349 10

92119 San Carlos 2.8% 180 5 2.8% 180 5

92120 Del Cerro 4.3% 139 6 4.0% 124 5 6.7% 15 1

92121 Sorrento Valley

92122 University City 4.0% 428 17 4.0% 428 17

92123 Kearny Mesa/Serra Mesa 0.0% 15 0 0.0% 1 0 0.0% 14 0

92124 Tierrasanta 3.8% 813 31 3.8% 812 31 0.0% 1 0

92126 Mira Mesa 3.7% 1,075 40 5.1% 389 20 3.9% 412 16 1.5% 274 4

92127 Westwood 4.7% 402 19 4.7% 402 19

92128 Rancho Bernardo 3.4% 264 9 3.4% 264 9

92129 Rancho Peñasquitos 0.0% 34 0 0.0% 2 0 0.0% 32 0

92130 Carmel Valley 7.4% 1,216 90 3.0% 400 12 0.0% 1 0 9.6% 815 78

92131 Scripps Ranch / Miramar 4.0% 276 11 3.7% 162 6 4.4% 114 5

92154 Otay Mesa 5.8% 2,325 136 6.5% 428 28 4.7% 758 36 6.3% 1139 72

92173 San Ysidro


june 2019.indd 23 6/7/2019 4:16:05 PM

County of San Diego Vacancy Rates by Community & Property Age

Zip Codes

City/Area Name

All Units Over 25 Years 6 to 25 Years Less Than 6 Years Property Age Undefined

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

Percent Vacant

Total Units

Number Vacant

91902, 91908 Bonita 0.0% 2 0 0.0% 1 0 0.0% 1 0

92008, 09, 10, 11 Carlsbad 1.9% 526 10 1.9% 526 10

91907, 09, 10, 11, 12, 13, 14, 15

Chula Vista 3.1% 3333 104 4.1% 684 28 2.8% 356 10 2.8% 177 5 3.0% 1685 51

92118 Coronado 0.0% 2 0 0.0% 2 0

92014 Del Mar 6.1% 246 15 7.4% 202 15 0.0% 44 0

92019, 20, 21, 22, 90

El Cajon 5.1% 2,043 104 5.3% 1874 100 2.9% 34 1 2.2% 135 3

92023, 24 Encinitas 0.0% 10 0 0.0% 10 0

92025, 26, 27,

29Escondido 3.9% 535 21 2.8% 250 7 5.0% 202 10 4.8% 83 4

92028 Fallbrook/ Rainbow 0.0% 7 0 0.0% 7 0

91932, 33 Imperial Beach 5.9% 17 1 5.9% 17 1

92040 Lakeside 0.0% 17 0 0.0% 11 0 0.0% 6 0

91941, 42, 43, 44 La Mesa 3.6% 938 34 4.3% 533 23 3.6% 112 4 2.4% 293 7

91940, 45, 46 Lemon Grove 4.3% 70 3 4.3% 70 3

91950, 51 National City 1.3% 154 2 13.0% 154 2

92049, 50, 51, 52,

54, 56, 57, 58

Oceanside 3.9% 487 19 3.2% 282 9 0.0% 4 0 5.0% 201 10

92064 Poway 0.0% 52 0 0.0% 52 092069,

73, 76, 77, 78, 79

San Marcos 3.5% 201 7 2.2% 93 2 4.6% 108 5

92071 Santee 3.7% 656 24 5.7% 263 15 2.3% 393 9

92075 Solana Beach 1.1% 176 2 1.1% 176 2

91976, 77, 78, 79 Spring Valley 1.2% 169 2 0.0% 57 0 1.8% 112 2

92081, 83, 84,

85Vista 5.0% 1490 74 4.7% 1030 48 5.7% 460 26


june 2019.indd 24 6/7/2019 4:16:06 PM

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Weighted Average RentsCity/Area Name Spring 2019 Spring 2019 Spring 2019

Number of Bedrooms

Units/Properties Surveyed

Average Mo. Rent

Average Rent per Sq. Ft.

City of San Diego (only)

Studio 280/29 $1,367 $3.411 Bedroom 4069/121 $1,845 $2.66

2 Bedrooms 6416/159 $2,241 $2.113+ Bedrooms 1104/56 $2,753 $2.15

County of San Diego (Including the City of

San Diego)

Studio 659/56 $1,315 $3.031 Bedroom 8265/221 $1,684 $2.48

2 Bedrooms 12143/301 $2,071 $2.043+ Bedrooms 1933/121 $2,526 $2.01

Vacancy Report by Region Location Age of Property Percent Vacant Total Units Number Vacant

East County

Less than 6 years 3.6% 112 46-25 years 2.2% 45 1Over 25 Years 5.0% 2,797 141Age Undefined 2.2% 939 21Total 4.3% 3,893 167

North County

Less than 6 years 0.0% 0 06-25 years 4.9% 206 10Over 25 Years 3.5% 2,628 93Age Undefined 5.0% 896 45Total 4.0% 3,730 148

City of San Diego

Less than 6 years 11.1% 1,002 1116-25 years 3.4% 1,944 66Over 25 Years 3.6% 4,374 157Age Undefined 2.0% 2,224 44Total 4.0% 9,544 378

South Bay

Less than 6 years 2.8% 177 56-25 years 3.6% 1,545 56Over 25 Years 4.6% 1,286 59Age Undefined 4.4% 2,825 123Total 4.2% 5,833 243

Countywide Total 4.1% 23,000 936

Vacancy Report by County/CityLocation Age of Property Percent Vacant Total Units Number Vacant

County of San Diego

Less than 6 years 3.1% 289 96-25 years 3.0% 1,038 31Over 25 years 4.2% 6,283 265Age Undefined 3.3% 3,521 117Total 3.8% 11,131 422

City of San Diego

Less than 6 years 11.1% 1,002 1116-25 years 3.8% 2,702 102Over 25 years 3.9% 4,802 185Age Undefined 3.5% 3,363 116Total 4.3% 11,869 514

Countywide Total 4.1% 23,000 936


june 2019.indd 25 6/7/2019 4:16:19 PM

Vacancy Report by Unit Type - Property AgeAll Units Over 25 Years 6 to 25 Years Less Than 6 Years Property Age

Undefined

Size of Units Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Studio 3.2% 659 21 3.2% 495 16 0.0% 0 0 5.3% 38 2 2.4% 126 3

1 Bedroom 4.7% 8,265 385 4.2% 4,217 176 4.2% 1,262 53 10.4% 539 56 4.5% 2,247 100

2 bedrooms 3.7% 12,143 447 3.9% 5,960 232 3.2% 1,896 60 9.5% 487 46 2.9% 3,800 109

3+ Bedrooms 4.3% 1,933 83 6.3% 413 26 3.4% 582 20 7.1% 227 16 3.0% 711 21

Vacancy Report by Unit Type - Property Age (Single Family Units)All Units Over 25 Years 6 to 25 Years Less Than 6 Years Property Age

Undefined

Size of Units Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Percent Vacant

TotalUnits

Number Vacant

Studio 0.0% 0 0 0.0% 0 0 0.0% 0 0 0.0% 0 0 0.0% 0 0

1 Bedroom 7.1% 14 1 16.7% 6 1 0.0% 0 0 0.0% 0 0 0.0% 8 0

2 bedrooms 2.3% 44 1 2.6% 39 1 0.0% 0 0 0.0% 0 0 0.0% 5 0

3+ Bedrooms 0.0% 69 0 0.0% 61 0 0.0% 3 0 0.0% 0 0 0.0% 5 0

Vacancy Report by Region (Single Family Units)Location Age of Property Percent Vacant Total Units Number Vacant

East County

Less than 6 years 0.0% 0 06-25 years 0.0% 1 0Over 25 Years 0.0% 27 0Age Undefined 0.0% 3 0Total 0.0% 31 0

North County


City of San Diego


South Bay


Countywide Total 1.6% 127 2

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june 2019.indd 26 6/7/2019 4:16:21 PM

City of San Diego Weighted Average Rents by Community & Unit TypeZip

Code(s)City/Area

Name Unit Type Spring 2019 Units/Properties Surveyed

Spring 2019 Average Monthly

Rent

Spring 2019 Average Rent/Sq.

Foot

Fall 2018 Average Monthly

Rent

Spring 2018 Average

Monthly Rent

92130 Carmel Valley

Studio 1/1 $1,300 $3.47 $0 $01 Bedroom 389/6 $2,169 $3.00 $2,021 $1,7902 Bedrooms 640/7 $2,826 $2.71 $2,556 $2,2023+ Bedrooms 186/6 $3,715 $2.63 $3,860 $4,025

92105

City Heights / East San

Diego

Studio 0/0 $0 $0.00 $0 $01 Bedroom 4/2 $1,188 $1.98 $1,100 $1,0222 Bedrooms 13/4 $1,385 $1.78 $1,248 $1,2883+ Bedrooms 2/2 $1,488 $1.35 $2,000 $0

92117 Clairemont

Studio 30/2 $1,293 $2.47 $1,272 $1,2331 Bedroom 61/3 $1,464 $2.25 $1,406 $1,3652 Bedrooms 244/5 $1,721 $1.86 $1,677 $1,6693+ Bedrooms 14/2 $2,089 $2.02 $2,040 $1,915

92115 College Grove

Studio 0/0 $0 $0.00 $1,100 $1,1501 Bedroom 161/7 $1,353 $1.87 $1,357 $1,4032 Bedrooms 282/14 $1,767 $1.63 $1,811 $1,6633+ Bedrooms 55/4 $2,594 $2.47 $2,479 $2,352

92120 Del Cerro

Studio 0/0 $0 $0.00 $0 $01 Bedroom 91/1 $1,400 $2.00 $0 $1,2552 Bedrooms 48/3 $1,788 $1.81 $0 $1,5763+ Bedrooms 0/0 $0 $0.00 $2,400 $2,400

92101 Downtown San Diego

Studio 82/4 $1,416 $3.66 $1,821 $9721 Bedroom 130/8 $2,040 $2.85 $1,931 $1,9192 Bedrooms 17/3 $3,357 $3.09 $1,954 $3,4483+ Bedrooms 0/0 $0 $0.00 $0 $0

92114 Encanto

Studio 0/0 $0 $0.00 $0 $01 Bedroom 79/3 $1,413 $2.36 $1,327 $02 Bedrooms 45/5 $1,539 $1.94 $1,509 $1,1253+ Bedrooms 9/2 $1,707 $1.51 $1,800 $1,375

92102Golden Hill / Mt. Hope /

Chollas View

Studio 12/1 $991 $2.48 $0 $9001 Bedroom 15/2 $1,298 $2.28 $0 $9202 Bedrooms 4/1 $1,000 $1.39 $1,188 $1,2973+ Bedrooms 1/1 $1,500 $1.62 $2,050 $0

92103 Hillcrest / Mission Hills


92123 Kearny Mesa

Studio 0/0 $0 $0.00 $0 $01 Bedroom 1/1 $1,250 $2.16 $1,125 $1,1252 Bedrooms 14/1 $1,380 $1.56 $0 $03+ Bedrooms 0/0 $0 $0.00 $2,200 $2,200

92037, 93, 161 La Jolla

Studio 13/2 $1,758 $4.31 $2,049 $1,5821 Bedroom 16/6 $1,784 $2.77 $1,755 $1,7632 Bedrooms 84/7 $2,383 $2.20 $2,312 $2,2183+ Bedrooms 0/0 $0 $0.00 $0 $7,400


june 2019.indd 27 6/7/2019 4:16:21 PM


Code(s)City/Area



Rent

Spring 2019 Average Rent/Sq. Foot

Fall 2018 Average Monthly Rent

Spring 2018 Average

Monthly Rent

92111 Linda Vista

Studio 2/2 $625 $1.93 $1,488 $1,3271 Bedroom 5/3 $1,129 $1.62 $1,578 $1,5262 Bedrooms 6/4 $1,648 $1.63 $1,720 $1,7413+ Bedrooms 22/6 $1,327 $1.49 $1,775 $1,119

92113 Logan Heights

Studio 0/0 $0 $0.00 $1,101 $01 Bedroom 10/1 $1,300 $4.33 $1,296 $1,0952 Bedrooms 0/0 $0 $0.00 $2,145 $1,4953+ Bedrooms 1/1 $636 $0.64 $0 $0

92126 Mira Mesa

Studio 0/0 $0 $0.00 $0 $01 Bedroom 480/4 $1,900 $2.64 $2,285 $1,5202 Bedrooms 538/4 $2,090 $2.13 $2,041 $1,8163+ Bedrooms 57/3 $2,255 $1.90 $1,903 $1,851

92108 Mission Valley

Studio 37/1 $2,300 $5.76 $1,295 $01 Bedroom 693/6 $2,265 $3.10 $2,101 $1,9512 Bedrooms 1044/6 $2,559 $2.37 $2,588 $2,4823+ Bedrooms 50/3 $2,999 $2.32 $2,965 $3,237

92116 Normal Heights

Studio 27/2 $913 $2.22 $855 $8371 Bedroom 22/6 $1,165 $2.05 $1,167 $1,1362 Bedrooms 15/8 $1,724 $2.32 $1,400 $1,3213+ Bedrooms 0/0 $0 $0.00 $1,553 $2,388

92104 North Park

Studio 21/5 $873 $2.19 $687 $1,1391 Bedroom 171/23 $1,298 $2.18 $1,272 $1,3182 Bedrooms 91/20 $1,555 $1.85 $1,540 $1,5203+ Bedrooms 4/3 $1,983 $1.57 $1,750 $1,184

92107 Ocean Beach


92110 Old Town / Bay Park


92154 Otay Mesa


92109 Pacific Beach



june 2019.indd 28 6/7/2019 4:16:22 PM


Code(s)City/Area



Rent


Foot

Fall 2018 Average

Monthly Rent

Spring 2018 Average

Monthly Rent

92106 Point Loma

Studio 0/0 $0 $0.00 $0 $01 Bedroom 0/0 $0 $0.00 $1,358 $1,1582 Bedrooms 2/1 $0 $0.00 $1,715 $1,4473+ Bedrooms 2/2 $3,425 $1.90 $3,450 $3,595

92128 Rancho Bernardo

Studio 0/0 $0 $0.00 $0 $01 Bedroom 0/0 $0 $0.00 $0 $02 Bedrooms 180/2 $2,789 $2.56 $2,712 $2,7353+ Bedrooms 84/2 $3,246 $2.47 $3,238 $3,118

92129 Rancho Peñasquitos

Studio 0/0 $0 $0.00 $0 $01 Bedroom 10/1 $1,250 $1.85 $0 $1,1352 Bedrooms 24/3 $1,484 $1.53 $1,215 $1,5353+ Bedrooms 0/0 $0 $0.00 $2,195 $0

92119 San Carlos

Studio 0/0 $0 $0.00 $0 $01 Bedroom 95/1 $1,765 $2.21 $1,685 $1,6502 Bedrooms 85/1 $2,110 $1.99 $2,058 $2,0103+ Bedrooms 0/0 $0 $0.00 $2,475 $2,400

92173 San Ysidro

Studio $0 $01 Bedroom $0 $02 Bedrooms $1,350 $03+ Bedrooms $0 $0

92131Scripps Ranch / Miramar


92121 Sorrento Valley

Studio $0 $01 Bedroom $0 $02 Bedrooms $0 $03+ Bedrooms $0 $2,300

92124 Tierrasanta


92122 University City


92127 Westwood


survey continued on page 36 >>> June 2019 socalrha.org | 29

june 2019.indd 29 6/7/2019 4:16:23 PM

>>> survey continued from page 29

County of San Diego Weighted Average Rents by Community & Unit Type

Zip Code(s)

City/Area Name Unit Type Spring 2019 Units/

Properties Surveyed


Rent


Foot


Rent

Spring 2018 Average

Monthly Rent

92130 Bonita

Studio 0/0 $0 $0.00 $0 $01 Bedroom 0/0 $0 $0.00 $0 $02 Bedrooms 1/1 $1,900 $1.58 $1,750 $03+ Bedrooms 1/1 $2,300 $1.64 $2,300 $0

92008, 09, 10, 11 Carlsbad

Studio 11/3 $1,214 $3.26 $1,099 $1,0811 Bedroom 44/4 $1,724 $2.60 $1,457 $1,6352 Bedrooms 457/6 $2,546 $2.53 $2,685 $2,4483+ Bedrooms 14/2 $2,937 $2.36 $0 $2,561

91907, 09, 10, 11, 13, 14, 15

Chula Vista


92118, 78 Coronado

Studio 0/0 $0 $0.00 $0 $01 Bedroom 1/1 $1,825 $3.25 $1,404 $1,6502 Bedrooms 0/0 $0 $0.00 $1,700 $2,6003+ Bedrooms 1/1 $3,150 $2.86 $0 $3,200

92014 Del Mar

Studio 10/1 $1,982 $4.35 $0 $1,9041 Bedroom 100/4 $2,323 $3.18 $2,338 $2,2072 Bedrooms 133/4 $2,675 $2.67 $2,806 $2,6293+ Bedrooms 3/2 $2,880 $2.62 $2,650 $4,100

92019, 20, 21, 22, 90

El Cajon

Studio 37/2 $1,187 $2.74 $752 $9101 Bedroom 766/11 $1,495 $2.29 $1,724 $1,4132 Bedrooms 1059/23 $1,663 $1.82 $1,728 $1,6023+ Bedrooms 181/10 $2,169 $1.91 $2,185 $1,901

92023, 24 Encinitas


92007 Cardiff By the Sea

Studio $1,650 $01 Bedroom $1,750 $1,7502 Bedrooms $2,400 $2,4003+ Bedrooms $0 $0


june 2019.indd 36 6/7/2019 4:19:23 PM


Zip Code(s)


Properties Surveyed


Rent


Foot


Rent

Spring 2018 Average

Monthly Rent

92025, 26, 27, 29, 30, 33, 46

Escondido


92028 Fallbrook / Rainbow

Studio 0/0 $0 $0.00 $0 $9851 Bedroom 3/1 $2,401 $1.46 $900 $1,1072 Bedrooms 4/2 $3,454 $1.54 $1,308 $1,3483+ Bedrooms 0/0 $0 $0.00 $1,467 $1,417

91932, 33 Imperial Beach


92036 Julian

Studio $01 Bedroom $1,815 $02 Bedrooms $2,395 $03+ Bedrooms $0 $0

91941, 42, 43, 44 La Mesa


92040 Lakeside

Studio 0/0 $0 $0.00 $1,067 $1,0111 Bedroom 0/0 $0 $0.00 $1,178 $1,1402 Bedrooms 14/2 $1,543 $1.61 $1,303 $1,3543+ Bedrooms 3/2 $1,450 $1.18 $2,570 $0

91940, 45, 46

Lemon Grove

Studio 64/2 $913 $2.28 $891 $8741 Bedroom 2/2 $963 $2.04 $1,030 $9482 Bedrooms 1/1 $1,600 $1.88 $1,282 $1,5643+ Bedrooms 3/3 $1,558 $1.73 $0 $1,568

91950, 51 National City

Studio 0/0 $0 $0.00 $0 $01 Bedroom 137/2 $1,005 $2.26 $0 $02 Bedrooms 16/2 $1,567 $1.46 $1,075 $03+ Bedrooms 1/1 $1,750 $1.76 $1,900 $1,703

92049, 50, 51, 52, 54,

56, 57, 58

Oceanside



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Zip Code(s)


Properties Surveyed


Rent


Foot

Fall 2018 Average Monthly Rent

Spring 2018 Average

Monthly Rent

92064, 74 Poway

Studio 0/0 $0 $0.00 $0 $0

1 Bedroom 12/1 $1,695 $2.42 $0 $1,000

2 Bedrooms 40/1 $1,885 $1.98 $0 $0

3+ Bedrooms 0/0 $0 $0.00 $2,350 $0

92065 Ramona

Studio $0 $0

1 Bedroom $0 $0

2 Bedrooms $0 $1,100

3+ Bedrooms $2,295 $1,657

92069, 73, 76, 77, 78,

79

San Marcos

Studio 27/1 $1,905 $3.30 $0 $01 Bedroom 39/1 $2,030 $2.93 $1,021 $1,3782 Bedrooms 95/3 $2,089 $2.10 $0 $1,5863+ Bedrooms 40/2 $2,297 $2.06 $1,650 $1,500

92071, 72 Santee


92075 Solana Beach


91976, 77, 78,

79Spring Valley


92081, 83, 84,

85Vista


Vacancy Report By County/City (Single Family Units)Location Age of Property Percent Vacant Total Units Number Vacant

County of San Diego

Less than 6 years 0.0% 0 06-25 years 0.0% 3 0Over 25 years 2.0% 50 1Age Undefined 0.0% 4 0Total 1.8% 57 1

City of San Diego

Less than 6 years 0.0% 0 06-25 years 0.0% 0 0Over 25 years 1.8% 56 1Age Undefined 0.0% 14 0Total 1.4% 70 1

Countywide Total 1.6% 127 2ID 146314213 © Bonandbon DW | Dreamstime.com


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The Apartment Availability Index Survey pulls from a sample of full-time rental property owners and managers to determine the number of vacant units as well as the number of units on notice to vacate, representing the total number of units available. The results can be an early indicator of industry activity and provide another gauge of the overall availability of rental housing in San Diego County.This survey is supplemental to the Vacancy and Rental Rate Survey. The Southern California Rental Housing Association solicited 30 of the largest multifamily owners and managers with holdings in San Diego County to complete the survey. Due to the fluctuating response levels of this methodology, comparisons among survey periods do not necessarily reflect the performance of a particular sample of rental units over time. Responses were collected and calculated by the accounting firm Leaf & Cole, LLP.

SPRING 2019 SAN DIEGO COUNTY AVAILABILITY INDEX

Survey Period

Availability Index

Number of Units Managed Units Vacant

Units With Notices to

VacateSpring 2009 8.17% 20,647 4.02% 4.15%

Fall 2009 7.43% 39,375 3.66% 3.77%Spring 2010 6.71% 33,394 4.14% 2.57%

Fall 2010 6.77% 24,619 3.10% 3.67%Spring 2011 6.55% 15,105 2.88% 3.67%

Fall 2011 5.56% 15,567 1.95% 3.60%Spring 2012 7.19% 23,243 3.77% 3.42%

Fall 2012 6.00% 16,864 2.75% 3.25%Spring 2013 6.50% 21,302 3.30% 3.20%

Fall 2013 5.56% 23,146 2.61% 2.95%Spring 2014 10.37% 13,584 3.40% 6.96%

Fall 2014 5.40% 18,578 2.70% 2.70%Spring 2015 5.25% 8,735 2.26% 3.00%

Fall 2015 6.57% 10,288 2.39% 4.18%Spring 2016 7.38% 29,181 3.88% 3.50%

Fall 2016 5.88% 32,335 2.93% 2.94%Spring 2017 7.58% 24,683 4.27% 3.31%

Fall 2017 6.47% 26,258 2.62% 3.85%Spring 2018 9.36% 25,858 3.96% 5.39%

Fall 2018 6.76% 30,227 3.21% 3.55%Spring 2019 9.62% 19,121 3.92% 5.70%

The Southern California Rental Housing Association's Spring 2019 Apartment Availability Index rate is 9.62%.

Survey data collected as combined figures. The Southern California Rental Housing Association began allowing survey respondents to report the combined number of units vacant and on notice to make reporting easier and encourage responses. The Association received requests from members to return to the prior method of reporting the figures separately to better analyze market fluctuations.


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san diego 2019 vacancy & rental rate survey · 2019-06-26 · diego county declined to 4.1 in...

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