Real Estate Values in San Diego County

In this paper, I’m going to talk about what cities and areas of San Diego have higher real estate prices and higher incomes and why. Although the average home value in San Diego county is higher than most of the rest of the country, there is still a large spread in average home values. The average income in San Diego county is in the top ten percent in the country. Like home values, incomes vary greatly from place to place within the county, ranging from around $11,000 to around $110,000. According to a survey done in 2009, a region dubbed “North County Coastal” is the most wealthy region of San Diego. this area extends from Del Mar to Oceanside. This is consistent with the general trend of coastal property being more desirable and therefore wealthy people living in them. However, Imperial Beach, while having coastal property, has both a low average income and home value relative to the rest of the county. Rancho Santa Fe is the wealthiest census designated place in San Diego. It is not located on the coast. It is a part of the “North County Coastal” region. It is surrounded by other wealthy communities. The location alone is not enough to explain why Rancho Santa Fe is as an expensive of a place to live as it is. There are places like Chula Vista with comparable landscapes. The pattern of wealth distribution in San Diego County appears to be that wealthy communities are built around other wealthy communities. These places are found in a thin coastal strip in the northwest and west-central parts of the county. This pattern could be extended to explain why this strip is situated closer to Orange County than it is to the Mexican border. Patterns of home value do not completely follow natural-physical desirability but are influenced by them. The places is San Diego County with the lowest home values are found in the far east county, outside of the San Diego Urban Area. The Two cities in San Diego county with the lowest home value are Borrego