The Most Affordable Neighborhoods in Balboa Park, San Diego, CA by Home Value

 

Balboa Park, San Diego, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Balboa Park area can be challenging. Home prices in Balboa Park are now at a median cost of $971,476, higher than the San Diego average of $880,130.

The average cost of rent is $2,102/mo in Balboa Park, primarily driven by the current value of real estate in the Balboa Park area. In Balboa Park, 74.53% of households rent, and 29.45% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Balboa Park is $8,671 per month. Households that rent pay about 24.24% of their income on rent here. Balboa Park’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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