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These days, finding an affordable place to live in the Rancho Penasquitos area can be challenging. Home prices in Rancho Penasquitos are now at a median cost of $1,241,900, higher than the San Diego average of $880,130.
The average cost of rent is $2,933/mo in Rancho Penasquitos, primarily driven by the current value of real estate in the Rancho Penasquitos area. In Rancho Penasquitos, 28.35% of households rent, and 22.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rancho Penasquitos is $15,231 per month. Households that rent pay about 19.26% of their income on rent here. Rancho Penasquitos’s most expensive areas are in the northwestern 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.
Nearby Neighborhoods
- Black Mountain Ranch, San Diego, CA: higher priced homes
- Carmel Mountain, San Diego, CA: less expensive homes
- Sabre Springs, San Diego, CA: less expensive homes
- Mira Mesa, San Diego, CA: less expensive homes
- Scripps Ranch, San Diego, CA: equally priced homes
- Rancho Bernadino, San Diego, CA: less expensive homes
- North City, San Diego, CA: higher priced homes
- Sorrento Valley, San Diego, CA: less expensive homes
- Carmel Valley, San Diego, CA: higher priced homes
- Miramar, San Diego, CA: less expensive homes
Neighborhoods with Similar Populations
- Anaheim Hills, Anaheim, CA: less expensive homes
- Covina-Valley, Covina, CA: less expensive homes
- Coral Way, Miami, FL: less expensive homes
- Chelsea, Manhattan, NY: equally priced homes
- Central Mesa, Mesa, AZ: less expensive homes
- Central East Denver, Denver, CO: less expensive homes
- Centennial Hills, Las Vegas, NV: less expensive homes
- Cedar Crest, Dallas, TX: less expensive homes
- Blossom Valley, San Jose, CA: less expensive homes
- Beverly Glen, Studio City, CA: higher priced homes
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