The good folks at SDCAA conduct a rental survey on a regular basis here in  San Diego county.

The fall 2012 survey was mailed in September to nearly 6,000 rental property owners and managers throughout San Diego County, for which it received responses from 25,566 units. Survey responses are solicited from a range of property sizes, ages and amenity levels in order to more closely reflect the wide variety of rental housing available to area residents.

Below are the results for the average San Diego rental rates.

  Number of Bedrooms Units/Properties Surveyed Avg. Mo. Rent Avg. Rent Per Sq. Ft.
City ofSan Diego  Studio

 

1  Bedroom

2  Bedroom

3+ Bedroom

 370 / 46

 

3736 / 230

5012 / 313

568 / 119

 $859

 

$1,139

$1,563

$1,932

 $1.93

 

$1.79

$1.59

$1.61

 

“Rental Rate Survey results show a 4.5 percent vacancy rate.  At 4.5 percent, the vacancy rate has remained unchanged, countywide, since spring 2012. ” – SDCAA (San Diego County Apartment Association)

  Number of Bedrooms Units/Properties Surveyed Avg. Mo. Rent Avg. Rent Per Sq. Ft.
County of San Diego (Including the city of SD)  Studio

 

1  Bedroom

2  Bedroom

3+ Bedroom

 710 / 89

 

9505 / 405

13676 / 575

1675 / 243

 $868

 

$1,089

$1,389

$1,768

 $1.93

 

$1.62

$1.47

$1.40

 

Responses to the SDCAA’s Vacancy and Rental Rate Survey are solicited from a range of rental housing types that includes apartments, duplexes, condominiums, and single-family homes.

The rental market continues to show signs of strength as we start 2013 and that is good news for landlords.  Red House believes the demand will remain strong but we are aware of the numerous rental projects under construction in San Diego.  Please contact us if you have any question about property management.