Data shows the median value of a home in Mid-City was nearly $150,000 in 2000. By 2022, that value skyrocketed to nearly $723,000.
Renters and prospective homeowners hoping to stay in San Diego’s Mid-City area may find it more challenging as exploding home values are quickly outpacing incomes.shows that the median value of a home in City Heights, Kensington-Talmadge, Normal Heights and Eastern Area was $723,000 in 2022, the most recent data cited. In 2000, it was nearly $150,000, making for a 384% increase over the two decades.The numbers tell a familiar story: It’s becoming more expensive to live in San Diego.
Valerie Stahl, an SDSU assistant professor for city planning, said whether a Mid-City resident is a winner or loser shouldn’t be “left to luck.” San Diego cannot solve its housing crisis on its own — or even with current state resources, Stahl said. Mid-City, a 13-square-mile region mostly south of Interstate 8 and east of Interstate 805, is made up of 22 neighborhoods within the community planning areas of City Heights, Eastern Area, Kensington-Talmadge and Normal Heights. Part of the indigenous land of the Kumeyaay tribe, the area now is home to a mix of demographics made up mostly by Latinos and enclaves of Asian, Black and white residents.
Families earning less than $30,000 make up the largest share of Mid-City households, according to the city report, though it varies by neighborhood: The 2022 median household income in the Kensington-Talmadge area was $108,000, and $50,000 in City Heights.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
POLL: City council pay raises, reversing city manager pay cap unpopular with San Antonio votersTwo controversial, proposed San Antonio charter amendments could face an uphill climb, judging by a recent poll.
Read more »
Caltrain completes rollout of all-electric fleet between San Jose, San FranciscoOn Saturday, Caltrain officially ushered in a new era by launching fully electric service between San Francisco and San Jose.
Read more »
San Antonio man running from D.C. to San Antonio to raise awareness around substance abuseA San Antonio man is undertaking an ambitious cross-country run to raise money and awareness for families struggling with substance abuse.
Read more »
San Diego opens 'green' fire station serving Torrey Pines, UC San Diego areasCity News Service is one of the largest regional news services in the country, serving the Southern California region.
Read more »
Caltrain service resumes at San Bruno, San Mateo after power outageCaltrain's fleet of trains was stopped Monday afternoon due to a brief power outage, the transit agency said.
Read more »
San Antonio's H-E-B could get tax breaks to open San Marcos storeSan Marcos officials approved a resolution outlining potential tax breaks for grocery stores this spring. H-E-B plans to take advantage of the offering.
Read more »