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Rental Insights for ZIP Code 92123 (San Diego, CA)

Housing Rentals in ZIP Code 92123 (San Diego, CA)

92123 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 92123

The 92123 ZIP Code is primarily located in San Diego, CA in San Diego County. This California region has a median housing rent payment of $2,133 per month. Approximately 51.5% of housing units in this San Diego County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 6.4%.

The median rent in ZIP Code 92123 of $2,133 per month is 42% higher than the aggregate California median monthly rent of $1,503, and is 101% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 35.6% of residents in ZIP Code 92123 pay between $2,000 and $2,499 per month for rent. That is 166% higher than in California overall, in which 13.4% of total state residents pay between $2,000 and $2,499 per month for housing. Just 0.3% of renters in ZIP Code 92123 pay less than $500 for monthly rent.

ZIP Code 92123 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 92123

See the chart below for a comparison of monthly rental costs in ZIP Code 92123, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 92123 along with those in the state of California and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 92123

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 92123 California U.S.
Less than $500 0.3% 4.9% 9.4%
$500 to $999 1.7% 16.5% 36.2%
$1,000 to $1,499 11.6% 28.6% 30.0%
$1,500 to $1,999 26.9% 23.2% 14.0%
$2,000 to $2,499 35.6% 13.4% 5.6%
$2,500 to $2,999 16.9% 6.9% 2.4%
$3,000 or more 6.9% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 92123

Renters in ZIP Code 92123 use an estimated 32.82% of their income to cover their monthly rent payments. That is about 5% higher than in California overall. The estimate for California overall is 31.23% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 92123 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 92123 come in higher than in California as a whole. The median annual household income in ZIP Code 92123 of $81,899 sits approximately 9% higher than the overall California median income of $75,235 and approximately 30% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 92123

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 92123, California, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 92123 along with the same calculations in the state of California and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 92123

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 92123 California U.S.
Less than 15.0 percent 8.2% 10.3% 13.1%
15.0 to 19.9 percent 7.2% 11.2% 12.9%
20.0 to 24.9 percent 13.4% 12.2% 12.9%
25.0 to 29.9 percent 10.9% 11.5% 11.6%
30.0 to 34.9 percent 9.0% 9.6% 9.1%
35.0 percent or more 51.3% 45.2% 40.5%

Household Income in ZIP Code 92123

See the table below for the regional comparison of annual household income in ZIP Code 92123.

Income ZIP 92123 California U.S.
Less than $10,000 5.6% 4.8% 6.0%
$10,000 to $14,999 2.3% 4.1% 4.3%
$15,000 to $24,999 3.0% 7.5% 8.9%
$25,000 to $34,999 5.8% 7.5% 8.9%
$35,000 to $49,999 8.7% 10.5% 12.3%
$50,000 to $74,999 19.0% 15.5% 17.2%
$75,000 to $99,999 16.7% 12.4% 12.7%
$100,000 to $149,999 18.4% 16.6% 15.1%
$150,000 to $199,999 9.8% 8.9% 6.8%
$200,000 or more 10.6% 12.2% 7.7%

Household Income in ZIP Code 92123

See the chart below for a comparison of annual household income figures in ZIP Code 92123, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 92123 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 92123

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 92123.

ZIP 92123 California U.S.
Median Housing Rent $2,133 $1,503 $1,062
Renter-Occupied Housing Units 51.5% 45.2% 36.0%
Rental Vacancy Rate 6.4% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.63 2.88 2.49
Average # of Bedrooms Per Unit 2.58 2.63 2.75
Percent of Income Spent on Rent 32.82% 31.23% 29.83%
Per Capita Income $41,848 $36,955 $34,103
Median Household Income $102,995 $106,916 $88,607
Living Below the Poverty Line 7.5% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 92123

In ZIP Code 92123 (San Diego, CA), and estimated 51.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.4%.

The per capita income in 92123 is estimated at $41,848, which goes along with an estimated median household income of $102,995. About 7.5% of residents in this San Diego County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.63 occupants, while the units have an aggregate average size of 2.58 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.82% of their income on housing rental costs.

Rental FAQs for ZIP Code 92123

1

What is the median monthly rent in ZIP Code 92123?

Median rent for housing in ZIP Code 92123 in San Diego County in California is approximately $2,133 per month.
2

Is it expensive to rent in ZIP Code 92123?

Rent in ZIP Code 92123 is higher than average in the state of California overall. The median monthly rent of $2,133 in ZIP Code 92123 is approximately 42% higher than the California median of $1,503. Additionally, median rent in this San Diego, CA region ($2,133) is about 101% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 92123?

High-priced rentals are more common in ZIP Code 92123 than in California overall. The percentage of rentals in ZIP Code 92123 that cost $3,000 or more per month (6.9%) is about 3% higher than the California rate of 6.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 188% lower than the aforementioned 92123 rate of 6.9%.
4

Are affordable rentals common in ZIP Code 92123?

Affordable rentals are less common in ZIP Code 92123 than in California overall. The percentage of housing rentals in ZIP Code 92123 costing $999 or less per month (2%) is approximately 91% lower than the California rate of 21.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 96% higher than the previously mentioned 92123 rate of 2%.
5

What is the most common cost range that rentals fall into in ZIP Code 92123?

The most common range for rental cost in ZIP Code 92123 is between $2,000 and $2,499 per month. About 35.6% of renters in 92123 pay in this range for monthly rent. In comparison, approximately 13.4% of renters in the state of California fall in the between $2,000 and $2,499 range, and 5.6% of overall U.S. renters fall in this range.
6

Does ZIP Code 92123 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 92123 is higher than the rental vacancy rate in the state of California overall. Rental vacancy of 6.4% in ZIP Code 92123 is about 78% higher than the California rate of 3.6%. Looking more broadly, rental vacancy in this San Diego, CA region (6.4%) is an estimated 7% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 92123? How does it compare to other California regions?

Median household income in ZIP Code 92123 is higher than in the state of California overall. Annual household income of $81,899 in ZIP Code 92123 is about 9% higher than the California median of $75,235. Additionally, median household income in this San Diego, CA region ($81,899) is approximately 30% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 92123 spend on housing costs?

Renters in ZIP Code 92123 spend a higher amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 92123 spend an estimated 32.82% of their income on rent payments, which is about 5% higher than the overall California estimated rate of 31.23%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 10% lower than the ZIP Code 92123 estimated rate of 32.82%.
9

Do renters in ZIP Code 92123 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 92123 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 92123 spending 30 percent or more of their income on rent costs (60.3%) is approximately 10% higher than the California rate of 54.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 22% lower than the aforementioned 92123 rate of 60.3%.
10

What is the average household size of renter-occupied units in ZIP Code 92123?

The average household size of renter-occupied units in ZIP Code 92123 is lower than in the state of California overall. Annual household size of 2.63 in ZIP Code 92123 is about 9% lower than the California median of 2.88. Additionally, median household size in this San Diego, CA region (2.63) is approximately 6% higher than median household size of 2.49 in the U.S. as a whole.

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