A question I hear a lot these days is, “What salary do I need to buy a house in San Diego?”
The salary needed to buy a median-priced home in San Diego for $950,000, you’ll likely need a household income of about $180,000–$200,000, and your debt, down payment, and loan terms.
What’s the Median Home Price in San Diego?
Here’s where home prices stand in early 2025. Of course, it differs depending on the neighborhood in San Diego you are considering moving into.
- The median home price in San Diego is $950,000
- Average home price in San Diego is over $1,020,000
- North Park average: close to $1,000,000
These numbers give us a starting point for determining how much income you need to buy a home here and for affordability.
Monthly Costs You Should Plan For
Here’s a breakdown of what your monthly costs might look like:
- Mortgage payment (with 20% down): ~$5,000/month
- Property taxes: ~$950/month
- Insurance and other costs: ~$250/month
Total: ~$6,200/month
What Salary Covers These Costs?
Most lenders want your monthly housing costs to be no more than 28–33% of your gross income.
To afford $6,200/month, the salary needed:
- At 28% DTI: ~$265,000/year household income
- At 33% DTI: ~$225,000/year household income
This assumes good credit, low other debts, and a 20% down payment. Different loan programs can shift this number up or down.
Lower Down Payment Options
Not everyone puts 20% down. Here are other scenarios:
- 10% down: Expect a higher monthly payment and PMI
- 3.5% down (FHA): May help you qualify, but higher monthly costs
- VA loans: 0% down, if eligible
How This Looks in North Park and Surrounding Neighborhoods
North Park is one of the most popular areas in central San Diego:
- Average homes priced around $950,000–$1,700,000
- Competition is strong, especially for well-maintained properties
You may need to be flexible with your budget or property size to buy in this neighborhood.
How the McT Real Estate Group Can Help You Plan
We’ll guide you through what it takes to buy in this market:
- Connect you with trusted local lenders
- Break down monthly costs and help set a realistic budget
- Match you with homes that fit your goals and finances
We know the neighborhoods. We’ve helped buyers find homes in North Park, South Park, University Heights, and all the different neighborhoods in San Diego County—even in tight markets.
Not Sure If You Can Afford It Yet?
That’s okay. We’ll help you figure it out.
Set up a free consultation with our buyer specialist at the McT Real Estate Group, and we’ll show you what’s possible. There is no pressure—just good information.
Let’s Talk
Whether you’re ready to buy or just getting started, we’re here to help. Let’s build a plan that fits your life and your goals.
