Rental Rebound - San Diego County Sees Double Digit Growth
Rental prices in San Diego fell dramatically in response to COVID-19, but according to one analysis, they have rebounded and are back above pre-pandemic projections.
ApartmentList.com called it “pandemic pricing” as some areas experienced double-digit drops in monthly rental prices.
Yet rents in San Diego grew 2% in June, and have risen for six months straight.
The 2% rise means prices are higher than they were last March – or back to where they would have been had the pandemic not hit the economy so hard in the spring of 2020.
In total, rent prices in San Diego have risen nearly 10% in the past 12 months. Statewide, the rate was 4.4%, while nationally it was 8.4%.