Welcome to San Diego Blog | October 11, 2018

Rent Vs Buying: San Diego Rents Reach All Time High

 
The San Diego Union Tribune recently published a new article stating that rents have hit an all time high in San Diego. The average rent is now $1,960 per month, a 5.74% increase over last year. Since 2013, rents have increased anywhere from 3.90% to 8.40% per year. 
 
WHAT DOES THIS MEAN?
 
Consider buying! One of the many benefits for homeowners is a fixed monthly mortgage payment. On a 30 year fixed mortgage, your monthly payment will stay the same over the next 30 years while your rent payment will likely increase every year! 
 
We help renters become homeowners all over San Diego county. Please contact me at 619-643-2099 or matt@welcometosandiego.com if you are tired of paying high rent. 


 

 

Written by: Matt

Categories: Buyers, Downtown, Downtown San Diego, Featured Posts, Renters, Tips for Buyers

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