ZIP Code Market Report
92121 — San Diego, CA
Data through February 2026 · Updated monthly
Avg Home Value
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Month-over-Month
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Single Family
$1,443,515
Condo / Co-op
$777,949
A 3-bedroom home in 92121 is valued at $891,851. Single-family homes average $1,443,515, while condos average $777,949.
The market in 92121 has a $924,574 spread between bottom-tier homes at $780,011 and top-tier homes at $1,704,585. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 92121 ZIP code will decrease 0.1% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the San Diego County market area in California. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full San Diego County report.
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Market Snapshot
92121 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Single Family Value | $1,437,272 | $1,440,306 | $1,443,515 | ▲ 0.4% |
Home Values
92121 Home Value Trend
Historical home values for ZIP code 92121. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 92121
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 3 Bedrooms | $891,851 |
| 4 Bedrooms | $1,618,825 |
Property Types
Home Values by Property Type in 92121
How different property types compare in this ZIP code.
Single Family
$1,443,515
Condo / Co-op
$777,949
Bottom Tier
$780,011
Top Tier
$1,704,585
Forecast
12-Month Home Value Forecast for 92121
Zillow projects home values in 92121 will decrease 0.1% over the next year.
Current Value
--
Projected Change
-0.1%
▼ 0.1%
Projected Value
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Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 92121 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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