Mission Valley is located in the heart of central San Diego. It’s a popular location for both families and young professionals, likely because it’s only a 10-minute drive to some of San Diego’s most popular attractions. Head to the west and you’ll find Mission Beach, head to the south and you’ll end up at Balboa Park.
The SDCCU Stadium is located in Mission Valley. Here, you can watch the San Diego State Aztecs beat opposing teams at football in the fall. Major music acts such as Beyonce and One Direction have headlined here as well. A few minutes down the road you’ll find Ikea and Costco, the perfect places to buy your college freshman everything they need for their dorm.
One of the city’s most popular malls is in the area. Fashion Valley has everything from Louis Vuitton and Gucci to Forever 21 and Apple. Whatever you might need, chances are they have it. There are a number of good restaurants in the area, too. Stacked is the perfect place to go if you love to personalize your meal. You can order off of iPads and customize just about any food or drink item!
These are the stats as of December 2022. For monthly stats, visit the San Diego Association of Realtors website.
Mission Valley 92108 Single Family Homes: $1,145,500 (year to date average)
Mission Valley 92108 Condos: $600,000 (year to date average)
Mission Valley is home to endless condos and apartments, with the occasional single family home development. Because of its appealing central location, higher rents can be expected. One bedrooms typically go for $1,800-$1,900 and condos are closer to $2,400.
2528 Aperture Circle - Full Deal Report
Civita is a prestigious new master community in the heart of Mission Valley composed of a handful of subcommunities. Frame & Focus is one of them with a nice view up on a hill. New construction is nice because you should have less maintenance expenses the first decade or so. On the flip side, it costs more to purchase and that is reflected in the tough bottom line for this property. In our experience, even with the resort-style amenities, the higher price tag on the rental properties in Civita can lead to longer days on market due to a high supply of more budget friendly alternatives in 92108.
2976 Escala Circle - Full Deal Report
Good Life manages quite a few units in the Escala community and they always rent quickly. It is a desirable community across the street from Costco and other popular shopping destinations. The Mello-Roos and HOA fees eat into profit on these units but it is a well-maintained gated community that will remain stable for renters.
Mission Valley is a central location with major shopping centers and easy highway access. This leads to high renter demand year round. There is a mix of older HOAs and new construction communities to choose from. The emigration of the Chargers from San Diego has lead to massive redevelopment of the SDSU satellite campus and stadium. This will likely cause a short-term decrease in attractiveness due to construction, but once it's open, will reinvigorate demand for student renters.
The year-round high supply of condo and apartment inventory can lead to market rent cuts. There are even more new communities currently being built and developed so this issue won't be going away anytime soon. High HOA fees in general must be accounted for in the area.
The biggest project that is likely coming to the Mission Valley area is the construction of a new football stadium for SDSU. Recently, financing has been secured to construct the stadium and expand the SDSU campus. Currently, they are waiting to reach a deal with the city to secure the land. This project would likely bring many student renters to the area and increase home prices, due to proximity to the stadium.
Good Life Property Management has become experts in Mission Valley property management over the last 7 years. As a result, we know how to effectively market and manage your Mission Valley home. We find that days on market are average when compared to other areas and vacancy is about average as well. Mission Valley property management can be challenging, but doesn’t have to be with Good Life.