San Diego is one of the most popular cities in California, and its rental market is always in high demand. If you're thinking of investing in rental property in San Diego, it's important to stay up-to-date on the latest market trends. Here's everything you need to know about the rental market in San Diego for the year 2022.
Rents Are on the Rise
According to Zillow, the median rent price in San Diego is expected to increase by 2.8% between 2021 and 2022. This increase is due to a combination of factors, including a growing population and a limited housing supply. If you're thinking of investing in rental property in San Diego, now is the time to do it!
The vacancy rate in San Diego is expected to decrease slightly in 2022, from 3.5% to 3.4%. This decrease is due in part to an increase in the number of people moving to the city. If you own rental property in San Diego, you can expect your units to be in high demand next year!
Now Is the Time to Invest this 2022
If you've been thinking about investing in rental property in San Diego, now is the time to do it! Rents are on the rise and the vacancy rate is expected to decrease slightly next year. These trends are good news for landlords and real estate investors! So what are you waiting for? Start your search for the perfect investment property today!
Conclusion:
San Diego is a popular city with a high demand for rental properties. If you're thinking of investing in rental property, now is a great time to do it! Rents are on the rise and the vacancy rate is expected to decrease slightly next year. So what are you waiting for? Start your search for investment property today! Contact us so we can help!
