San Diego

Rent across San Diego County continues to rise

“I don’t see any end in sight. People are always going to want to live here,” stated Brittny Brown, co-founder of Bridgehaus Property Managers.

SAN DIEGO — As San Diegans proceed to really feel the strains of high-priced housing, a brand new examine confirms that hire costs across the county have dramatically elevated prior to now year.

According to Rent.com, studio residences noticed the largest bounce, going up 21%.

“It’s insane…it’s crazy,” stated Brittny Brown, co-founder of Bridgehaus Property Managers.

Brown says even with hire going up across San Diego County, some items are getting 50 provides the primary day.

“There’s a property right in Solana Beach that the tenants are moving out,” stated Brown. “We’re raising it $500 a month and I have people offering to send me lunch, to buy my dog a toy, to buy other dogs of the company a toy…whatever.”

According to a examine from Rent.com, the common value for a studio residence in San Diego is $2,378, up 21% from final year. A one-bedroom residence is up 18% to $2,707. And that is the common.

In Spring Valley, one-bedroom residences jumped 65%. And that is not even the largest bounce.

In Encinitas, three-bedroom residences are up 82%.

So, what’s behind the sudden spike?

“People realize they can work from home and so they are taking the opportunity to live where they’ve always wanted to live and live in San Diego,” stated Brown.

She added that folks shifting right here from different cities need to dwell close to the coast, driving up hire in these areas.

But then folks presently residing close to the seashore get priced out and transfer East. That pushes up demand there too and, earlier than you already know it, costs everywhere in the county are up sharply.

“There just aren’t places to rent that are cheap anymore in San Diego,” stated Brown. “So, no matter where you go, you’re going to pay a premium unless you find an owner who is super generous.”

The different drawback is that inflation is forcing a variety of house owner’s associations in condos to elevate their dues, which landlords historically go on to tenants.

Unfortunately for renters, Brown says it appears like issues are going to worsen earlier than they get higher.

“I don’t see any end in sight. People are always going to want to live here,” stated Brown.

Without question, it’s paradise at a value.

WATCH RELATED: No hire hike for residents in 9 of 17 Oceanside cellular dwelling parks (April 2022)

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