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San Diego, CA Mortgage Rates Today

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San Diego, CA

Current Mortgage Rates in San Diego

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San Diego housing market at a glance

September 2026 data

In San Diego, homes are selling in about 63 days (7 slower than a year ago), sales are up 9.9% from last year, and about 20% of listings have had a price cut.

Median sale price
$795,000
$620 per sq. ft.
Homes sold
4,165
▲ 9.9% vs. 3,789 last year
Days on market
63
vs. 56 days last year
Homes for sale
3,718
338 new listings
Listings with a price cut
20%
747 of 3,718 listings

Source: Movoto San Diego, CA market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in San Diego

Monthly payments on San Diego's median home price of $795,000 (September 2026), at today's rates.

20% down · Conventional
$4,883/mo
Down payment
$159,000
Loan amount
$636,000
Rate
7.000%
Principal & interest
$4,231
Est. property tax
$497
Est. homeowners insurance
$155
5% down · Conventional
$5,676/mo
Down payment
$39,750
Loan amount
$755,250
Rate
7.000%
Principal & interest
$5,025
Est. property tax
$497
Est. homeowners insurance
$155
3.5% down · FHA
$5,650/mo
Down payment
$27,825
Loan amount
$780,601
Rate
6.625%
Principal & interest
$4,998
Est. property tax
$497
Est. homeowners insurance
$155

Payments include principal, interest, estimated San Diego property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in San Diego?

A common lender guideline is to keep your total housing payment (principal, interest, estimated San Diego property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for San Diego's $795,000 median home:

20% down · Conventional$4,883/mo payment $209,262/yrabout $17,438/mo before taxes
5% down · Conventional$5,676/mo payment $243,264/yrabout $20,272/mo before taxes
3.5% down · FHA$5,650/mo payment $242,131/yrabout $20,178/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $636,000 loan (the San Diego median price with 20% down). Every 0.25% is worth about $106/mo.

Rate6.00%6.25%6.50%6.75%7.00%
today		7.25%
Monthly P&I$3,813$3,916$4,020$4,125$4,231$4,339

Ways to make a San Diego home more affordable

  • Negotiate on price. About 20% of San Diego listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 63 days to sell, 7 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $211 a month.
  • Compare loan types. FHA rates are at 6.625% vs. 7.000% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

San Diego mortgage and home buying FAQs

What are mortgage rates in San Diego today?

As of October 15, 2026, Lower’s 30-year fixed conventional rate in San Diego is 7.000% (7.262% APR), and the 30-year FHA rate is 6.625% (7.448% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in San Diego?

On San Diego’s $795,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.000% comes to about $4,883 a month, including principal, interest, estimated San Diego property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $5,650 a month before monthly mortgage insurance.

How much income do I need to buy a house in San Diego?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $209,262 a year to buy San Diego’s $795,000 median home with 20% down, or about $242,131 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in San Diego?

On the $795,000 median home, 20% down is $159,000, 5% down is $39,750, and the FHA minimum of 3.5% is $27,825. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in San Diego right now?

In September 2026, San Diego homes sold in about 63 days, 7 days slower than a year earlier. 4165 homes sold, up from 3789 the year before, and about 20% of the 3718 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in San Diego?

On a $636,000 loan (the median San Diego home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $106 a month, or about $1,275 a year.

How much are property taxes in San Diego?

Lower estimates San Diego property taxes at about 0.75% of a home’s value per year. On the $795,000 median home, that’s roughly $5,963 a year, or $497 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in San Diego from The Zebra; your quote will vary. Rates as of October 15, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

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June 30, 2026

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June 27, 2026

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