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Home Ownership

San Diego's home ownership rates have been relatively steady over the last five years. According to the U.S. Census Bureau, home ownership rates are defined as the percent of total households that own their home. The rate is computed by dividing the total number of households that are owned by the total number of households. According to the latest data, 63.3 percent of San Diego's total households are owned. This is the highest rate reported over the five-year period.

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Home Ownership Rates

Annual Statistics: 2002

  1998 1999 2000 2001 2002
San Diego County 55.7 56.0 59.1 64.0 63.3
California 56.0 55.7 57.1 58.2 58.0
United States 66.3 66.8 67.4 67.8 67.9

Source: U.S. Census Bureau Last Modified: 05/03

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Rental* and Homeowner** Vacancy Rates

Annual Statistics: 2002

Vacancy Rates for Rental Units:    
  1998 1999 2000 2001 2002
San Diego County 5.1 4.2 4.0 4.5 7.5
California 6.0 5.0 4.5 4.2 4.9
United States 7.9 8.1 8.0 8.4 9.0
           
Vacancy Rates for Homeowner Units:    
San Diego County 2.4 1.5 0.7 0.7 2.0
California 1.7 1.5 1.2 1.1 1.2
United States 1.7 1.7 1.6 1.8 1.7

*Rental vacancy rate is the percentage of the rental inventory that is vacant or for rent.
**Homeowner vacancy rate is the percentage of the homeowner inventory that is vacant or for sale. Source: U.S. Census Bureau Last Modified: 05/03

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Associations

Real Estate Associations
In addition to the following resources, the San Diego region is rich with companies ready to assist in all aspects of a company’s relocation or expansion, whether the company is interested in finding an existing property or office, or undertaking a complete build-to-suit project.

Building Industry Association of San Diego County (BIASD)
The BIASD is the largest independent chapter of the California Building Industry Association (CBIA). BIASD works closely with CBIA and the National Association of Home Builders (NAHB) on issues including housing affordability, environmental reform, streamlining burdensome permit processing, reducing homebuyer fees and construction dispute resolution. The mission of the Building Industry Association is to pro-actively promote a positive business environment for the homebuilding and light commercial/industrial industry throughout San Diego County.

National Association of Industrial and Office Properties (NAIOP)
The National Association of Industrial and Office Properties is a trade association representing more than 8,000 members who are developers, owners, investors, and related professionals in industrial and office real estate in 47 Chapters across the U.S. and Canada.

The Urban Land Institute District Council San Diego/Tijuana
The San Diego/ Tijuana District Council is the Urban Land Institute at the local community level. This local organization provides the structure for ULI to pursue its mission in the local community. As the principal local forum of real estate professionals, the San Diego/Tijuana District Council reflects the ULI at its best in membership opportunity, leadership development, community service and enhancement of land use policy and practice.

Society of Industrial and Office Realtors (SIOR)
The Society of Industrial and Office Realtors (SIOR) offers extensive educational courses for both members and candidate members. Designation as a member of the SIOR commercial network signifies the attainment of the outstanding knowledge a professional has achieved in the real estate industry.

Regional Economic Development Information (REDI) System
REDI is an interactive mapping and analysis tool that allows for the display and analysis of the 1998 Inventory and Market Classification of Employment Land, as well as other appropriate parcel level data from the Assessor Master Property Record file and SANDAG’s Land Use Inventory. Maintained by the San Diego Association of Governments (SANDAG), the REDI system can be accessed from SANDAG’s website.


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