San Diego’s diverse neighborhoods offer unique opportunities for short-term rental investments. The city’s coastal beauty, vibrant culture, and year-round pleasant weather make it one of the top Airbnb markets in California.
Below are the best-performing zip codes for investing in San Diego Airbnbs based on gross yield, annual revenue, and Zillow home values. This analysis can help investors understand the most lucrative markets within the city.
92119: San Carlos and Lake Murray Area
- Gross Yield: 9%
- Annual Revenue: $85,497
- Zillow Home Value: $998.4K
92119 encompasses the neighborhoods of San Carlos and parts of the Lake Murray area, both of which attract outdoor enthusiasts thanks to proximity to Cowles Mountain and Mission Trails Regional Park. It offers one of the highest gross yields in San Diego, making it particularly attractive for investors.
The annual revenue of $85,497 reflects the strong demand for short-term rentals here, while the Zillow home value indicates a relatively affordable entry point compared to coastal San Diego areas.
92102: Golden Hill and South Park
- Gross Yield: 5%
- Annual Revenue: $38,076
- Zillow Home Value: $740.6K
The 92102 zip code covers parts of Golden Hill and South Park, two historic neighborhoods known for their eclectic charm, vibrant coffee shops, and local boutiques. This area attracts both tourists and digital nomads looking for a more bohemian vibe. While the gross yield is lower at 5%, the annual revenue is still notable at $38,076. The home value of $740.6K provides a more accessible entry for investors aiming to capture steady rental demand.
92139: Paradise Hills
- Gross Yield: 5%
- Annual Revenue: $33,358
- Zillow Home Value: $738.0K
Paradise Hills is part of the southeastern San Diego region, offering a suburban feel with a mix of residential properties. It’s less crowded than central San Diego, making it attractive for families visiting the area. With a gross yield of 5% and annual revenue of $33,358, this zip code offers decent returns for a relatively lower property price point, as indicated by the $738.0K home value.
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92109: Pacific Beach and Mission Beach
- Gross Yield: 4%
- Annual Revenue: $66,308
- Zillow Home Value: $1.5M
Pacific Beach and Mission Beach are among the most popular beach destinations in San Diego, drawing tourists year-round. The 92109 zip code is known for its lively beach culture, boardwalks, and vibrant nightlife. While the gross yield is lower at 4%, the potential for higher occupancy rates and premium pricing makes it a strong market for short-term rentals. The $66,308 in annual revenue aligns with the premium beachside location, but investors should be aware of the higher home value at $1.5M.
92101: Downtown San Diego and Gaslamp Quarter
- Gross Yield: 4%
- Annual Revenue: $33,940
- Zillow Home Value: $782.2K
Downtown San Diego, including the iconic Gaslamp Quarter, is a hub for business travelers, convention attendees, and tourists exploring the city’s urban core. The area offers a mix of modern condos and historic buildings, making it appealing for a broad range of visitors. With a gross yield of 4% and annual revenue of $33,940, this market benefits from steady tourist traffic. The home value of $782.2K also makes it one of the more affordable central neighborhoods to invest in.
Conclusion
Investors should consider the unique characteristics of each zip code when planning their short-term rental strategy in San Diego. From beachside attractions to urban convenience, San Diego’s diverse markets offer compelling opportunities to achieve solid returns.
