Skyrocketing Home Values in Mid-City Create Problems for Buyers and Renters ...Middle East

News by : (Times of San Diego) -
Nighttime drivers travel along El Cajon Boulevard in City Heights. (Crystal Niebla/inewsource) Renters and prospective homeowners hoping to stay in San Diego’s Mid-City area may find it more challenging as exploding home values are quickly outpacing incomes. A draft city report shows that the median value of a home in City Heights, Kensington-Talmadge, Normal Heights and Eastern Area was $723,000 in 2022, the most recent data cited. In 2000, it was nearly $150,000, making for a 384% increase over the two decades.   Meanwhile, the area’s median income during that time grew from $32,000 to $77,000 — a 142% increase. The numbers tell a familiar story: It’s becoming more expensiv

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