San Diego ranks 11th in national home price growth

San Diego County home prices rose 3.4% over the past year, but this is the lowest increase to start 2025 in nearly two years. The S&P Case-Shiller Indices report showed that the San Diego metro area ranked 11th among 20 major U.S. cities for home price growth. The New York metro area led with a 7.75% increase, followed by Chicago at 7.52%. Many areas, including San Diego, have seen slower price growth due to higher mortgage rates and increasing home prices, making housing less affordable. Experts warn that without relief in mortgage rates or home prices, affordability will remain a serious issue for potential homebuyers. San Diego has one of the lowest homeownership rates for those under 30 in the country, ranking 45th out of 50 cities.