How much is a home worth in ZIP code 92028?

The typical home in 92028 is worth $890,788, based on the Zillow Home Value Index.

Are home values rising in 92028?

Home values in 92028 are down 0.4% over the past year, and up 5.1% a year over five years.

What is the typical rent in 92028?

A typical home in 92028 rents for about $3,101 a month, a gross rental yield of 4.2%.

What is the property tax rate in 92028?

The effective property tax rate in 92028 is 0.6% — roughly $5,760 a year on a typical home.

ZIP code 92028 has a population of 52,227 and a median household income of $111,290.

HousingHandbookReference data

…

U.S. ZIP Code · CA92028

San Diego County · San Diego-Chula Vista-Carlsbad, CA

Typical home value

$890,788^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +5.1%
10-year / yr: +5.8%

Relative price

vs U.S.: +213.6%
vs metro: -2.6%
vs state: +27.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 92028 is worth $890,788 — 2.6% below the San Diego-Chula Vista-Carlsbad, CA median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $3,101 a month — a 4.2% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $3,101^[2]
Gross yield: 4.2%^[2]
Cap rate: 2.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $5,760^[3]

#Climate risk

FEMA National Risk Index ratings for San Diego County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively Moderate
Wildfire: Very High
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Relatively Low
Earthquake: Relatively High
Winter weather: Relatively Low

#Who lives here

Population: 52,227^[3]
Median household income: $111,290^[3]

#Migration

Household moves in and out of San Diego County over a year, from IRS tax-return data.

Net migration: -5,385^[5]
Moved in: 70,215
Moved out: 75,600

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 7
Middle: 2
High: 3

Fallbrook High
High · Grades 9–12 · Fallbrook Union High
1,900 students
James E. Potter Intermediate
Middle · Grades 7–8 · Fallbrook Union Elementary
800 students
Live Oak Elementary
Elementary · Grades K–6 · Fallbrook Union Elementary
682 students
Fallbrook STEM Academy
Elementary · Grades K–6 · Fallbrook Union Elementary
615 students
Maie Ellis Elementary
Elementary · Grades K–6 · Fallbrook Union Elementary
566 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.2%

Net yield (after ~40% expenses)2.5%

Annual rent$37,207

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,504

Loan principal$712,630

Down payment$178,158

Total interest paid$908,920

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.85

Monthly cost to own$5,729

Monthly rent$3,101

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 44th percentile^[1]
Rental yield: 81st percentile^[2]
Property tax: 47th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 92028?: The typical home in 92028 is worth $890,788, based on the Zillow Home Value Index.
Are home values rising in 92028?: Home values in 92028 are down 0.4% over the past year, and up 5.1% a year over five years.
What is the typical rent in 92028?: A typical home in 92028 rents for about $3,101 a month, a gross rental yield of 4.2%.
What is the property tax rate in 92028?: The effective property tax rate in 92028 is 0.6% — roughly $5,760 a year on a typical home.
Who lives in 92028?: ZIP code 92028 has a population of 52,227 and a median household income of $111,290.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

92019 vs 92028 →
Rancho San Diego CDP, CA
Typical home
$878,757
Gross yield
3.7%
92056 vs 92028 →
Oceanside, CA
Typical home
$876,164
Gross yield
3.9%
92069
San Marcos, CA
Typical home
$907,546
Gross yield
3.9%
92115
San Diego, CA
Typical home
$870,875
Gross yield
3.6%
91915
Chula Vista, CA
Typical home
$867,741
Gross yield
4.5%
92084
Vista, CA
Typical home
$914,331
Gross yield
3.6%

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#Jump to section

U.S. ZIP Code · CA92028

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