How much is a home worth in ZIP code 92128?

The typical home in 92128 is worth $1,015,405, based on the Zillow Home Value Index.

Are home values rising in 92128?

Home values in 92128 are down 5.7% over the past year, and up 6.0% a year over five years.

What is the typical rent in 92128?

A typical home in 92128 rents for about $3,007 a month, a gross rental yield of 3.6%.

What is the property tax rate in 92128?

The effective property tax rate in 92128 is 0.7% — roughly $7,131 a year on a typical home.

ZIP code 92128 has a population of 48,992 and a median household income of $131,077.

HousingHandbookReference data

…

U.S. ZIP Code · CA92128

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

Typical home value

$1,015,405^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -5.7%
5-year / yr: +6.0%
10-year / yr: +6.0%

Relative price

vs U.S.: +257.5%
vs metro: +11.1%
vs state: +44.9%

Price history

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

The typical home in 92128 is worth $1,015,405 — 11.1% above the San Diego-Chula Vista-Carlsbad, CA median. Over the past year, values have fallen 5.7%. Homes here rent for a typical $3,007 a month — a 3.6% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $3,007^[2]
Gross yield: 3.6%^[2]
Cap rate: 2.1%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $7,131^[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: 48,992^[3]
Median household income: $131,077^[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: 6
Elementary: 4
Middle: 1
High: 1

Rancho Bernardo High
High · Grades 9–12 · Poway Unified
2,278 students
Bernardo Heights Middle
Middle · Grades 6–8 · Poway Unified
1,501 students
Highland Ranch Elementary
Elementary · Grades K–5 · Poway Unified
661 students
Morning Creek Elementary
Elementary · Grades K–5 · Poway Unified
564 students
Creekside Elementary
Elementary · Grades K–5 · Poway Unified
560 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 yield3.6%

Net yield (after ~40% expenses)2.1%

Annual rent$36,090

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$5,134

Loan principal$812,324

Down payment$203,081

Total interest paid$1,036,075

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 ratio2.19

Monthly cost to own$6,573

Monthly rent$3,007

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: 67th percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 70th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 92128?: The typical home in 92128 is worth $1,015,405, based on the Zillow Home Value Index.
Are home values rising in 92128?: Home values in 92128 are down 5.7% over the past year, and up 6.0% a year over five years.
What is the typical rent in 92128?: A typical home in 92128 rents for about $3,007 a month, a gross rental yield of 3.6%.
What is the property tax rate in 92128?: The effective property tax rate in 92128 is 0.7% — roughly $7,131 a year on a typical home.
Who lives in 92128?: ZIP code 92128 has a population of 48,992 and a median household income of $131,077.

#Comparable ZIPs

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

92116 vs 92128 →
San Diego, CA
Typical home
$1,012,604
Gross yield
3.0%
92110 vs 92128 →
San Diego, CA
Typical home
$1,018,699
Gross yield
3.5%
92126
San Diego, CA
Typical home
$1,006,658
Gross yield
3.5%
91935
Jamul CDP, CA
Typical home
$1,026,888
Gross yield
—
92003
Bonsall CDP, CA
Typical home
$1,029,671
Gross yield
—
92078
San Marcos, CA
Typical home
$1,029,709
Gross yield
3.7%

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Pit ZIP 92128 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA92128

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