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San Diego’s Housing Crisis
The Single Greatest Threat to San Diego’s Economic Growth
San Diego County is in a housing crisis with a shortage of safe, affordable housing. How can we build resilient communities if San Diegans can’t afford to live here? Housing is a foundational issue that affects all income sectors.
Growing Supply Gap.
Housing production is not keeping pace with housing need. The housing backlog in California will reach 3.5 million by 2025.
Economic Impacts.
Housing affordability limits recruitment and retention of the skilled workers who drive San Diego’s innovation economy.
| 42% | Increase in the median home price in San Diego County in the past five years |
| $150k | Average annual pay in life sciences sector vs $200,000 needed to qualify for purchase of an existing single-family home at the $900,000 median price |
| 38% | of San Diegans spend more than 30% of their income on housing |
Workforce Impacts.
The lack of accessible, affordable housing makes our future workforce vulnerable. A staggering 59% of San Diego Community College District students are housing insecure.
Inequitable Impacts.
The cost burden of housing is unequally distributed in San Diego.
| 51% | of Black San Diegans pay more than 30% of their income on housing |
| 43% | of Latino/a San Diegans pay more than 30% of their income on housing |
| 34% | of White San Diegans pay more than 30% of their income on housing |
Our Goal
Support the creation of 1,000 units of new housing in each of the next 10 years.
Thinking Differently about Housing
The San Diego Housing Fund (SDHF) is partnering with investors, real estate developers and property owners on a new approach to provide faster, more efficient housing production across the spectrum of affordability.
