La Mesa-Spring Valley

As of today, the 30-year fixed mortgage rate for La Mesa-Spring Valley is approximately 6.800% (6.833% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

The median home value in La Mesa-Spring Valley is $735k. The median monthly rent is $2,113. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Home values in La Mesa-Spring Valley have increased 14.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

Based on a typical all-in ownership cost of $2,203/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $94k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Mesa-Spring Valley is $103k/year.

The largest employment sectors in La Mesa-Spring Valley are public administration (22%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.