As California’s #1 Retail Mortgage Lender, our Descanso mortgage brokers work together to make your home financing feel like a win. From fast mortgage pre-approvals to finding the perfect home loan program, we’re dedicated to one thing: You.
Descanso: Economic Profile & Market Outlook
Located in San Diego County, Descanso presents a compelling case for residents and investors alike. This profile highlights the essential economic, real estate, and lifestyle metrics defining the local market.
📉 Economic Landscape & Business Vibe
- Maj Employers: UC San Diego, Qualcomm, U.S. Navy, Illumina
- Clusters: Biotech, Defense, Wireless Tech, Tourism
- Unempl Rate (2025): 4.7%
- Pop: Sized locally (Varies)
- Med Age: 36.5
- Household Income Trend: $95,000 (H1 2024-2025 avg)
🏠 Real Estate Market & Cost of Living
For prospective homeowners and investors, here is the current market snapshot:
- Median Home Price (2025): $1,030,000
- Inventory Trends: Tight (Low)
- Prop Tax Environment: 1.25% (Average Effective). Avg Cost of Living: Near state benchmark (Moderate-High, balanced utility/housing costs).
🎓 Education & Family Suitability
Families prioritizing education will find Descanso to be a strategic choice:
- Local Public High | 9-12 | 7/10 | Public
- Community School | K-8 | 7/10 | Public
- Saint Marys | K-12 | 8/10 | Private
Family Appeal: High. Offers stable school districts and a family-centric suburban environment.
🌟 Lifestyle, Culture & Safety
Points of Interest: Local Nature Park (N), Community Commercial District (C)
Vibe & Safety: Mix of coastal safety and master-planned "ranch" communities with active neighborhood patrols. Concentration of safety found in established residential pockets.
- Healthcare: UCSD Health, Scripps Health, Kaiser Permanente
- Public Transit: MTS Trolley, Coaster
- Utility Providers: SDG&E
Data sources: California Association of Realtors, US Census Bureau, GreatSchools, and local municipal reports (2024-2026).
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Current Mortgage Rates
Feb 24, 2026
| Program | Rate | APR |
|---|---|---|
| 30-Yr Purchase | 5.375% | 5.397% |
| 30-Yr Refinance | 5.625% | 5.641% |
| 30-Yr FHA Purchase | 5.125% | 5.675% |
| 30-Yr VA Purchase | 5.250% | 5.368% |
| 15-Yr Purchase | 5.000% | 5.038% |
| 15-Yr Refinance | 5.250% | 5.296% |
| 10/6 ARM Purchase | 5.875% | 5.883% |
| 7/6 ARM Purchase | 5.750% | 5.753% |
Rates subject to change. Get Quote