Buying a Home in San Diego for Under $1 Million: Yes, It’s Still Possible — Here’s How
By Amara Berg, San Diego Realtor & Multifamily Investment Specialist
Let’s address the coastal elephant in the room: yes, San Diego is expensive. But despite what your favorite doom-scroll app says, you can absolutely still buy a home in San Diego for under $1 million.
Whether you’re a first-time buyer, new to town, or finally ready to trade rent checks for equity, this guide walks you through how to make a smart move — literally — in one of the most beautiful and competitive markets in the U.S.
Let’s break it down, millennial-style (with real advice, some humor, and no gatekeeping).
🏡 What Can You Actually Get for Under $1 Million in San Diego?
Good news — a lot more than you think. Under $1M in today’s San Diego market can still land you:
Single-family homes in neighborhoods like Clairemont, Allied Gardens, Serra Mesa, Spring Valley, and El Cajon.
Townhomes and condos in urban zones like North Park, University Heights, and Mission Valley.
Fixers in well-located zip codes (perfect for those with vision and a solid Pinterest board).
New builds or newer homes in Chula Vista, Otay Ranch, or parts of East County.
👉 Start your search now at SanDiegoJustListed.com – it’s updated daily with homes under $1M across every zip code.
💸 How to Stretch Your Budget (Without Selling a Kidney)
San Diego might be pricey, but you don’t need a million dollars—or 20% down—to own a home here.
✅ Low Down Payment Options
You can buy with:
3% down using conventional first-time buyer programs
3.5% down with an FHA loan (great for lower credit scores)
0% down if you qualify for a VA loan
✅ Learn more about loan types here.
✅ Down Payment Assistance (Free-ish Money)
California offers great programs through CalHFA, including:
MyHome Assistance Program — up to 3.5% for your down payment
CalPLUS with ZIP — covers closing costs with a 0% interest loan
Local SD Grants — up to $25,000 in forgivable assistance if you qualify
You’d be shocked how many buyers qualify without knowing it. Let’s chat and see what’s possible → Book a consult with Amara
📍 Where to Look: San Diego Neighborhoods Under $1M
Here are a few of my favorite places where your dollars still go far:
🌴 Clairemont Mesa
Just inland from Pacific Beach, this neighborhood is full of mid-century charm, freeway access, and homes in the $850K–$950K range.
🛠️ Allied Gardens / Serra Mesa
Affordable single-family homes with huge renovation potential — close to Mission Valley but tucked away in quiet family-friendly streets.
🏞️ Spring Valley & El Cajon
Want more space for your money? East County gives you bigger lots and room to grow, with homes starting in the $700s.
🌇 North Park & University Heights (Condos + Townhomes)
For the foodie or artist buyer, these walkable areas are full of cool condos under $750K, plus coffee shops on every corner.
🌅 Otay Ranch / Chula Vista
In South Bay, newer builds under $900K offer great schools, parks, and family-friendly layouts — with a commute that’s getting better every year.
🧠 Be a Smart Buyer in a Hot Market
If you’re buying under $1M, you’re likely competing with other well-qualified buyers. But here’s how to stand out:
Get pre-approved before house hunting (It’s your golden ticket!)
Stay flexible on your must-haves — focus on location, layout, and long-term potential
Don’t sleep on townhomes and condos — lower maintenance, walkability, and often more modern finishes
Want to tour something this weekend? → Request a showing now
🔍 Home Buyer Pro Tips
Don’t skip the home inspection (even if it’s “move-in ready”)
Look past bad photos — I’ve helped clients land great deals on homes that were badly staged or poorly marketed
You can always refinance later if rates drop. Just focus on buying smart now.
Need a quick equity check on a property you’re eyeing? DM me on Instagram @sdrealestateagent or shoot me a text at (619) 550-7074.
🥂 Final Word: You Don’t Need a Million Bucks to Own in San Diego
San Diego’s market can be competitive, but it’s not impossible. You just need the right strategy, a solid pre-approval, and someone who knows how to negotiate like a local. (Hi, that’s me 🙋♀️)
I’ve helped first-time buyers, military families, and out-of-state investors score beautiful homes — all under $1M.
👉 Let’s talk strategy — Schedule a free buyer consult
👉 Or start browsing now at SanDiegoJustListed.com
You don’t have to wait. You just need the right plan. Let’s make it happen. 🏡