Chula Vista is the second largest city in the San Diego metro area, and one of the most desired places for renters in Southern California. Situated perfectly between the Mexican border and the wealthy and culturally diverse San Diego, Chula Vista is the melting pot of Southern California.
According to the 2010 census, Chula Vista had a population that came in just under 250,000 residents, dispersed among roughly 75,000 households. Almost half of all households within Chula Vista, 48 percent to be exact, contained at least one child under the age of 18, showcasing Chula Vista as a family-friendly environment.
A large determining factor for families choosing to call Chula Vista home is the quality and diversity of the local schools. The Chula Vista community school district is the largest district in the state of California, comprised of a total of 44 campuses across the city. Chula Vista is also home to several quality private schools and 4 private colleges.
Home prices in Chula Vista are also very affordable when compared to some of the more expensive areas around San Diego. This affordability is just another factor that attracts homeowners to this family-friendly city. A 2016 study found the median home price in Chula Vista was just over 464,000 dollars, with detached houses at the top of the range averaging 550,000 dollars. Comparably, townhouses and condos were just as competitive with pricing, coming in at just over 350,000 dollars.
Home prices in Chula Vista have shown a consistent return on investment, largely because of the increase in population and desirability of the city itself. From an investment or renters point of view, the median monthly rent just around 1,400 dollars, which largely depends on the home type, condo or detached single family home.
The majority of employers in the Chula Vista area are not large corporations, instead, small businesses spread throughout the community. The city of Chula Vista is heavily reliant on these small businesses, most of which are individually owned shops and restaurants catering to the vibrant tourist community. Being one of the most culturally diverse cities in Southern California, Chula Vista attracts visitors from across the globe, a tourist community that is the backbone of the local economy.
Chula Vista is packed with entertainment, local cuisine, and small businesses that show how diverse the area truly is. Chula Vista is one of the few cities in the San Diego area that offers something for everybody. Young families can find a place to set roots for years to come, or investors and property owners can take advantage, capitalizing on the consistent appreciation of home values and quality rental rates in Chula Vista.