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Fallbrook CDP, CA

ZIP 92028 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 92028

Median Home Value
$781,200
Median Rent
$1,607
Affordability Snapshot
$215,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,018/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

40.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 92028 in Fallbrook CDP, CA, a household would need roughly $215,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,018. That is about 110% above the local median household income ($102,346), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
71.3%+9% vs US avg
x
Vacancy Rate
6.4%-38% vs US avg
x
Broadband Access
93.8%+8% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
2.5%-63% vs US avg
x
Rent Burden >30%
31.4%-37% vs US avg
x
Mortgage-Free
32.1%-16% vs US avg
x
$781,200
Home Value
$1,607
Rent
1985
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.1%
  • 1-unit attached3.7%
  • 2-9 units5.8%
  • 10+ units10.9%
  • Mobile home & other6.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$781,200
Median rent$1,607
Owner-occupied71.3%
Vacant6.4%
Price-to-income7.6x
Est. income to buy$215,000