One of the meanings of Escondido, California is “hidden treasure”, and this city located thirty miles north of San Diego might live up to its namesake. As a suburb of San Diego, Escondido acts as a bedroom community that provides enough on its own to attract buyers looking for a quiet taste of Southern California life with great schools and plenty of fresh fruits and vegetables, given the city’s historical significance in the agricultural industry.
Home to such residents as soap maker Emmanuel Bronner, rally car racer and automotive filmmaker Ken Block and the first millionaire in California, Samuel Brannan, Escondido is also home to a weekly classic car showcase and will also be a stop along the future California high-speed train corridor once it is built. The city also hosts a number of museums and cultural events in its quaint yet vibrant Downtown business district, quite the contrast given the vicinity of Escondido to one of the biggest cities in the country.
Housing prices here in Escondido are rather expensive compared to other locations in the country. Much like elsewhere in Southern California, housing prices are quite expensive even though the area ranks as one of the top suburbs in San Diego. The average listing price for homes in Escondido was $563,197 according to data published from Trulia. For a $600,000 property in Escondido, the monthly payments for a thirty year mortgage ranged from $2,300 to $2,500 each month with twenty percent down, according to data published by Zillow. Interest rates for the loans surveyed by Zillow will range from 4.12 percent to 4.25 percent.
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Escondido is one of the top suburbs in San Diego, and the options reflect that. Some of the more top end neighborhoods in the area include Daley Ranch and San Pasqual, where the homes start at over $1 million. Other higher-end neighborhoods are also found in Lake Hodges, Felicita, West Ridge, North Ridge, East Canyon and Mesa Rock.
More middle of the road neighborhoods in the city includes East Valley, Jesmond Dene, Central Escondido, Lake Wohlford and Cloverdale. With fifteen parks along with a zoo safari and a Buddhist Monastery, Escondido residents certainly have their fair share of outdoor space and activities that is fun for the whole family.
Surrounding communities in the area include San Marcos, Rancho Santa Fe, Encinitas, Solana Beach, Del Mar, Poway, Rancho Bernardo and Ramona. With the beach nearby and the mountains three or four hours away, buyers can enjoy the best of both worlds here.
For buyers looking for a San Diego suburb that has excellent schools, quiet family neighborhoods and the amenities that appeal to many different demographics, look no further than Escondido.