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Making It In San Diego: Driving farther could save San Diegans money on housing

Posted: 1:34 PM, Jul 24, 2018
Updated: 2018-07-24 22:45:03-04
Making It In San Diego: Driving farther could save San Diegans money on housing

SAN DIEGO (KGTV) -- Making a longer commute could save San Diegans money on housing, according to a new Zillow report.

The report takes a look at how much homeowners and renters could save by adding 15 minutes to their commute.

In the San Diego metro, the typical home becomes more than seven percent less expensive when it’s shifted 15 minutes away from downtown.

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For renters, the cost to rent is lowered by nearly three percent when it’s shifted 15 minutes out.

Zillow also found that the area with the most value for homeowners is Otay Mesa with the average home selling for $464,200 and a median commute time of 24 minutes during rush hour.

As for renters, Eastlake Woods appeared to have the best value with an average rent of $3,109 and an average 29 minute commute time during rush hour.

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Of course, gas prices are a factor in long commutes as well. According to data out Tuesday, gas prices have risen by more than 72 cents over the last year. It’s unclear if the recent gas tax was factored into the data.