Why Live in Terra Nova
Terra Nova in Chula Vista, CA, features clusters of 1980s Mediterranean-style homes with midsize grassy lawns, situated along winding drives and cul-de-sacs. The neighborhood is known for its lack of Mello-Roos taxes, adding value for residents who often hold onto their properties. Homes here range from three- to five-bedroom options, with prices varying from just under $900,000 to $1.5 million. The area also includes condos, townhouses, and duplexes priced between $550,000 and $700,000. Terra Nova Park, a 17-acre space, offers a baseball field, basketball and tennis courts, a playground, and a paved walking loop. For shopping, Terra Nova Plaza, less than a mile away, provides grocery stores, apparel retailers, and dining options like Caffe Tazza and Bento & Noodles. Larger stores, including Costco and Walmart, are just over a mile east, while Westfield Plaza, 2 miles north, offers extensive fashion retail. The neighborhood hosts various events, with Halloween being particularly notable. Residents often work at nearby employers like Scripps Mercy Hospital, 3 miles west, or commute 10 miles to downtown San Diego. Public transportation options include the E Street Light Rail Station and bus services on East H Street. The Chula Vista Elementary School District, rated highly, serves the area, with Clear View Elementary, Bonita Vista Middle, and Bonita Vista High all receiving strong ratings. The neighborhood's crime rate is lower than the national average, contributing to its appeal.
Frequently Asked Questions
Is Terra Nova a good place to live?
Terra Nova is a good place to live. Terra Nova is considered somewhat walkable and somewhat bikeable with some transit options. Terra Nova is a suburban neighborhood. Terra Nova has 5 parks for recreational activities. It is somewhat dense in population with 7.9 people per acre and a median age of 43. The average household income is $122,725 which is above the national average. College graduates make up 33% of residents. A majority of residents in Terra Nova are home owners, with 30% of residents renting and 70% of residents owning their home. A
local real estate agent serving Terra Nova can help you decide if this neighborhood is the right one for you. Learn more on our
Terra Nova neighborhood guide.
How much do you need to make to afford a house in Terra Nova?
The median home price in Terra Nova is $1,056,430. If you put a 20% down payment of $211,300 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $5,460 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $234K a year to afford the median home price in Terra Nova. The average household income in Terra Nova is $123K.
What are the best public schools in Terra Nova?
The best public schools that serve Terra Nova are:
What are the best private schools in Terra Nova?
The best private schools that serve Terra Nova are:
What are the most popular zip codes in Terra Nova, Chula Vista, CA?
What are the most popular neighborhoods near Terra Nova, Chula Vista, CA?
Are home prices dropping in Terra Nova?
Yes, home prices in Terra Nova are down 49% in the last 12 months.
Home Trends in Terra Nova, CA
On average, homes in Terra Nova, Chula Vista sell after 27 days on the market compared to the national average of 70 days. The median sale price for homes in Terra Nova, Chula Vista over the last 12 months is $333,000, down 54% from the median home sale price over the previous 12 months.
Median Sale Price
$333,000
Median Single Family Sale Price
$286,000
Median Townhouse Sale Price
$380,000
Median 2 Bedroom Sale Price
$1,025,000
Average Price Per Sq Ft
$182
Number of Homes for Sale
1
Last 12 months Home Sales
16
Median List Price
$1,056,430
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-54%