$1,322,546Average Value$359Average Price per Sq Ft5Homes For Sale
An affluent residential community right by Balboa Park
Overlooking its southern neighbor Downtown San Diego, the affluent Bankers Hill offers the calm of a suburb with the walkability and amenities of a major city. “It’s urban and convenient without being in the midst of Downtown’s hubbub,” says Chase Penrose, a realtor with Real Broker and San Diego local. Balboa Park forms the neighborhood’s western border, and Little Italy immediately west of Bankers Hill is the center of San Diego’s dining scene and home of the legendary music venue Casbah, which has seen the talents of Nirvana, Vampire Weekend and more. Bankers Hill has its own share of local restaurants strung along Fifth Avenue, some of which have been active since the 1940s. Historically the home of the city’s wealthiest residents, Bankers Hill features a mix of 19th- and early 20th-century homes and Modern midrise condo buildings with ocean views.
Spanish Revival homes flourish in Bankers Hill.
Bankers Hill is situated directly north of Downtown San Diego, only a 5-minute drive.
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Modern condos, Craftsman bungalows and Georgian mansions
Bankers Hill’s housing market is dominated by condos, and proximity to Balboa Park and views of the ocean play a part in shaping price. A one-bedroom, ground-level unit closer to Little Italy can cost $560,000, while prices exceed $3 million for a three-bedroom atop a Modern mid-rise building that borders Balboa Park. In the northern and western areas of the neighborhood, there’s a handful of historic single-family homes from the late 19th to early 20th centuries; a two-bedroom Craftsman Bungalow from the 1920s with a gated backyard and stucco exterior can cost $1.4 million, while an 1880s Great Dame, Spanish Revival or Georgian Mansion that overlooks the Maple Canyon and gazes westward toward the ocean can exceed $4 million.
Most new residents will find condominiums the easiest entry into ownership in Bankers Hill.
Queen Anne Victorians dot Bankers Hill streets, often meticulously maintained.
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Local restaurants and nearby grocery stores and Little Italy
By Balboa Park, early 20th-century brick buildings hosting local eateries sit between Modern condominiums. Hob Knob Hill’s “Wizard of Oz” mural, stainless steel countertops and cushy leather booths drench the restaurant in midcentury Americana, and since 1944, residents have enjoyed starting the day here with fluffy waffles coated in powdered sugar and ending it with a double-patty cheeseburger and crinkle-cut fries. Atop the historic Manchester building, Mister A’s blue suede benches and white tablecloths set the scene for a fine dining experience “with great views of the city lights, Balboa Park and the ocean,” Penrose says. “Little Italy is also within walking distance of the neighborhood, and it's the dining center of San Diego.” Folks can find Walgreens, Whole Foods and Trader Joe’s grocery stores less than a mile north of Bankers Hill.
Barrio Star keeps regional specialties on the menu for locals and visitors alike.
Trader Joe's can be found just outside Bankers Hill in Hillcrest.
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Saint Patrick’s Day Parade and Festival
Since 1982, the San Diego Saint Patrick’s Day Parade has brought tens of thousands to Bankers Hill to watch bands of Kelt-wearing bagpipers and floats carrying traditional Irish dances march through the neighborhood’s streets. The fun continues in Balboa Park, where locals can listen to a mix of live modern and traditional Irish music as they shop among arts and crafts vendors. Every March, locals can also head to the Abbey — an event venue that was originally a Spanish Revival church — to try beers from over 15 San Diego breweries during the Bankers Hill Art and Craft Beer Festival.
Highly rated San Diego Unified schools
Local kids can attend Florence Elementary, which earns an A-minus from Niche. They can continue to B-plus-rated Roosevelt International Middle and A-rated San Diego High, the latter of which offers a variety of career-focused programs like GeoTech Academy for students interested in designing environmentally friendly technology and the Academy of Finance and Entrepreneurship for those who wish to pursue a business career.
Theodore Roosevelt Middle School in San Diego servers students in Bankers Hill.
Florance Elementary School in Hillcrest serves students in Bankers Hill.
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Balboa Park, canyons and wiggly bridges
The 1,200-acre Balboa Park’s sprawling green lawns and palm trees form Banker Hill’s eastern border. Locals entering the park from the neighborhood are greeted by paved trails that wind between low-hanging trees and bushes; as they head further toward its center, they can discover dozens of Spanish Renaissance buildings that are home to museums, arts centers and gardens, as well as the San Diego Zoo. “It’s not just one of the best zoos in the country but one of the best zoos in the world,” Penrose says. Within Bankers Hill, folks can descend into the Maple and Arroyo canyons, whose mile-long dirt paths are surrounded by grassy hills, tall eucalyptus and palm trees and bountiful yellow garland chrysanthemums that blossom in the springtime. Locals can also catch a bird’s eye view of the Maple Canyon from the historic Quince Street and Frist Avenue bridges, and over the Arroyo Canyon, the Spruce Street swing bridge earned the nickname “Wiggly Bridge” for the way it sways in the wind.
The famous Lily Pond in Balboa Park draws visitors and locals alike.
Maple Canyon contains two historic bridges and walking paths for those in Bankers hill.
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Easy Interstate 5 access and a nearby airport
Bankers Hill’s commuters have direct access to Interstate 5 and State Route 163, making travel in and out of the city easy. Broad sidewalks, separated bikeways along 4th and 5th avenues, and access to the Spruce Street and Quince Street bridges make the neighborhood pedestrian-friendly. Metropolitan Transit System buses also make stops throughout Bankers Hill. UC San Diego Medical Center is 2 miles north, and with the San Diego International Airport being only 2 miles west, planes often fly low and loudly over the neighborhood.
High atop 5th street Mr. A's restaurant, a San Diego institution, boasts bay and city views.
Dedicated bike lanes make Bankers Hill easy to traverse.
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Bankers Hill Community Group’s neighborhood watch
The CAP Index (Crimes Against Persons, Crimes Against Property) score in Bankers Hill is an overall 6 out of 10, with larceny and vehicle theft both receiving 7 out of 10. Locals can report safety incidents to the Bankers Hill Community Group, which runs a neighborhood watch program.
Lawn bowling is a favorite past time in Bankers Hill.
Bankers Hill is a walkers paradise with Balboa park just blocks away from many.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Mick Frasca,
an experienced agent in this neighborhood.
Parks in this Area
Plaza de Panama
Waterfront Park
Balboa Park
Dog Park
Picnic Area
Trails
Amici Park
Dog Park
Parking Lot
Cabrillo Canyon Entrance
Waldo Dean Waterman Park and Monument
Trails
Hiking
Transit
Airport
San Diego International
6 min drive
Bus
1st Av & Juniper St
Bus
1st Av & Nutmeg St
Bus
4th Av & Date St
Bus
4th Av & Juniper St
Bus
2nd Av & Fir St
Bus
5th Av & Nutmeg St
Bus
1st Av & Thorn St
Bankers Hill Demographics and Home Trends
On average, homes in Bankers Hill, San Diego sell after 35 days on the market compared to the national average of 70 days. The median sale price for homes in Bankers Hill, San Diego over the last 12 months is $235,000, down 75% from the median home sale price over the previous 12 months.
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Gorgeous 2bd/2bth with Stunning Panoramic Views From Every Room! This luxury condo offers unmatched privacy and tranquility. Boasting two spacious bedrooms and two elegant bathrooms, the home features breathtaking panoramic views of Point Loma, San Diego Bay, the Downtown skyline. Step inside to discover a stunning open-concept layout featuring an expansive kitchen with natural stone countertops,
Spacious Bankers Hill 2 Bedroom 2 bath with large separate kitchen and spacious deck for lounging. Pleasant views of the bay. Located steps from Balboa Park , restaurants and shops. Short trip (even walkable!)to downtown or Little Italy. Complex has clubhouse(free for residents' social events) workout room and pool.
41 West is the Best of Everything one would expect in City Living and in perhaps San Diego's finest neighborhood, Bankers Hill. Steps away from Balboa Park and all it has to offer: golf, museums, tennis, swimming, the San Diego Zoo and more. 41 West is steps away from the elegance of Mister A's, across the street from your local deli, The Marketplace, around the corner from the Yoga deck, Cucina
Only unit under 4000 sqft feet for sale! Park Laurel park facing 2BR with his/hers office has over 2,600 square feet on one floor and is located on NE corner of the 11th floor of the North Tower. This spacious, light-filled condo has spectacular views of Balboa Park which is just across 6th Avenue. Remodeled, designer chef's kitchen with Viking SS appliances, SubZero refrigerator, center
Welcome to this luxuriously remodeled condo in the highly sought-after Bankers Hill neighborhood. Thoughtfully upgraded with no expense spared, this home has been freshly painted and includes a newer AC unit for modern comfort and efficiency. Featuring custom soft-close cabinetry, stunning Cambria Quartz countertops in the kitchen and bath, Brizo designer faucets, and high-end appliances, every
Discover Your Modern Retreat at Asano on 4th opened May 2025 - a stylish apartment complex featuring 56 luxury residences, nestled in the Bankers HillLittle Italy neighborhood of San Diego. This exceptional location harmonizes urban energy with a peaceful ambiance, making it ideal for those who desire a lively community atmosphere. Just moments away, you'll find the breathtaking landscapes of
Become part of one of the most prestigious and desired communities in all of San Diego! The Alicante is a gorgeous modern building centrally located in the heart of San Diego right next to breathtaking Balboa Park! Nestled in between Hillcrest, Little Italy, and Downtown, you have access to all the city has to offer while enjoying the peace of magnificent Banker's Hill. This condo boasts 2br 2
Fully remodeled top floor industrial loft located in Banker's Hill in a low-rise building located less than a block from Balboa Park on 5th Avenue between Spruce and Thorn. This loft is perfect for entertaining. Two large skylights, fifteen foot concrete ceilings, wood floors, terrazzo tile in bathrooms, matte white kitchen counters, bamboo cabinets, huge kitchen island, new stainless steel
Interested in learning more about homes in this area?
Reach out to
Mick Frasca,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
9,465
Median Age
43
Population Density
23 ppl/acre
Population under 18
12.3%
Below the national average
23.8%
Population over 65
22.1%
On par with the national average
19.1%
Finances
Median Household Income
$89,546
Above the national average
$71,702
Average Household Income
$115,707
Education and Workforce
High School Graduates
95.5%
College Graduates
60.9%
Significantly above the national average
34.1%
Advanced Degrees
26.4%
Above the national average
13.3%
% Population in Labor Force
63.8%
Weather
Annual Precipitation
9''
Average Winter Low Temperature
50°F
Average Summer High Temperature
76°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
45/ 100
Walker's Paradise
Walk Score®
92/ 100
Good Transit
Transit Score®
60/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
