5 Reasons Bankers Hill San Diego is a Great Place to Live in 2021

Bankers Hill is one of the most established neighborhoods in San Diego. Located uptown near the popular Balboa Park, this neighborhood has gone by other names in the past including Park West and Florence Heights.

Hillcrest borders Bankers Hill to the north and its south border meets the downtown area. Balboa Park is to the east and the west border is outlined by I-5 along with Little Italy and Midtown.

This is primarily a residential neighborhood, especially west of Fifth Avenue and south of Laurel Street. However, there is a small commercial district. This area began booming in 2009 as new construction projects began, including condominiums located across from the park.

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The area is known for the affluent, which is how it got its name Bankers Hill its name. These days, Bankers Hill is a cultured community that is hot for trends. Within its borders, there are farm-to-table restaurants, to sushi spots, small plate eateries and decadent dessert restaurants that rival those found in neighboring Little Italy.

One special element of Bankers Hill is the Spruce Street suspension bridge. This historic structure is above Maple Canyon Trail. It is wobbly but is perfect for those looking for some adventure to add to their neighborhood walk. 

Currently, the average home value for a house in Bankers Hill is $695,700. Values rose 1% last year for the area and is expected to do that again over the next year. The current home price is $1.8 million. The market has slowed a little, so there could be some good deals for those looking to buy.

For those interested in the area, there are five good reasons to look to Bankers Hill for your next home.


Here's a quick rundown of our list:

Reason 1 - It is Centrally Located.

This area sits on a hill over the airport and San Diego Bay. Not only does this provide excellent views, but also provides access to both. There is I-5 that borders it, so there is an easy route to other parts of the city.

See the latest Bankers Hill homes, townhomes, and condos for sale here…

Reason 2 - It is a Good Mix of Both Old and New Residences.

Many of the older homes were designed by famous architects like Irving Gill. They are historical homes going back to the 1800's. Many have been restored and turned into commercial enterprises like office suites and bed-and-breakfast inns.

There are also new residences in varying price categories. New condos and courtyard apartments were built across from Balboa Park over the past 10 years. There are also some older low-rise condos to match the high-rise luxury units like those in Park Laurel. The mix of old and new, luxury and affordable provides a good feeling for those who live there.

Bankers Hill Homeowners: We have qualified buyers desperately seeking to buy immediately and pay top dollar…

Reason 3 -  Area has a Lot of Walkability

You do not need to drive to get anywhere in the neighborhood and that makes it one of the best urban areas. Most of the residences are close enough for people to walk to cafes, bars, restaurants and Balboa Park. That makes for a cleaner environment and increased community feeling.

The added bonus of living in Bankers Hill is that almost every home has either a view of the bay or of the park, making it one of the most scenic areas of San Diego.

Be an expert on Bankers Hill real estate – see all active, pending, and sold listings within the last 3 years now…

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Reason 4 - The Medical Offices are Plentiful and Highly Rates.


This area's primary business is medical. There are many physician and dental offices throughout the primary business district, creating the nickname of "Pill Hill." A new medical facility was built in 2014 that contains several specialties, general practitioners and an urgent care clinic.

If you are a first time home buyer, move up buyer – or, need money for your down payment and/or closing costs - Bankers Hill has many different options to choose from here…

Reason 5 - It is Near Balboa Park.


Balboa Park is recognized around the world as one of the premier attractions to visit in the United States. It includes numerous gardens, museums and restaurants so you can spend hours there. With it being so close to most residences, there is no reason why you and your family can't walk there several times a week to spend some quality time. You could probably even visit on your lunch hour to get a break during the day.

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Bankers Hill is one of those places that is unique in its history, culture and feel. It is a diverse area that offers both urban fun in its cafes and bars, but also has family-friendly places like Balboa Park. It truly is a world-class area that can meet any variety of needs for all ages.

If you are interested in residences in Bankers Hill, feel free to call, email or text me for more information. I would be happy to answer all your questions as well and would love to help you find your new home!

Leave me a comment below – or, contact me here


Your Bankers Hill Insider, 

Scott

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See Bankers Hill's Newest Listings Below...

30 Properties
Page 1 of 3
$1,299,000
Subdivision: Bankers Hill
2
Beds
2F11/2
Baths
1,975
Sq.Ft.
2016
Year Built
3
Days on Site
210027275
MLS
Welcome to luxury with a view of Balboa Park! This beautiful, dual-master corner unit has all the upgrades you count on (Bosch stainless steel appliances, 2020 updated kitchen cabinets, wood floors,...
$1,355,000
Subdivision: Bankers Hill
3
Beds
2
Baths
1,665
Sq.Ft.
1918
Year Built
4
Days on Site
210027229
MLS
Prime Bankers Hill location surrounded by expensive homes this Craftsman Bungalow is a Fixer needs love but has great layout and bones to be turned into charming Bungalow. Perfect fixer for investors...
$1,639,000
Subdivision: Bankers Hill
2
Beds
2
Baths
1,600
Sq.Ft.
2019
Year Built
4
Days on Site
210027252
MLS
Entertaining offers from $1,579,000-$1,639,000. Sophistication and style have a new address. Welcome to this stunning, 6th-floor, park-facing residence at 41West! This spectacular customized home...
$1,029,900
Subdivision: Bankers Hill
3
Beds
2
Baths
1,719
Sq.Ft.
1984
Year Built
5
Days on Site
210027193
MLS
Incredible value at Brittany Towers! Top Floor Corner residence is ready for you. The view says it all and is the perfect back drop for this residence perched above one of the best locations in San...
$649,900
Subdivision: Bankers Hill
1F11/2
Baths
931
Sq.Ft.
2004
Year Built
7
Days on Site
210026848
MLS
This former FBI building has been transformed into light filled lofts with mid-century detailed waffle ceilings and a great location. Airy, Bright Loft living allows for open spacious living quarters...
$2,050,000
Condo: The Park Bankers Hill
3
Beds
3F11/2
Baths
2,765
Sq.Ft.
2018
Year Built
15
Days on Site
210026153
MLS
Wrapped in Grecian marble and constructed with glass and steel; Residence 2862 at THE PARK is one of only 6 Townhomes built by award-winning developer ZEPHYR. This C-Shape 2-story home is built...
$530,000
Subdivision: Bankers Hill
1
Beds
1
Baths
727
Sq.Ft.
1973
Year Built
19
Days on Site
210025903
MLS
Great location directly across from Balboa Park, this turn-key unit is a 1br 1ba condo. Recent remodel included kitchen, bathroom, flooring, closet w/ organizer, recessed lighting, and freshly...
$460,000
Subdivision: Bankers Hill
1
Beds
1
Baths
861
Sq.Ft.
1981
Year Built
20
Days on Site
210025632
MLS
Conveniently located unit with 1 bed/1 bath available in Bankers Hill. Spacious floor plan with new wood-look flooring, carpet, and dual pane windows throughout. Bright living room with window nook...
Open 10/3
3417 Albatross St San Diego, CA 92103
$1,399,000
Subdivision: Bankers Hill
3
Beds
2
Baths
1,505
Sq.Ft.
1914
Year Built
20
Days on Site
210025703
MLS
This beautiful 1914 three bedroom/two bath bungalow is a jewel nestled into historic Bankers Hill. Gorgeous period details highlighted by extensive renovation in 2019 include a full kitchen remodel...
$649,900
Subdivision: Bankers Hill
2
Beds
2
Baths
1,048
Sq.Ft.
1970
Year Built
24
Days on Site
210025399
MLS
VA Approved! Watch Lifestyle video in MLS links. Will not last! This stunning remodeled condo will leave you speechless! Top floor corner unit with views of Hillcrest and Banker s Hill. Contemporary...
$1,199,000
Subdivision: Bankers Hill
2
Beds
2F11/2
Baths
2,032
Sq.Ft.
2016
Year Built
27
Days on Site
304414510
MLS
SHOWS LIKE A MODEL, THIS GREAT UNIT AT VUE ON 5TH. AND READY TO MOVE IN. ENJOY OVER 2,000 S/F OF LIVING SPACE ON ONE LEVEL WITH LUXURIOUS MODERN FINISHES SUCH AS QUARTZ COUNTERTOPS, STONE BACK...
Contingent
2604 5Th Ave #501 San Diego, CA 92103
$1,495,000
Subdivision: Bankers Hill
2
Beds
2
Baths
1,600
Sq.Ft.
2019
Year Built
28
Days on Site
210024992
MLS
Enjoy the ultimate urban, luxury lifestyle at 41West. Within walking distance to restaurants and Balboa Park. This sunny, northeast corner residence boasts park views and a glorious blend of modern...

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