Rancho Santa Fe Homes For Sale

Rancho Santa Fe Homes For Sale - Median SalesRancho Santa Fe Homes For Sale

Rancho Santa Fe known locally as ″The Ranch″, is and an unincorporated bedroom community of San Diego County. With an estimated (2010) median income of $188,859,it is on the list of highest income communities in the United States with a population of at least 1,000. The population was 3,117 at the 2010 census, down from 3,252 at the 2000 census. The area is primarily residential with a few shopping blocks, a middle and elementary school, several restaurants and single family residential areas situated on primarily 1-3 acre parcels.

In 2011, Forbes reported Rancho Santa Fe as having the fourteenth most expensive ZIP code in the United States (down from second place in both 2006 and 2007), and fourth most expensive in California (most expensive California ZIP in 2007), with a 2011 median home sale price of $2,585,000.

“Rancho San Dieguito” as it was called in 1841, included 8,824 acres, and was acquired by the first political “alcalde” of San Diego, Juan Maria Osuna, under a land grant from the governor of Mexico, Pio Pico. In 1906 the Santa Fe Railway, a subsidiary of the Atchison, Topeka & Santa Fe Railway, purchased the entire ancestral grant of the Osunas thinking this would be good land to plant eucalyptus trees for railroad ties. The experiment of planting Eucalyptus trees for railroad ties came to a halt when it was determined that the wood was too soft to hold railroad spikes. In an attempt to recoup losses, the railroad formed the Santa Fe Land Improvement Company. The goal was to develop a planned community of country estates.

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