The property values in El Cajon seem to be relatively affordable compared to nearby areas such as La Mesa and Santee. According to a recent report by Realtor. El Cajon is $410,000, while it's $685,000 in La Mesa and $573,000 in Santee. One factor that contributes to these differences is the availability of affordable housing options in El Cajon. The city has a diverse mix of neighborhoods, including older suburban areas as well as newer developments with more affordable homes. Additionally, the median household income in El Cajon is lower than in La Mesa and Santee, which may make it more challenging for residents to afford higher home prices in those areas. However, other factors could also be at play. For example, La Mesa and Santee are both considered desirable suburbs with better amenities and proximity to major employers than El Cajon. This could lead to higher demand for homes, which in turn could drive up prices. Additionally, the supply of available homes may be lower in these areas, leading to bidding wars and higher sales prices. The current news about oil prices and global economic trends could also impact property values in these areas. For example, if oil prices continue to decline due to geopolitical tensions or oversupply concerns, it could lead to a slowdown in the local economy and a decrease in demand for homes. Conversely, if interest rates continue to rise due to rate hikes by the Federal Reserve, it could make it more difficult for buyers to afford homes, leading to a decrease in sales and lower property values. Ultimately, the factors contributing to differences in property values among these areas are complex and multifaceted, and they can be influenced by a variety of economic, demographic, and geopolitical forces. As such, it's important for buyers and sellers to work with knowledgeable real estate professionals who can help them navigate the local market and make informed decisions based on their specific needs and goals.