Beverly Hills appreciation rates and housing market information

Beverly Hills housing market information

With 33,829 people, 15,855 houses or apartments, and a median cost of homes of $2,359,970, Beverly Hills house prices are not only among the most expensive in California, Beverly Hills real estate also is some of the most expensive in all of America.

large apartment complexes or high rise apartments are the single most common housing type in Beverly Hills, accounting for 51.25% of the city's housing units. Other types of housing that are prevalent in Beverly Hills include single-family detached homes (35.72%), duplexes, homes converted to apartments, or other small apartment buildings (11.37%), and a few row houses and other attached homes (1.49%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Beverly Hills primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Beverly Hills has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beverly Hills's housing was primarily built during this period, from the '40s through the '60s. A full 42.87% of the city's housing hails from this era. Other housing ages represented in Beverly Hills include homes built between 1939 and earlier (34.59%), and housing constructed from 1970-1994 (20.69%). There's also some housing in Beverly Hills built between 1995 and later (1.85%).

Beverly Hills home appreciation rates

In the last 10 years, Beverly Hills has experienced some of the highest home appreciation rates of any community in the nation. Beverly Hills real estate appreciated 216.84% over the last ten years, which is an average annual home appreciation rate of 21.68%, putting Beverly Hills in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Beverly Hills definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Beverly Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Beverly Hills's appreciation rate has been -6.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beverly Hills were at 1.40%, which equates to an annual appreciation rate of 5.60%.

Relative to California, our data show that Beverly Hills's latest annual appreciation rate is higher than 86% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beverly Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beverly Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Beverly Hills real estate investment or home purchase decisions.