El Cajon appreciation rates and housing market information

El Cajon housing market information

With a population of 94,819, 35,173 total housing units (homes and apartments), and a median house value of $366,808, real estate costs in El Cajon are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

large apartment complexes or high rise apartments are the single most common housing type in El Cajon, accounting for 45.41% of the city's housing units. Other types of housing that are prevalent in El Cajon include single-family detached homes (38.03%), duplexes, homes converted to apartments, or other small apartment buildings (6.38%), mobile homes or trailers (4.99%), and a few row houses and other attached homes (4.40%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

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

There is a lot of housing in El Cajon built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in El Cajon built from 1940-1969 (44.11%). A lesser amount of the housing stock also hails from 1995 and later (2.16%), and some were built from 1939 and earlier (2.16%).

El Cajon home appreciation rates

Appreciation rates for homes in El Cajon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.88%, which ranks in the top 20% nationwide. This equates to an annual average El Cajon house appreciation rate of 9.78%.

Over the last year, El Cajon appreciation rates have trailed the rest of the nation. In the last twelve months, El Cajon's appreciation rate has been -13.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in El Cajon were at 0.02%, which equates to an annual appreciation rate of 0.08%.

Relative to California, our data show that El Cajon's latest annual appreciation rate is higher than 60% 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 El Cajon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in El Cajon - 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 El Cajon real estate investment or home purchase decisions.