La Mesa appreciation rates and housing market information

La Mesa housing market information

With 54,751 people, 24,902 houses or apartments, and a median cost of homes of $395,999, real estate costs in La Mesa 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.

single-family detached homes are the single most common housing type in La Mesa, accounting for 44.46% of the city's housing units. Other types of housing that are prevalent in La Mesa include large apartment complexes or high rise apartments (38.38%), duplexes, homes converted to apartments, or other small apartment buildings (8.02%), row houses and other attached homes (7.70%), and a few mobile homes or trailers (0.72%).

People in La Mesa primarily live in small (one, two, or no bedroom) single-family detached homes. La Mesa 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. La Mesa's housing was primarily built during this period, from the '40s through the '60s. A full 55.14% of the city's housing hails from this era. Other housing ages represented in La Mesa include homes built between 1970-1994 (39.05%), and housing constructed from 1939 and earlier (4.67%). There's also some housing in La Mesa built between 1995 and later (1.14%).

La Mesa home appreciation rates

Appreciation rates for homes in La Mesa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.21%, which ranks in the top 20% nationwide. This equates to an annual average La Mesa house appreciation rate of 9.82%.

Over the last year, La Mesa appreciation rates have trailed the rest of the nation. In the last twelve months, La Mesa's appreciation rate has been -13.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Mesa were at 0.03%, which equates to an annual appreciation rate of 0.12%.

Relative to California, our data show that La Mesa'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 La Mesa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Mesa - 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 La Mesa real estate investment or home purchase decisions.