La Riviera appreciation rates and housing market information

La Riviera housing market information

With 10,273 people, 4,488 houses or apartments, and a median cost of homes of $247,989, La Riviera real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in La Riviera, accounting for 60.81% of the town's housing units. Other types of housing that are prevalent in La Riviera include large apartment complexes or high rise apartments (22.79%), row houses and other attached homes (8.76%), and a few duplexes, homes converted to apartments, or other small apartment buildings (7.38%).

The most prevalent building size and type in La Riviera are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 54.77% owning, and 42.05% renting.

There is a lot of housing in La Riviera 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 La Riviera built from 1940-1969 (26.47%). A lesser amount of the housing stock also hails from 1939 and earlier (.47%), and some were built from 1995 and later (.47%).

La Riviera home appreciation rates

Real estate appreciation rates in La Riviera have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.74% during the period.

Over the last year, La Riviera appreciation rates have trailed the rest of the nation. In the last twelve months, La Riviera's appreciation rate has been -16.51%, 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 Riviera were at 1.61%, which equates to an annual appreciation rate of 6.44%.

Relative to California, our data show that La Riviera's latest annual appreciation rate is higher than 37% of the other cities and towns in California.