La Verne appreciation rates and housing market information

La Verne housing market information

With a population of 31,845, 11,288 total housing units (homes and apartments), and a median house value of $521,064, real estate costs in La Verne 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 Verne, accounting for 66.31% of the city's housing units. Other types of housing that are prevalent in La Verne include mobile homes or trailers (15.47%), duplexes, homes converted to apartments, or other small apartment buildings (6.50%), large apartment complexes or high rise apartments (6.26%), and a few row houses and other attached homes (5.31%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in La Verne. Owner-occupied housing accounts for 76.57% of La Verne's homes, and 58.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Verne 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 Verne built from 1940-1969 (27.21%). A lesser amount of the housing stock also hails from 1939 and earlier (6.04%), and some were built from 1995 and later (6.04%).

La Verne home appreciation rates

In the last 10 years, La Verne has experienced some of the highest home appreciation rates of any community in the nation. La Verne real estate appreciated 112.49% over the last ten years, which is an average annual home appreciation rate of 11.24%, putting La Verne in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Verne 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, La Verne appreciation rates have trailed the rest of the nation. In the last twelve months, La Verne's appreciation rate has been -16.94%, 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 Verne were at -1.20%, which equates to an annual appreciation rate of -4.80%.

Notably, La Verne's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that La Verne's latest annual appreciation rate is higher than 33% 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 Verne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Verne - 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 Verne real estate investment or home purchase decisions.