Laguna Beach appreciation rates and housing market information

Laguna Beach housing market information

With 23,317 people, 12,862 houses or apartments, and a median cost of homes of $1,415,149, Laguna Beach house prices are not only among the most expensive in California, Laguna Beach real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Laguna Beach, accounting for 62.10% of the city's housing units. Other types of housing that are prevalent in Laguna Beach include large apartment complexes or high rise apartments (16.00%), duplexes, homes converted to apartments, or other small apartment buildings (13.56%), row houses and other attached homes (5.85%), and a few mobile homes or trailers (2.39%).

People in Laguna Beach primarily live in small (one, two, or no bedroom) single-family detached homes. Laguna Beach 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. Laguna Beach's housing was primarily built during this period, from the '40s through the '60s. A full 49.55% of the city's housing hails from this era. Other housing ages represented in Laguna Beach include homes built between 1970-1994 (28.58%), and housing constructed from 1939 and earlier (18.35%). There's also some housing in Laguna Beach built between 1995 and later (3.52%).

Vacant housing appears to be an issue in Laguna Beach. Fully 11.31% of the housing stock is classified as vacant. Left unchecked, vacant Laguna Beach homes and apartments can be a drag on the real estate market, holding Laguna Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Laguna Beach home appreciation rates

In the last 10 years, Laguna Beach has experienced some of the highest home appreciation rates of any community in the nation. Laguna Beach real estate appreciated 138.27% over the last ten years, which is an average annual home appreciation rate of 13.82%, putting Laguna Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Laguna Beach 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, Laguna Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Laguna Beach's appreciation rate has been -10.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Laguna Beach were at -0.04%, which equates to an annual appreciation rate of -0.16%.

Relative to California, our data show that Laguna Beach's latest annual appreciation rate is higher than 74% 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 Laguna Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laguna Beach - 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 Laguna Beach real estate investment or home purchase decisions.