Manhattan Beach appreciation rates and housing market information

Manhattan Beach housing market information

With 34,039 people, 15,094 houses or apartments, and a median cost of homes of $1,590,868, Manhattan Beach house prices are not only among the most expensive in California, Manhattan 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 Manhattan Beach, accounting for 67.52% of the city's housing units. Other types of housing that are prevalent in Manhattan Beach include duplexes, homes converted to apartments, or other small apartment buildings (17.44%), row houses and other attached homes (8.92%), and a few large apartment complexes or high rise apartments (5.90%).

The most prevalent building size and type in Manhattan Beach are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 62.54% owning, and 33.76% renting.

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. Manhattan Beach's housing was primarily built during this period, from the '40s through the '60s. A full 57.08% of the city's housing hails from this era. Other housing ages represented in Manhattan Beach include homes built between 1970-1994 (31.25%), and housing constructed from 1939 and earlier (7.32%). There's also some housing in Manhattan Beach built between 1995 and later (4.35%).

Manhattan Beach home appreciation rates

In the last 10 years, Manhattan Beach has experienced some of the highest home appreciation rates of any community in the nation. Manhattan Beach real estate appreciated 151.37% over the last ten years, which is an average annual home appreciation rate of 15.13%, putting Manhattan Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Manhattan 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, Manhattan Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Manhattan Beach's appreciation rate has been -13.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manhattan Beach were at -0.22%, which equates to an annual appreciation rate of -0.88%.

Relative to California, our data show that Manhattan Beach's latest annual appreciation rate is higher than 66% 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 Manhattan Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manhattan 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 Manhattan Beach real estate investment or home purchase decisions.