Ramona appreciation rates and housing market information

Ramona housing market information

With a population of 15,711, 5,145 total housing units (homes and apartments), and a median house value of $428,237, real estate costs in Ramona 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 Ramona, accounting for 62.72% of the town's housing units. Other types of housing that are prevalent in Ramona include large apartment complexes or high rise apartments (22.93%), mobile homes or trailers (6.65%), duplexes, homes converted to apartments, or other small apartment buildings (3.83%), and a few row houses and other attached homes (3.63%).

The most prevalent building size and type in Ramona are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 58.31% owning, and 39.61% renting.

There is a lot of housing in Ramona 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 Ramona built from 1940-1969 (19.30%). A lesser amount of the housing stock also hails from 1995 and later (5.77%), and some were built from 1939 and earlier (5.77%).

Ramona home appreciation rates

Appreciation rates for homes in Ramona have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.73%, which ranks in the top 20% nationwide. This equates to an annual average Ramona house appreciation rate of 10.57%.

Over the last year, Ramona appreciation rates have trailed the rest of the nation. In the last twelve months, Ramona's appreciation rate has been -13.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ramona were at 0.22%, which equates to an annual appreciation rate of 0.88%.

Relative to California, our data show that Ramona's latest annual appreciation rate is higher than 64% of the other cities and towns in California.