Rancho Palos Verdes appreciation rates and housing market information

Rancho Palos Verdes housing market information

With 41,301 people, 15,669 houses or apartments, and a median cost of homes of $1,299,488, Rancho Palos Verdes house prices are not only among the most expensive in California, Rancho Palos Verdes 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 Rancho Palos Verdes, accounting for 77.19% of the city's housing units. Other types of housing that are prevalent in Rancho Palos Verdes include large apartment complexes or high rise apartments (13.06%), row houses and other attached homes (8.19%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.56%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Rancho Palos Verdes. Owner-occupied housing accounts for 79.58% of Rancho Palos Verdes's homes, and 69.05% have either three or four bedrooms, which is average sized relative to America.

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. Rancho Palos Verdes's housing was primarily built during this period, from the '40s through the '60s. A full 64.08% of the city's housing hails from this era. Other housing ages represented in Rancho Palos Verdes include homes built between 1970-1994 (33.56%), and housing constructed from 1995 and later (1.23%). There's also some housing in Rancho Palos Verdes built between 1939 and earlier (1.13%).

Rancho Palos Verdes home appreciation rates

In the last 10 years, Rancho Palos Verdes has experienced some of the highest home appreciation rates of any community in the nation. Rancho Palos Verdes real estate appreciated 128.97% over the last ten years, which is an average annual home appreciation rate of 12.89%, putting Rancho Palos Verdes in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rancho Palos Verdes 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, Rancho Palos Verdes appreciation rates have trailed the rest of the nation. In the last twelve months, Rancho Palos Verdes's appreciation rate has been -15.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rancho Palos Verdes were at -0.78%, which equates to an annual appreciation rate of -3.12%.

Notably, Rancho Palos Verdes's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Rancho Palos Verdes's latest annual appreciation rate is higher than 48% 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 Rancho Palos Verdes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rancho Palos Verdes - 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 Rancho Palos Verdes real estate investment or home purchase decisions.