Santa Ana appreciation rates and housing market information

Santa Ana housing market information

With 337,512 people, 74,475 houses or apartments, and a median cost of homes of $383,245, real estate costs in Santa Ana 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 Santa Ana, accounting for 44.92% of the city's housing units. Other types of housing that are prevalent in Santa Ana include large apartment complexes or high rise apartments (31.19%), duplexes, homes converted to apartments, or other small apartment buildings (10.09%), row houses and other attached homes (8.56%), and a few mobile homes or trailers (5.21%).

People in Santa Ana primarily live in small (one, two, or no bedroom) single-family detached homes. Santa Ana 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. Santa Ana's housing was primarily built during this period, from the '40s through the '60s. A full 48.03% of the city's housing hails from this era. Other housing ages represented in Santa Ana include homes built between 1970-1994 (43.39%), and housing constructed from 1939 and earlier (6.23%). There's also some housing in Santa Ana built between 1995 and later (2.35%).

Santa Ana home appreciation rates

Appreciation rates for homes in Santa Ana have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.73%, which ranks in the top 20% nationwide. This equates to an annual average Santa Ana house appreciation rate of 9.77%.

Over the last year, Santa Ana appreciation rates have trailed the rest of the nation. In the last twelve months, Santa Ana's appreciation rate has been -14.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Santa Ana were at -1.06%, which equates to an annual appreciation rate of -4.24%.

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

Relative to California, our data show that Santa Ana's latest annual appreciation rate is higher than 51% 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 Santa Ana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Ana - 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 Santa Ana real estate investment or home purchase decisions.