Santee appreciation rates and housing market information

Santee housing market information

With 53,090 people, 18,810 houses or apartments, and a median cost of homes of $354,915, real estate costs in Santee 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 Santee, accounting for 56.40% of the city's housing units. Other types of housing that are prevalent in Santee include large apartment complexes or high rise apartments (15.37%), mobile homes or trailers (13.15%), row houses and other attached homes (8.58%), and a few duplexes, homes converted to apartments, or other small apartment buildings (6.35%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Santee. Owner-occupied housing accounts for 69.65% of Santee's homes, and 59.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Santee 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 Santee built from 1940-1969 (27.91%). A lesser amount of the housing stock also hails from 1995 and later (4.74%), and some were built from 1939 and earlier (4.74%).

Santee home appreciation rates

Appreciation rates for homes in Santee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.39%, which ranks in the top 20% nationwide. This equates to an annual average Santee house appreciation rate of 10.63%.

Over the last year, Santee appreciation rates have trailed the rest of the nation. In the last twelve months, Santee's appreciation rate has been -13.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Santee were at 0.24%, which equates to an annual appreciation rate of 0.96%.

Relative to California, our data show that Santee's latest annual appreciation rate is higher than 65% 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 Santee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santee - 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 Santee real estate investment or home purchase decisions.