Alhambra, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Alhambra Neighborhoods Since 2000




Alhambra, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alhambra Housing Market Information

With a population of 85,551, 29,174 total housing units (homes and apartments), and a median house value of $621,543, real estate costs in Alhambra 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 Alhambra, accounting for 42.37% of the city's housing units. Other types of housing that are prevalent in Alhambra include large apartment complexes or high rise apartments ( 33.64%), row houses and other attached homes ( 12.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.04%).

People in Alhambra primarily live in small (one, two or no bedroom) single-family detached homes. Alhambra 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. Alhambra's housing was primarily built during this period, from the '40s through the '60s. A full 40.46% of the city's housing hails from this era. Other housing ages represented in Alhambra include homes built between 1970-1999 ( 31.04%) and housing constructed before 1939 ( 24.31%). There's also some housing in Alhambra built between 2000 and later ( 4.20%).

Alhambra Home Appreciation Rates

Appreciation rates for homes in Alhambra have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.82%, which ranks in the top 30% nationwide. This equates to an annual average Alhambra house appreciation rate of 1.30%.

Appreciation rates are so strong in Alhambra that despite a nationwide downturn in the housing market, Alhambra real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alhambra appreciation rates continue to be some of the highest in America, at 6.57%, which is higher than appreciation rates in 78.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alhambra. Alhambra appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Alhambra one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Alhambra's latest annual appreciation rate is lower than 70% 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 Alhambra differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alhambra - 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 2000, to assist you in making the best Alhambra real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$621,543

Alhambra, CA HOME PRICES

Value Range
> $1,247,000 2.5
$935,001 - $1,247,000 6.2
$624,001 - $935,000 35.3
$499,001 - $624,000 30.5
$374,001 - $499,000 17.0
$249,001 - $374,000 4.2
$125,001 - $249,000 0.8
$62,001 - $125,000 0.9
$0 - $62,000 2.7

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.58607758115551 28.5714285714286

Number Of Homes And Apartments:
29,174

Alhambra Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
154.42% 5.56% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,624 / per month

Homeownership Rate

Homeownership
Owners 40.02
Renters 59.98
Vacant 5.96

Housing Market Details

 

Age of Homes

AGE OF Alhambra HOMES
2000 or Newer 4.2
1970 - 1999 31.0
1940 - 1969 40.5
1939 or Older 24.3

Types of Homes

TYPE OF Alhambra HOMES
Single-Family 42.4
Townhomes 12.7
Small Apt. Buildings 11.0
Apt. Complexes 33.6
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Alhambra HOMES
No Bedroom 2.19
1 Bedroom 21.11
2 Bedrooms 38.56
3 Bedrooms 30.21
4 Bedrooms 6.36
5 or more bedrooms 1.59