Altadena, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Altadena, CA Real Estate Data


Altadena Housing Market Information

With a population of 44,033, 15,518 total housing units (homes and apartments), and a median house value of $762,990, real estate costs in Altadena 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 Altadena, accounting for 86.80% of the town's housing units. Other types of housing that are prevalent in Altadena include large apartment complexes or high rise apartments ( 5.47%), duplexes, homes converted to apartments or other small apartment buildings ( 4.07%), and a few row houses and other attached homes ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Altadena. Owner-occupied housing accounts for 69.94% of Altadena's homes, and 55.93% 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. Altadena's housing was primarily built during this period, from the '40s through the '60s. A full 53.18% of the town's housing hails from this era. Other housing ages represented in Altadena include homes built before 1939 ( 33.88%) and housing constructed between 1970-1999 ( 11.41%). There's also some housing in Altadena built between 2000 and later ( 1.52%).

Altadena Home Appreciation Rates

Appreciation rates for homes in Altadena have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.94%, which ranks in the top 50% nationwide. This equates to an annual average Altadena house appreciation rate of 0.67%.

Appreciation rates are so strong in Altadena that despite a nationwide downturn in the housing market, Altadena real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Altadena appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 74.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Altadena. Altadena appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Altadena's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Altadena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Altadena - 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 Altadena real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$762,990

Altadena, CA HOME PRICES

Value Range
> $1,334,000 10.0
$1,000,001 - $1,334,000 11.5
$667,001 - $1,000,000 35.1
$534,001 - $667,000 20.0
$400,001 - $534,000 13.7
$267,001 - $400,000 6.2
$133,001 - $267,000 1.1
$67,001 - $133,000 1.2
$0 - $67,000 1.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.2603501786028 21.003963011889

Number Of Homes And Apartments:
15,518

Rent & Ownership

 

Average Market Rent:
$1,962 / per month

Homeownership Rate

Homeownership
Owners 69.94
Renters 30.06
Vacant 5.34

Housing Market Details

 

Age of Homes

AGE OF Altadena HOMES
2000 or Newer 1.5
1970 - 1999 11.4
1940 - 1969 53.2
1939 or Older 33.9

Types of Homes

TYPE OF Altadena HOMES
Single-Family 86.8
Townhomes 3.4
Small Apt. Buildings 4.1
Apt. Complexes 5.5
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Altadena HOMES
No Bedroom 1.44
1 Bedroom 8.45
2 Bedrooms 30.55
3 Bedrooms 43.90
4 Bedrooms 12.03
5 or more bedrooms 3.62

Altadena Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
154.87% 5.66% 10 10
* 10 is highest