Altadena, CA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Altadena, CA Housing Market Trends

With a population of 44,033, 15,265 total housing units (homes and apartments), and a median house value of $850,397, 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 86.27% of the town's housing units. Other types of housing that are prevalent in Altadena include duplexes, homes converted to apartments or other small apartment buildings ( 5.56%), large apartment complexes or high rise apartments ( 4.69%), and a few row houses and other attached homes ( 2.97%).

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 71.12% of Altadena's homes, and 57.99% 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 49.63% of the town's housing hails from this era. Other housing ages represented in Altadena include homes built before 1939 ( 38.72%) and housing constructed between 1970-1999 ( 8.87%). There's also some housing in Altadena built between 2000 and later ( 2.79%).

Altadena Home Appreciation Rates

In the last 10 years, Altadena has experienced some of the highest home appreciation rates of any community in the nation. Altadena real estate appreciated 75.27% over the last ten years, which is an average annual home appreciation rate of 5.77%, putting Altadena in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Altadena 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, Altadena appreciation rates have trailed the rest of the nation. In the last twelve months, Altadena's appreciation rate has been 4.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Altadena were at 1.50%, which equates to an annual appreciation rate of 6.14%.

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

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:
$850,397

Altadena, CA HOME PRICES

> $1,188,000
19.3%
19.3%
$891,001 - $1,188,000
26.5%
26.5%
$594,001 - $891,000
39.3%
39.3%
$475,001 - $594,000
7.0%
7.0%
$356,001 - $475,000
5.0%
5.0%
$238,001 - $356,000
1.0%
1.0%
$119,001 - $238,000
0.2%
0.2%
$59,001 - $119,000
0.6%
0.6%
$0 - $59,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
15,265

Altadena Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
222.96% 5.74%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,584 / per month

Homeownership Rate

Owners
71.1%
71.1%
Renters
28.9%
28.9%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.8%
2.8%
1970 - 1999
8.9%
8.9%
1940 - 1969
49.6%
49.6%
1939 or Older
38.7%
38.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
86.3%
86.3%
Townhomes
3.0%
3.0%
Small Apt. Buildings
5.6%
5.6%
Apt. Complexes
4.7%
4.7%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
7.2%
7.2%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
45.4%
45.4%
4 Bedrooms
12.6%
12.6%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES