Altadena CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




Altadena, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Altadena Housing Market Information

With 44,033 people, 15,475 houses or apartments, and a median cost of homes of $825,776, Altadena house prices are not only among the most expensive in California, Altadena real estate also is some of the most expensive in all of America.

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 ( 6.46%), large apartment complexes or high rise apartments ( 3.82%), and a few row houses and other attached homes ( 3.16%).

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 69.85% of Altadena's homes, and 56.64% 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 51.72% of the town's housing hails from this era. Other housing ages represented in Altadena include homes built before 1939 ( 36.83%) and housing constructed between 1970-1999 ( 9.56%). There's also some housing in Altadena built between 2000 and later ( 1.88%).

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 69.44% over the last ten years, which is an average annual home appreciation rate of 5.41%, 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.

NeighborhoodScout's data show that during the latest twelve months, Altadena's appreciation rate, at 4.18%, has been at or slightly above the national average. In the latest quarter, Altadena's appreciation rate has been 1.04%, which annualizes to a rate of 4.24%.

Relative to California, our data show that Altadena's latest annual appreciation rate is higher than 80% 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:
$825,776

Altadena, CA HOME PRICES

Value Range
> $1,305,000 12.0
$979,001 - $1,305,000 18.8
$653,001 - $979,000 41.4
$522,001 - $653,000 13.1
$391,001 - $522,000 8.3
$261,001 - $391,000 2.7
$131,001 - $261,000 0.6
$65,001 - $131,000 0.9
$0 - $65,000 2.1

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.09051094890511 19.5281782437746

Number Of Homes And Apartments:
15,475

Altadena Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
206.55% 5.91%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,350 / per month

Homeownership Rate

Homeownership
Owners 69.85
Renters 30.15
Vacant 6.93

Housing Market Details

 

Age of Homes

AGE OF Altadena HOMES
2000 or Newer 1.9
1970 - 1999 9.6
1940 - 1969 51.7
1939 or Older 36.8

Types of Homes

TYPE OF Altadena HOMES
Single-Family 86.3
Townhomes 3.2
Small Apt. Buildings 6.5
Apt. Complexes 3.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Altadena HOMES
No Bedroom 2.26
1 Bedroom 7.99
2 Bedrooms 29.48
3 Bedrooms 44.61
4 Bedrooms 12.03
5 or more bedrooms 3.64