Apple Valley, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Apple Valley, CA Real Estate Data


Apple Valley Housing Market Information

With 72,174 people, 23,987 houses or apartments, and a median cost of homes of $237,333, Apple Valley real estate values are some of the lowest in California, although compared to real estate around the nation, Apple Valley homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Apple Valley, accounting for 76.54% of the town's housing units. Other types of housing that are prevalent in Apple Valley include duplexes, homes converted to apartments or other small apartment buildings ( 10.24%), mobile homes or trailers ( 5.59%), and a few large apartment complexes or high rise apartments ( 4.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apple Valley. Owner-occupied housing accounts for 66.62% of Apple Valley's homes, and 63.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Apple Valley built from 1970 to 1999 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 Apple Valley built between 2000 and later ( 22.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.44%).

Apple Valley Home Appreciation Rates

Homes have actually lost value in Apple Valley over the last then years, as home values have seen a decline of 32.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Apple Valley home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.30%.

Appreciation rates are so strong in Apple Valley that despite a nationwide downturn in the housing market, Apple Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Apple Valley appreciation rates continue to be some of the highest in America, at 5.93%, which is higher than appreciation rates in 73.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Apple Valley. Apple Valley appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Apple Valley'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 Apple Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apple Valley - 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 Apple Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$237,333

Apple Valley, CA HOME PRICES

Value Range
> $1,467,000 0.3
$1,100,001 - $1,467,000 0.9
$733,001 - $1,100,000 1.3
$587,001 - $733,000 2.8
$440,001 - $587,000 8.1
$294,001 - $440,000 21.1
$147,001 - $294,000 39.5
$73,001 - $147,000 16.1
$0 - $73,000 9.8

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
25.1683550974996 80.7133421400264

Number Of Homes And Apartments:
23,987

Rent & Ownership

 

Average Market Rent:
$1,355 / per month

Homeownership Rate

Homeownership
Owners 66.62
Renters 33.38
Vacant 9.92

Housing Market Details

 

Age of Homes

AGE OF Apple Valley HOMES
2000 or Newer 22.8
1970 - 1999 64.2
1940 - 1969 12.4
1939 or Older 0.6

Types of Homes

TYPE OF Apple Valley HOMES
Single-Family 76.5
Townhomes 2.8
Small Apt. Buildings 10.2
Apt. Complexes 4.5
Mobile Homes 5.6
Other 0.3

Home Size

SIZE OF Apple Valley HOMES
No Bedroom 0.69
1 Bedroom 3.14
2 Bedrooms 26.27
3 Bedrooms 43.79
4 Bedrooms 19.86
5 or more bedrooms 6.24

Apple Valley 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
65.00% 2.99% 3 8
* 10 is highest