Arroyo Grande, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Arroyo Grande, 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

Arroyo Grande Housing Market Information

With a population of 18,108, 7,040 total housing units (homes and apartments), and a median house value of $530,835, real estate costs in Arroyo Grande 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 Arroyo Grande, accounting for 65.11% of the city's housing units. Other types of housing that are prevalent in Arroyo Grande include large apartment complexes or high rise apartments ( 11.80%), row houses and other attached homes ( 8.88%), and a few mobile homes or trailers ( 7.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arroyo Grande. Owner-occupied housing accounts for 65.71% of Arroyo Grande's homes, and 58.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Arroyo Grande 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 Arroyo Grande built between 1940-1969 ( 29.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.22%). There's also some housing in Arroyo Grande built before 1939 ( 2.30%).

Vacant housing appears to be an issue in Arroyo Grande. Fully 10.07% of the housing stock is classified as vacant. Left unchecked, vacant Arroyo Grande homes and apartments can be a drag on the real estate market, holding Arroyo Grande real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Arroyo Grande Home Appreciation Rates

Appreciation rates for homes in Arroyo Grande have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.50%, which ranks in the top 50% nationwide. This equates to an annual average Arroyo Grande house appreciation rate of 0.05%.

Appreciation rates are so strong in Arroyo Grande that despite a nationwide downturn in the housing market, Arroyo Grande real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arroyo Grande appreciation rates continue to be some of the highest in America, at 5.78%, which is higher than appreciation rates in 72.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arroyo Grande. Arroyo Grande appreciation rates in the latest quarter were at 0.09%, which equates to an annual appreciation rate of 0.34%.

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

Average Home Values

 

Median Home Value:
$530,835

Arroyo Grande, CA HOME PRICES

Value Range
> $1,280,000 2.7
$960,001 - $1,280,000 7.4
$640,001 - $960,000 31.0
$512,001 - $640,000 15.0
$384,001 - $512,000 27.2
$256,001 - $384,000 10.4
$128,001 - $256,000 1.3
$64,001 - $128,000 2.3
$0 - $64,000 2.8

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.13887261221142 35.4497354497354

Number Of Homes And Apartments:
7,040

Arroyo Grande 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
92.11% 3.86% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,577 / per month

Homeownership Rate

Homeownership
Owners 65.71
Renters 34.29
Vacant 10.07

Housing Market Details

 

Age of Homes

AGE OF Arroyo Grande HOMES
2000 or Newer 17.2
1970 - 1999 51.5
1940 - 1969 29.0
1939 or Older 2.3

Types of Homes

TYPE OF Arroyo Grande HOMES
Single-Family 65.1
Townhomes 8.9
Small Apt. Buildings 6.3
Apt. Complexes 11.8
Mobile Homes 7.7
Other 0.2

Home Size

SIZE OF Arroyo Grande HOMES
No Bedroom 0.73
1 Bedroom 10.40
2 Bedrooms 29.15
3 Bedrooms 43.93
4 Bedrooms 14.73
5 or more bedrooms 1.06

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Zip Codes in Arroyo Grande, CA