Arvin, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Arvin Neighborhoods Since 2000




Arvin, 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

Arvin Housing Market Information

With 20,876 people, 4,533 houses or apartments, and a median cost of homes of $131,311, house prices in Arvin are solidly below the national average.

Single-family detached homes are the single most common housing type in Arvin, accounting for 74.17% of the city's housing units. Other types of housing that are prevalent in Arvin include large apartment complexes or high rise apartments ( 9.24%), duplexes, homes converted to apartments or other small apartment buildings ( 7.90%), and a few mobile homes or trailers ( 5.89%).

The most prevalent building size and type in Arvin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.63% owning and 54.37% renting.

There is a lot of housing in Arvin 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 Arvin built between 2000 and later ( 26.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.49%). There's also some housing in Arvin built before 1939 ( 6.24%).

Arvin Home Appreciation Rates

Homes have actually lost value in Arvin over the last then years, as home values have seen a decline of 24.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Arvin home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.52%.

Appreciation rates are so strong in Arvin that despite a nationwide downturn in the housing market, Arvin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arvin appreciation rates continue to be some of the highest in America, at 7.80%, which is higher than appreciation rates in 85.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arvin. Arvin appreciation rates in the latest quarter were at -0.13%, which equates to an annual appreciation rate of -0.52%.

Relative to California, our data show that Arvin's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$131,311

Arvin, CA HOME PRICES

Value Range
> $1,419,000 0.1
$1,064,001 - $1,419,000 0.0
$709,001 - $1,064,000 0.2
$568,001 - $709,000 1.1
$425,001 - $568,000 1.2
$284,001 - $425,000 6.0
$141,001 - $284,000 43.8
$71,001 - $141,000 41.0
$0 - $71,000 6.6

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
59.1468416735029 97.0899470899471

Number Of Homes And Apartments:
4,533

Arvin 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
74.81% 3.29% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$962 / per month

Homeownership Rate

Homeownership
Owners 45.63
Renters 54.37
Vacant 6.71

Housing Market Details

 

Age of Homes

AGE OF Arvin HOMES
2000 or Newer 27.0
1970 - 1999 45.3
1940 - 1969 21.5
1939 or Older 6.2

Types of Homes

TYPE OF Arvin HOMES
Single-Family 74.2
Townhomes 2.8
Small Apt. Buildings 7.9
Apt. Complexes 9.2
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Arvin HOMES
No Bedroom 0.91
1 Bedroom 6.92
2 Bedrooms 22.29
3 Bedrooms 43.65
4 Bedrooms 24.06
5 or more bedrooms 2.18