Avalon, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Avalon Neighborhoods Since 2000




Avalon, 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

Avalon Housing Market Information

With 3,799 people, 1,281 houses or apartments, and a median cost of homes of $943,172, Avalon house prices are not only among the most expensive in California, Avalon real estate also is some of the most expensive in all of America.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Avalon, accounting for 38.13% of the city's housing units. Other types of housing that are prevalent in Avalon include large apartment complexes or high rise apartments ( 29.64%), single-family detached homes ( 24.30%), and a few row houses and other attached homes ( 7.93%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Avalon is dominated by renter-occupied one, two, or no bedrooms apartments. 76.13% of Avalon's dwellings are rentals.

There is a lot of housing in Avalon 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 Avalon built before 1939 ( 34.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.91%). There's also some housing in Avalon built between 2000 and later ( 9.09%).

Vacant housing appears to be an issue in Avalon. Fully 40.58% of the housing stock is classified as vacant. Left unchecked, vacant Avalon homes and apartments can be a drag on the real estate market, holding Avalon 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.

Avalon Home Appreciation Rates

Real estate appreciation rates in Avalon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Appreciation rates are so strong in Avalon that despite a nationwide downturn in the housing market, Avalon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Avalon appreciation rates continue to be some of the highest in America, at 6.83%, which is higher than appreciation rates in 80.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Avalon. Avalon appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Avalon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Avalon's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$943,172

Avalon 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
140.06% 5.21% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,908 / per month

Homeownership Rate

Homeownership
Owners 23.87
Renters 76.13
Vacant 40.58

Housing Market Details

 

Age of Homes

AGE OF Avalon HOMES
2000 or Newer 9.1
1970 - 1999 42.9
1940 - 1969 13.9
1939 or Older 34.0

Types of Homes

TYPE OF Avalon HOMES
Single-Family 24.3
Townhomes 7.9
Small Apt. Buildings 38.1
Apt. Complexes 29.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Avalon HOMES
No Bedroom 6.35
1 Bedroom 22.82
2 Bedrooms 48.14
3 Bedrooms 17.90
4 Bedrooms 3.48
5 or more bedrooms 1.30

Popular Neighborhoods in Avalon

Popular Communities Near Avalon, CA

Zip Codes in Avalon, CA