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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Avalon HOMES|
|2000 or Newer||9.1|
|1970 - 1999||42.9|
|1940 - 1969||13.9|
|1939 or Older||34.0|
|TYPE OF Avalon HOMES|
|Small Apt. Buildings||38.1|
|SIZE OF Avalon HOMES|
|5 or more bedrooms||1.30|