Avenal, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Avenal Neighborhoods Since 2000




Avenal, 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

Avenal Housing Market Information

With a population of 13,301, 2,156 total housing units (homes and apartments), and a median house value of $140,246, Avenal real estate values are some of the lowest in California, although compared to real estate around the nation, Avenal homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Avenal, accounting for 63.35% of the city's housing units. Other types of housing that are prevalent in Avenal include duplexes, homes converted to apartments or other small apartment buildings ( 16.64%), large apartment complexes or high rise apartments ( 12.96%), and a few mobile homes or trailers ( 5.66%).

Renters dominate Avenal's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Avenal 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 Avenal built between 1940-1969 ( 27.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.61%). There's also some housing in Avenal built before 1939 ( 7.95%).

Avenal Home Appreciation Rates

Homes have actually lost value in Avenal over the last then years, as home values have seen a decline of 19.50% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Avenal home appreciation rates at -0.80%, which equates to an annual appreciation rate of -3.15%.

Appreciation rates are so strong in Avenal that despite a nationwide downturn in the housing market, Avenal real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Avenal appreciation rates continue to be some of the highest in America, at 6.12%, which is higher than appreciation rates in 75.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Avenal. Avenal appreciation rates in the latest quarter were at -0.80%, which equates to an annual appreciation rate of -3.15%.

Notably, Avenal's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Avenal's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$140,246

Avenal, CA HOME PRICES

Value Range
> $1,203,000 0.0
$903,001 - $1,203,000 0.0
$602,001 - $903,000 0.0
$481,001 - $602,000 0.0
$361,001 - $481,000 1.5
$241,001 - $361,000 4.4
$120,001 - $241,000 64.6
$60,001 - $120,000 21.8
$0 - $60,000 7.7

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
54.6173678659323 95.8994708994709

Number Of Homes And Apartments:
2,156

Avenal 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
100.57% 4.12% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 28.48
Renters 71.52
Vacant 6.83

Housing Market Details

 

Age of Homes

AGE OF Avenal HOMES
2000 or Newer 20.6
1970 - 1999 43.5
1940 - 1969 27.9
1939 or Older 8.0

Types of Homes

TYPE OF Avenal HOMES
Single-Family 63.4
Townhomes 1.4
Small Apt. Buildings 16.6
Apt. Complexes 13.0
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Avenal HOMES
No Bedroom 2.55
1 Bedroom 8.21
2 Bedrooms 26.06
3 Bedrooms 45.68
4 Bedrooms 17.50
5 or more bedrooms 0.00

Popular Neighborhoods in Avenal

Zip Codes in Avenal, CA