Azusa, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Azusa Neighborhoods Since 2000




Azusa, 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

Azusa Housing Market Information

With 49,690 people, 12,162 houses or apartments, and a median cost of homes of $436,086, real estate costs in Azusa 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 Azusa, accounting for 49.32% of the city's housing units. Other types of housing that are prevalent in Azusa include large apartment complexes or high rise apartments ( 22.48%), row houses and other attached homes ( 17.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.43%).

People in Azusa primarily live in small (one, two or no bedroom) single-family detached homes. Azusa has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Azusa's housing was primarily built during this period, from the '40s through the '60s. A full 42.75% of the city's housing hails from this era. Other housing ages represented in Azusa include homes built between 1970-1999 ( 41.48%) and housing constructed between 2000 and later ( 9.57%). There's also some housing in Azusa built before 1939 ( 6.20%).

Azusa Home Appreciation Rates

Real estate appreciation rates in Azusa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.75% during the period.

Appreciation rates are so strong in Azusa that despite a nationwide downturn in the housing market, Azusa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Azusa appreciation rates continue to be some of the highest in America, at 7.54%, which is higher than appreciation rates in 84.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Azusa. Azusa appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Azusa 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 Azusa's latest annual appreciation rate is lower than 50% 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 Azusa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Azusa - 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 Azusa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$436,086

Azusa, CA HOME PRICES

Value Range
> $1,326,000 1.1
$994,001 - $1,326,000 1.2
$663,001 - $994,000 10.1
$530,001 - $663,000 12.6
$398,001 - $530,000 35.2
$265,001 - $398,000 24.9
$133,001 - $265,000 8.2
$66,001 - $133,000 1.6
$0 - $66,000 5.2

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.84600960975038 48.4126984126984

Number Of Homes And Apartments:
12,162

Azusa 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
142.88% 5.28% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,749 / per month

Homeownership Rate

Homeownership
Owners 46.95
Renters 53.05
Vacant 6.63

Housing Market Details

 

Age of Homes

AGE OF Azusa HOMES
2000 or Newer 9.6
1970 - 1999 41.5
1940 - 1969 42.8
1939 or Older 6.2

Types of Homes

TYPE OF Azusa HOMES
Single-Family 49.3
Townhomes 17.2
Small Apt. Buildings 7.4
Apt. Complexes 22.5
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Azusa HOMES
No Bedroom 2.03
1 Bedroom 11.95
2 Bedrooms 37.17
3 Bedrooms 34.43
4 Bedrooms 12.81
5 or more bedrooms 1.60