Banning, CA


Highest Appreciating Banning Neighborhoods Since 2000

Banning, 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 Q3 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

Banning Housing Market Information

With a population of 31,026, 11,177 total housing units (homes and apartments), and a median house value of $200,241, Banning real estate values are some of the lowest in California, although compared to real estate around the nation, Banning homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Banning, accounting for 75.79% of the city's housing units. Other types of housing that are prevalent in Banning include mobile homes or trailers ( 9.18%), large apartment complexes or high rise apartments ( 5.79%), and a few row houses and other attached homes ( 4.41%).

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

There is a lot of housing in Banning 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 Banning built between 1940-1969 ( 27.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.38%). There's also some housing in Banning built before 1939 ( 5.05%).

Vacant housing appears to be an issue in Banning. Fully 10.47% of the housing stock is classified as vacant. Left unchecked, vacant Banning homes and apartments can be a drag on the real estate market, holding Banning 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.

Banning Home Appreciation Rates

Homes have actually lost value in Banning over the last then years, as home values have seen a decline of 20.80% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Banning home appreciation rates at 2.20%, which equates to an annual appreciation rate of 9.09%.

Appreciation rates are so strong in Banning that despite a nationwide downturn in the housing market, Banning real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Banning appreciation rates continue to be some of the highest in America, at 9.08%, which is higher than appreciation rates in 90.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Banning. Banning appreciation rates in the latest quarter were at 2.20%, which equates to an annual appreciation rate of 9.09%.

Importantly, this makes Banning 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 Banning's latest annual appreciation rate is higher than 70% 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 Banning differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Banning - 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 Banning real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,516,000 1.2
$1,137,001 - $1,516,000 0.3
$758,001 - $1,137,000 2.5
$606,001 - $758,000 0.3
$455,001 - $606,000 4.7
$303,001 - $455,000 17.6
$151,001 - $303,000 39.3
$76,001 - $151,000 18.7
$0 - $76,000 15.4

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
34.2174600386439 88.6243386243386

Number Of Homes And Apartments:

Banning Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
105.28% 4.14% 7 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,262 / per month

Homeownership Rate

Owners 64.00
Renters 36.00
Vacant 10.47

Housing Market Details


Age of Homes

2000 or Newer 17.4
1970 - 1999 50.1
1940 - 1969 27.5
1939 or Older 5.1

Types of Homes

Single-Family 75.8
Townhomes 4.4
Small Apt. Buildings 4.1
Apt. Complexes 5.8
Mobile Homes 9.2
Other 0.7

Home Size

No Bedroom 2.25
1 Bedroom 6.30
2 Bedrooms 49.67
3 Bedrooms 31.06
4 Bedrooms 9.45
5 or more bedrooms 1.27