Bell Gardens, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bell Gardens, CA Real Estate Data


Bell Gardens Housing Market Information

With a population of 43,106, 9,693 total housing units (homes and apartments), and a median house value of $393,543, real estate costs in Bell Gardens 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 Bell Gardens, accounting for 56.48% of the city's housing units. Other types of housing that are prevalent in Bell Gardens include large apartment complexes or high rise apartments ( 15.06%), row houses and other attached homes ( 13.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.45%).

Bell Gardens is dominated by renter-occupied one, two, or no bedrooms apartments. 77.40% of Bell Gardens's dwellings are rentals.

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. Bell Gardens's housing was primarily built during this period, from the '40s through the '60s. A full 58.83% of the city's housing hails from this era. Other housing ages represented in Bell Gardens include homes built between 1970-1999 ( 27.51%) and housing constructed before 1939 ( 8.16%). There's also some housing in Bell Gardens built between 2000 and later ( 5.50%).

Bell Gardens Home Appreciation Rates

Bell Gardens's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bell Gardens during the period has been just -1.86%, which is lower than 80% of US communities.

Appreciation rates are so strong in Bell Gardens that despite a nationwide downturn in the housing market, Bell Gardens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bell Gardens appreciation rates continue to be some of the highest in America, at 5.91%, which is higher than appreciation rates in 73.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bell Gardens. Bell Gardens appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Bell Gardens's latest annual appreciation rate is lower than 60% 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 Bell Gardens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bell Gardens - 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 Bell Gardens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$393,543

Bell Gardens, CA HOME PRICES

Value Range
> $1,401,000 0.0
$1,051,001 - $1,401,000 1.7
$700,001 - $1,051,000 6.6
$560,001 - $700,000 10.9
$420,001 - $560,000 24.7
$280,001 - $420,000 31.4
$140,001 - $280,000 15.2
$70,001 - $140,000 1.8
$0 - $70,000 7.7

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
9.99590091936523 54.1611624834875

Number Of Homes And Apartments:
9,693

Rent & Ownership

 

Average Market Rent:
$1,423 / per month

Homeownership Rate

Homeownership
Owners 22.60
Renters 77.40
Vacant 3.59

Housing Market Details

 

Age of Homes

AGE OF Bell Gardens HOMES
2000 or Newer 5.5
1970 - 1999 27.5
1940 - 1969 58.8
1939 or Older 8.2

Types of Homes

TYPE OF Bell Gardens HOMES
Single-Family 56.5
Townhomes 13.3
Small Apt. Buildings 11.4
Apt. Complexes 15.1
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Bell Gardens HOMES
No Bedroom 4.58
1 Bedroom 19.10
2 Bedrooms 45.64
3 Bedrooms 26.50
4 Bedrooms 3.94
5 or more bedrooms 0.25

Bell Gardens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
119.87% 4.74% 9 10
* 10 is highest