Beverly Hills, CA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Beverly Hills, CA Housing Market Trends

With 33,792 people, 14,769 houses or apartments, and a median cost of homes of $2,471,008, Beverly Hills house prices are not only among the most expensive in California, Beverly Hills real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Beverly Hills, accounting for 50.41% of the city's housing units. Other types of housing that are prevalent in Beverly Hills include single-family detached homes ( 35.47%), duplexes, homes converted to apartments or other small apartment buildings ( 12.67%), and a few row houses and other attached homes ( 1.17%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Beverly Hills primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Beverly Hills has a mixture of owner-occupied and renter-occupied housing.

The housing in Beverly Hills was primarily built before 1939 ( 35.41%), making the housing stock in Beverly Hills some of the oldest overall in America, although there is a range of ages of homes in Beverly Hills. The next most important housing age is between 1940-1969 ( 33.81%), followed by between 1970-1999 ( 26.16%). There's also some housing in Beverly Hills built between 2000 and later ( 4.62%).

Vacant housing appears to be an issue in Beverly Hills. Fully 15.89% of the housing stock is classified as vacant. Left unchecked, vacant Beverly Hills homes and apartments can be a drag on the real estate market, holding Beverly Hills 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.

Beverly Hills Home Appreciation Rates

In the last 10 years, Beverly Hills has experienced some of the highest home appreciation rates of any community in the nation. Beverly Hills real estate appreciated 75.48% over the last ten years, which is an average annual home appreciation rate of 5.78%, putting Beverly Hills in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Beverly Hills definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Beverly Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Beverly Hills's appreciation rate has been 2.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beverly Hills were at 1.82%, which equates to an annual appreciation rate of 7.50%.

Relative to California, our data show that Beverly Hills's latest annual appreciation rate is lower than 80% 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 Beverly Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beverly Hills - 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 Beverly Hills real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$2,471,008

Beverly Hills, CA HOME PRICES

> $1,040,000
81.3%
81.3%
$780,001 - $1,040,000
8.4%
8.4%
$521,001 - $780,000
5.1%
5.1%
$417,001 - $521,000
0.9%
0.9%
$312,001 - $417,000
1.1%
1.1%
$208,001 - $312,000
0.7%
0.7%
$104,001 - $208,000
0.5%
0.5%
$52,001 - $104,000
0.5%
0.5%
$0 - $52,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
14,769

Beverly Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
138.65% 4.18%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,530 / per month

Homeownership Rate

Owners
41.5%
41.5%
Renters
58.5%
58.5%
Vacant
15.9%
15.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
26.2%
26.2%
1940 - 1969
33.8%
33.8%
1939 or Older
35.4%
35.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
35.5%
35.5%
Townhomes
1.2%
1.2%
Small Apt. Buildings
12.7%
12.7%
Apt. Complexes
50.4%
50.4%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.9%
5.9%
1 Bedroom
21.9%
21.9%
2 Bedrooms
31.1%
31.1%
3 Bedrooms
18.5%
18.5%
4 Bedrooms
12.2%
12.2%
5 or more bedrooms
10.6%
10.6%
0.0% 100.0%
% OF HOMES