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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 34,869 people, 14,519 houses or apartments, and a median cost of homes of $1,953,285, 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 51.25% of the city's housing units. Other types of housing that are prevalent in Beverly Hills include single-family detached homes ( 36.00%), duplexes, homes converted to apartments or other small apartment buildings ( 11.33%), and a few row houses and other attached homes ( 1.11%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
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 ( 37.69%), 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 ( 32.37%), followed by between 1970-1999 ( 25.33%). There's also some housing in Beverly Hills built between 2000 and later ( 4.61%).
Vacant housing appears to be an issue in Beverly Hills. Fully 10.42% 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.
Appreciation rates for homes in Beverly Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.43%, which ranks in the top 30% nationwide. This equates to an annual average Beverly Hills house appreciation rate of 1.27%.
Appreciation rates are so strong in Beverly Hills that despite a nationwide downturn in the housing market, Beverly Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beverly Hills appreciation rates continue to be some of the highest in America, at 7.81%, which is higher than appreciation rates in 81.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beverly Hills. Beverly Hills appreciation rates in the latest quarter were at 1.85%, which equates to an annual appreciation rate of 7.61%.
Relative to California, our data show that Beverly Hills'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 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.
|$962,001 - $1,282,000||8.1|
|$641,001 - $962,000||10.5|
|$513,001 - $641,000||1.6|
|$385,001 - $513,000||0.6|
|$256,001 - $385,000||1.0|
|$128,001 - $256,000||1.9|
|$64,001 - $128,000||1.2|
|$0 - $64,000||1.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Beverly Hills HOMES|
|2000 or Newer||4.6|
|1970 - 1999||25.3|
|1940 - 1969||32.4|
|1939 or Older||37.7|
|TYPE OF Beverly Hills HOMES|
|Small Apt. Buildings||11.3|
|SIZE OF Beverly Hills HOMES|
|5 or more bedrooms||10.43|