Big Bear City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Big Bear City Neighborhoods Since 2000




Big Bear City, 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

Big Bear City Housing Market Information

With 12,707 people, 5,406 houses or apartments, and a median cost of homes of $252,638, Big Bear City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Big Bear City, accounting for 95.02% of the town's housing units. Other types of housing that are prevalent in Big Bear City include mobile homes or trailers ( 2.79%), duplexes, homes converted to apartments or other small apartment buildings ( 1.61%).

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

There is a lot of housing in Big Bear City 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 Big Bear City built between 1940-1969 ( 28.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.46%). There's also some housing in Big Bear City built before 1939 ( 3.53%).

A decent proportion of the Big Bear City housing stock is seasonally occupied. That is, homes and condos in Big Bear City are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Big Bear City housing market speaks to its popularity as a vacation location of choice.

Big Bear City Home Appreciation Rates

Homes have actually lost value in Big Bear City over the last then years, as home values have seen a decline of 21.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Big Bear City home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.

Appreciation rates are so strong in Big Bear City that despite a nationwide downturn in the housing market, Big Bear City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Big Bear City appreciation rates continue to be some of the highest in America, at 9.22%, which is higher than appreciation rates in 91.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Big Bear City. Big Bear City appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Big Bear City one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Big Bear City's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$252,638

Big Bear City, CA HOME PRICES

Value Range
> $1,319,000 0.7
$989,001 - $1,319,000 1.2
$659,001 - $989,000 7.6
$527,001 - $659,000 4.0
$395,001 - $527,000 13.6
$264,001 - $395,000 28.1
$131,001 - $264,000 35.3
$66,001 - $131,000 7.5
$0 - $66,000 1.9

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
22.0848470643385 75.9259259259259

Number Of Homes And Apartments:
5,406

Big Bear City 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
90.58% 3.81% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,329 / per month

Homeownership Rate

Homeownership
Owners 61.25
Renters 38.75
Vacant 56.59

Housing Market Details

 

Age of Homes

AGE OF Big Bear City HOMES
2000 or Newer 10.5
1970 - 1999 57.5
1940 - 1969 28.5
1939 or Older 3.5

Types of Homes

TYPE OF Big Bear City HOMES
Single-Family 95.0
Townhomes 0.1
Small Apt. Buildings 1.6
Apt. Complexes 0.5
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Big Bear City HOMES
No Bedroom 1.94
1 Bedroom 11.29
2 Bedrooms 45.35
3 Bedrooms 34.05
4 Bedrooms 6.41
5 or more bedrooms 0.96

Popular Neighborhoods in Big Bear City

Zip Codes in Big Bear City, CA