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 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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Big Bear City HOMES|
|2000 or Newer||10.5|
|1970 - 1999||57.5|
|1940 - 1969||28.5|
|1939 or Older||3.5|
|TYPE OF Big Bear City HOMES|
|Small Apt. Buildings||1.6|
|SIZE OF Big Bear City HOMES|
|5 or more bedrooms||0.96|