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




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Big Bear Lake, CA Real Estate Data


Big Bear Lake Housing Market Information

With a population of 5,213, 2,174 total housing units (homes and apartments), and a median house value of $493,629, real estate costs in Big Bear Lake 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 Big Bear Lake, accounting for 83.91% of the city's housing units. Other types of housing that are prevalent in Big Bear Lake include duplexes, homes converted to apartments or other small apartment buildings ( 4.97%), large apartment complexes or high rise apartments ( 4.45%), and a few mobile homes or trailers ( 3.61%).

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

There is a lot of housing in Big Bear Lake 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 Lake built between 1940-1969 ( 31.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.01%). There's also some housing in Big Bear Lake built before 1939 ( 3.78%).

A decent proportion of the Big Bear Lake housing stock is seasonally occupied. That is, homes and condos in Big Bear Lake 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 Lake housing market speaks to its popularity as a vacation location of choice.

Big Bear Lake Home Appreciation Rates

Big Bear Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Big Bear Lake during the period has been just -1.35%, which is lower than 80% of US communities.

Appreciation rates are so strong in Big Bear Lake that despite a nationwide downturn in the housing market, Big Bear Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Big Bear Lake appreciation rates continue to be some of the highest in America, at 5.77%, which is higher than appreciation rates in 70.97% 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 Lake. Big Bear Lake appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.30%.

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

Average Home Values

 

Median Home Value:
$493,629

Big Bear Lake, CA HOME PRICES

Value Range
> $1,538,000 2.4
$1,153,001 - $1,538,000 6.7
$769,001 - $1,153,000 11.4
$615,001 - $769,000 15.6
$461,001 - $615,000 20.9
$308,001 - $461,000 14.1
$154,001 - $308,000 19.6
$77,001 - $154,000 0.1
$0 - $77,000 9.2

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.33600749546173 40.8190224570674

Number Of Homes And Apartments:
2,174

Rent & Ownership

 

Average Market Rent:
$1,271 / per month

Homeownership Rate

Homeownership
Owners 55.64
Renters 44.36
Vacant 77.40

Housing Market Details

 

Age of Homes

AGE OF Big Bear Lake HOMES
2000 or Newer 10.0
1970 - 1999 55.1
1940 - 1969 31.1
1939 or Older 3.8

Types of Homes

TYPE OF Big Bear Lake HOMES
Single-Family 83.9
Townhomes 3.1
Small Apt. Buildings 5.0
Apt. Complexes 4.4
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Big Bear Lake HOMES
No Bedroom 2.13
1 Bedroom 9.97
2 Bedrooms 38.55
3 Bedrooms 36.22
4 Bedrooms 10.06
5 or more bedrooms 3.07

Big Bear Lake 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
113.30% 4.56% 8 10
* 10 is highest

Popular Neighborhoods in Big Bear Lake

Zip Codes in Big Bear Lake, CA