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 5,213 people, 2,270 houses or apartments, and a median cost of homes of $506,192, 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 83.08% of the city's housing units. Other types of housing that are prevalent in Big Bear Lake include large apartment complexes or high rise apartments ( 5.21%), duplexes, homes converted to apartments or other small apartment buildings ( 4.59%), and a few mobile homes or trailers ( 4.05%).
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 ( 29.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.22%). There's also some housing in Big Bear Lake built before 1939 ( 3.85%).
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'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 -1.49%, 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 7.55%, which is higher than appreciation rates in 84.40% 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 Lake. Big Bear Lake 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 Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Big Bear Lake's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
|$991,001 - $1,321,000||4.4|
|$660,001 - $991,000||15.7|
|$528,001 - $660,000||18.2|
|$396,001 - $528,000||24.2|
|$264,001 - $396,000||11.8|
|$132,001 - $264,000||14.5|
|$66,001 - $132,000||0.1|
|$0 - $66,000||9.1|
|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 Lake HOMES|
|2000 or Newer||11.2|
|1970 - 1999||55.3|
|1940 - 1969||29.6|
|1939 or Older||3.8|
|TYPE OF Big Bear Lake HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Big Bear Lake HOMES|
|5 or more bedrooms||1.84|