Big Bear Lake, CA Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Big Bear Lake, CA Housing Market Trends

With 5,046 people, 2,127 houses or apartments, and a median cost of homes of $589,515, 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 82.93% 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 ( 7.04%), row houses and other attached homes ( 3.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.22%).

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 ( 31.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.94%). There's also some housing in Big Bear Lake built before 1939 ( 6.11%).

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

In the last 10 years, Big Bear Lake has experienced some of the highest home appreciation rates of any community in the nation. Big Bear Lake real estate appreciated 121.00% over the last ten years, which is an average annual home appreciation rate of 8.25%, putting Big Bear Lake in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Big Bear Lake definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 26.34%, which is higher than appreciation rates in 93.97% 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 9.35%, which equates to an annual appreciation rate of 42.96%.

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 higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$589,515

Big Bear Lake, CA HOME PRICES

> $1,379,000
$1,035,001 - $1,379,000
$689,001 - $1,035,000
$552,001 - $689,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
4.1%
4.1%
4.8%
4.8%
22.9%
22.9%
11.3%
11.3%
21.9%
21.9%
15.6%
15.6%
3.3%
3.3%
8.9%
8.9%
7.3%
7.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
2,127

Big Bear Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
170.40% 4.63%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,603 / per month

Homeownership Rate

Owners
Renters
Vacant
56.3%
56.3%
43.7%
43.7%
78.8%
78.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.9%
10.9%
51.0%
51.0%
31.9%
31.9%
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.9%
82.9%
4.0%
4.0%
3.2%
3.2%
7.0%
7.0%
2.9%
2.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.2%
5.2%
14.3%
14.3%
30.9%
30.9%
31.8%
31.8%
14.7%
14.7%
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Big Bear Lake

Zip Codes in Big Bear Lake, CA