Buena Park, 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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Buena Park, CA Housing Market Trends

With 84,034 people, 23,680 houses or apartments, and a median cost of homes of $732,321, real estate costs in Buena Park 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 Buena Park, accounting for 59.63% of the city's housing units. Other types of housing that are prevalent in Buena Park include large apartment complexes or high rise apartments ( 25.05%), row houses and other attached homes ( 7.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.21%).

The most prevalent building size and type in Buena Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.81% owning and 43.19% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Buena Park's housing was primarily built during this period, from the '40s through the '60s. A full 57.93% of the city's housing hails from this era. Other housing ages represented in Buena Park include homes built between 1970-1999 ( 33.59%) and housing constructed between 2000 and later ( 7.36%). There's also some housing in Buena Park built before 1939 ( 1.13%).

Buena Park Home Appreciation Rates

In the last 10 years, Buena Park has experienced some of the highest home appreciation rates of any community in the nation. Buena Park real estate appreciated 95.20% over the last ten years, which is an average annual home appreciation rate of 6.92%, putting Buena Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buena Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Buena Park's appreciation rate, at 14.33%, has been at or slightly above the national average. In the latest quarter, Buena Park's appreciation rate has been 5.86%, which annualizes to a rate of 25.57%.

Relative to California, our data show that Buena Park's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Buena Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Buena Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Buena Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$732,321

Buena Park, CA HOME PRICES

> $1,313,000
3.1%
3.1%
$985,001 - $1,313,000
6.7%
6.7%
$656,001 - $985,000
52.3%
52.3%
$525,001 - $656,000
22.9%
22.9%
$394,001 - $525,000
7.6%
7.6%
$263,001 - $394,000
3.0%
3.0%
$131,001 - $263,000
0.7%
0.7%
$66,001 - $131,000
2.2%
2.2%
$0 - $66,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
23,680

Buena Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
206.85% 5.29%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,873 / per month

Homeownership Rate

Owners
56.8%
56.8%
Renters
43.2%
43.2%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.4%
7.4%
1970 - 1999
33.6%
33.6%
1940 - 1969
57.9%
57.9%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.6%
59.6%
Townhomes
7.5%
7.5%
Small Apt. Buildings
6.2%
6.2%
Apt. Complexes
25.1%
25.1%
Mobile Homes
1.5%
1.5%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
7.5%
7.5%
2 Bedrooms
27.1%
27.1%
3 Bedrooms
37.3%
37.3%
4 Bedrooms
21.9%
21.9%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES