Calexico, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Calexico Neighborhoods Since 2000




Calexico, CA Real Estate Data


Calexico Housing Market Information

With 40,053 people, 9,213 houses or apartments, and a median cost of homes of $221,368, Calexico real estate values are some of the lowest in California, although compared to real estate around the nation, Calexico homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Calexico, accounting for 67.56% of the city's housing units. Other types of housing that are prevalent in Calexico include large apartment complexes or high rise apartments ( 14.06%), duplexes, homes converted to apartments or other small apartment buildings ( 10.67%), and a few row houses and other attached homes ( 4.94%).

The most prevalent building size and type in Calexico are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.49% owning and 48.51% renting.

There is a lot of housing in Calexico 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 Calexico built between 2000 and later ( 31.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.10%). There's also some housing in Calexico built before 1939 ( 1.54%).

Vacant housing appears to be an issue in Calexico. Fully 11.05% of the housing stock is classified as vacant. Left unchecked, vacant Calexico homes and apartments can be a drag on the real estate market, holding Calexico real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Calexico Home Appreciation Rates

Homes have actually lost value in Calexico over the last then years, as home values have seen a decline of 27.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Calexico home appreciation rates at 2.64%, which equates to an annual appreciation rate of 10.97%.

Appreciation rates are so strong in Calexico that despite a nationwide downturn in the housing market, Calexico real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Calexico appreciation rates continue to be some of the highest in America, at 7.73%, which is higher than appreciation rates in 89.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Calexico. Calexico appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.97%.

Importantly, this makes Calexico 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 Calexico's latest annual appreciation rate is higher than 70% 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 Calexico differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Calexico - 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 Calexico real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,368

Calexico, CA HOME PRICES

Value Range
> $1,439,000 0.4
$1,080,001 - $1,439,000 1.4
$720,001 - $1,080,000 0.0
$576,001 - $720,000 0.8
$432,001 - $576,000 3.1
$288,001 - $432,000 20.2
$144,001 - $288,000 57.5
$72,001 - $144,000 12.0
$0 - $72,000 4.7

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
28.3187913567957 84.1479524438573

Number Of Homes And Apartments:
9,213

Rent & Ownership

 

Average Market Rent:
$1,115 / per month

Homeownership Rate

Homeownership
Owners 51.49
Renters 48.51
Vacant 11.05

Housing Market Details

 

Age of Homes

AGE OF Calexico HOMES
2000 or Newer 31.9
1970 - 1999 50.4
1940 - 1969 16.1
1939 or Older 1.5

Types of Homes

TYPE OF Calexico HOMES
Single-Family 67.6
Townhomes 4.9
Small Apt. Buildings 10.7
Apt. Complexes 14.1
Mobile Homes 2.5
Other 0.3

Home Size

SIZE OF Calexico HOMES
No Bedroom 3.73
1 Bedroom 10.98
2 Bedrooms 15.20
3 Bedrooms 36.30
4 Bedrooms 27.00
5 or more bedrooms 6.80

Calexico 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
55.51% 2.63% 2 7
* 10 is highest