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 a population of 40,053, 9,313 total housing units (homes and apartments), and a median house value of $250,126, Calexico real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Calexico, accounting for 69.06% of the city's housing units. Other types of housing that are prevalent in Calexico include large apartment complexes or high rise apartments ( 11.56%), duplexes, homes converted to apartments or other small apartment buildings ( 11.05%), and a few row houses and other attached homes ( 5.31%).
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 50.71% owning and 49.29% 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 ( 31.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.07%). There's also some housing in Calexico built before 1939 ( 1.41%).
Vacant housing appears to be an issue in Calexico. Fully 12.86% 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.
Homes have actually lost value in Calexico over the last then years, as home values have seen a decline of 21.45% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Calexico home appreciation rates at 3.60%, which equates to an annual appreciation rate of 15.22%.
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 8.70%, which is higher than appreciation rates in 86.44% 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 3.60%, which equates to an annual appreciation rate of 15.22%.
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 50% 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.
|$1,077,001 - $1,436,000||1.5|
|$718,001 - $1,077,000||0.0|
|$575,001 - $718,000||1.0|
|$431,001 - $575,000||4.7|
|$288,001 - $431,000||22.0|
|$144,001 - $288,000||53.7|
|$72,001 - $144,000||13.5|
|$0 - $72,000||3.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Calexico HOMES|
|2000 or Newer||31.5|
|1970 - 1999||49.0|
|1940 - 1969||18.1|
|1939 or Older||1.4|
|TYPE OF Calexico HOMES|
|Small Apt. Buildings||11.0|
|SIZE OF Calexico HOMES|
|5 or more bedrooms||6.21|