Calimesa, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Calimesa Neighborhoods Since 2000




Calimesa, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Calimesa Housing Market Information

With 8,542 people, 3,376 houses or apartments, and a median cost of homes of $276,606, Calimesa real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Calimesa, accounting for 58.60% of the city's housing units. Other types of housing that are prevalent in Calimesa include mobile homes or trailers ( 37.31%), duplexes, homes converted to apartments or other small apartment buildings ( 2.08%), and a few large apartment complexes or high rise apartments ( 1.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Calimesa. Owner-occupied housing accounts for 84.62% of Calimesa's homes, and 48.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Calimesa 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 Calimesa built between 1940-1969 ( 37.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.47%). There's also some housing in Calimesa built before 1939 ( 2.66%).

Vacant housing appears to be an issue in Calimesa. Fully 12.11% of the housing stock is classified as vacant. Left unchecked, vacant Calimesa homes and apartments can be a drag on the real estate market, holding Calimesa 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.

Calimesa Home Appreciation Rates

Calimesa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Calimesa during the period has been just -1.84%, which is lower than 80% of US communities.

Appreciation rates are so strong in Calimesa that despite a nationwide downturn in the housing market, Calimesa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Calimesa appreciation rates continue to be some of the highest in America, at 8.55%, which is higher than appreciation rates in 89.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Calimesa. Calimesa appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Calimesa 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 Calimesa's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$276,606

Calimesa, CA HOME PRICES

Value Range
> $1,432,000 1.9
$1,074,001 - $1,432,000 0.4
$716,001 - $1,074,000 2.7
$573,001 - $716,000 4.9
$430,001 - $573,000 12.9
$287,001 - $430,000 23.1
$143,001 - $287,000 28.2
$71,001 - $143,000 7.6
$0 - $71,000 18.1

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.8093284893941 71.5608465608466

Number Of Homes And Apartments:
3,376

Calimesa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
101.09% 4.13% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,301 / per month

Homeownership Rate

Homeownership
Owners 84.62
Renters 15.38
Vacant 12.11

Housing Market Details

 

Age of Homes

AGE OF Calimesa HOMES
2000 or Newer 12.5
1970 - 1999 47.2
1940 - 1969 37.7
1939 or Older 2.7

Types of Homes

TYPE OF Calimesa HOMES
Single-Family 58.6
Townhomes 0.6
Small Apt. Buildings 2.1
Apt. Complexes 1.4
Mobile Homes 37.3
Other 0.0

Home Size

SIZE OF Calimesa HOMES
No Bedroom 0.00
1 Bedroom 8.04
2 Bedrooms 40.46
3 Bedrooms 32.05
4 Bedrooms 16.64
5 or more bedrooms 2.81