Calipatria, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Calipatria, CA Real Estate Data


Calipatria Housing Market Information

With 7,424 people, 1,571 houses or apartments, and a median cost of homes of $243,561, Calipatria real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Calipatria, accounting for 67.12% of the city's housing units. Other types of housing that are prevalent in Calipatria include large apartment complexes or high rise apartments ( 13.92%), duplexes, homes converted to apartments or other small apartment buildings ( 12.52%), and a few mobile homes or trailers ( 3.84%).

The most prevalent building size and type in Calipatria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.54% owning and 58.46% renting.

There is a lot of housing in Calipatria 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 Calipatria built between 1940-1969 ( 21.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.32%). There's also some housing in Calipatria built before 1939 ( 3.79%).

Vacant housing appears to be an issue in Calipatria. Fully 18.39% of the housing stock is classified as vacant. Left unchecked, vacant Calipatria homes and apartments can be a drag on the real estate market, holding Calipatria 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.

Calipatria Home Appreciation Rates

Calipatria's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Calipatria during the period has been just -1.02%, which is lower than 70% of US communities.

Appreciation rates are so strong in Calipatria that despite a nationwide downturn in the housing market, Calipatria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Calipatria appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 89.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Calipatria. Calipatria appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.97%.

Importantly, this makes Calipatria 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 Calipatria's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$243,561

Calipatria, CA HOME PRICES

Value Range
> $1,486,000 0.0
$1,114,001 - $1,486,000 0.0
$743,001 - $1,114,000 0.5
$594,001 - $743,000 0.0
$446,001 - $594,000 0.5
$297,001 - $446,000 46.0
$148,001 - $297,000 16.1
$74,001 - $148,000 19.6
$0 - $74,000 17.3

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
24.1494407682848 79.6565389696169

Number Of Homes And Apartments:
1,571

Rent & Ownership

 

Average Market Rent:
$859 / per month

Homeownership Rate

Homeownership
Owners 41.54
Renters 58.46
Vacant 18.39

Housing Market Details

 

Age of Homes

AGE OF Calipatria HOMES
2000 or Newer 15.3
1970 - 1999 58.9
1940 - 1969 22.0
1939 or Older 3.8

Types of Homes

TYPE OF Calipatria HOMES
Single-Family 67.1
Townhomes 1.7
Small Apt. Buildings 12.5
Apt. Complexes 13.9
Mobile Homes 3.8
Other 0.9

Home Size

SIZE OF Calipatria HOMES
No Bedroom 0.00
1 Bedroom 3.84
2 Bedrooms 33.51
3 Bedrooms 45.35
4 Bedrooms 14.44
5 or more bedrooms 2.86

Calipatria 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
93.11% 3.95% 7 10
* 10 is highest

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