Chula Vista CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Chula Vista, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Chula Vista Housing Market Information

With 271,651 people, 78,476 houses or apartments, and a median cost of homes of $571,786, real estate costs in Chula Vista 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 Chula Vista, accounting for 52.91% of the city's housing units. Other types of housing that are prevalent in Chula Vista include large apartment complexes or high rise apartments ( 24.88%), row houses and other attached homes ( 13.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.68%).

The most prevalent building size and type in Chula Vista are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.60% owning and 42.40% renting.

There is a lot of housing in Chula Vista 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 Chula Vista built between 1940-1969 ( 31.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.30%). There's also some housing in Chula Vista built before 1939 ( 1.44%).

Chula Vista Home Appreciation Rates

In the last 10 years, Chula Vista has experienced some of the highest home appreciation rates of any community in the nation. Chula Vista real estate appreciated 72.24% over the last ten years, which is an average annual home appreciation rate of 5.59%, putting Chula Vista in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chula Vista definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Chula Vista appreciation rates have trailed the rest of the nation. In the last twelve months, Chula Vista's appreciation rate has been 1.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chula Vista were at 0.94%, which equates to an annual appreciation rate of 3.79%.

Relative to California, our data show that Chula Vista's latest annual appreciation rate is lower 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 Chula Vista differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chula Vista - 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 Chula Vista real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$571,786

Chula Vista, CA HOME PRICES

Value Range
> $1,271,000 1.2
$953,001 - $1,271,000 3.6
$635,001 - $953,000 23.2
$508,001 - $635,000 26.5
$381,001 - $508,000 23.0
$254,001 - $381,000 10.1
$127,001 - $254,000 3.7
$64,001 - $127,000 2.0
$0 - $64,000 6.7

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.47153284671533 37.0904325032765

Number Of Homes And Apartments:
78,476

Chula Vista Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
125.26% 4.20%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,595 / per month

Homeownership Rate

Homeownership
Owners 57.60
Renters 42.40
Vacant 8.14

Housing Market Details

 

Age of Homes

AGE OF Chula Vista HOMES
2000 or Newer 25.3
1970 - 1999 41.9
1940 - 1969 31.3
1939 or Older 1.4

Types of Homes

TYPE OF Chula Vista HOMES
Single-Family 52.9
Townhomes 13.0
Small Apt. Buildings 4.7
Apt. Complexes 24.9
Mobile Homes 4.4
Other 0.1

Home Size

SIZE OF Chula Vista HOMES
No Bedroom 2.05
1 Bedroom 11.43
2 Bedrooms 24.66
3 Bedrooms 32.73
4 Bedrooms 21.49
5 or more bedrooms 7.64