Chula Vista, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chula Vista, CA Real Estate Data


Chula Vista Housing Market Information

With a population of 265,757, 78,066 total housing units (homes and apartments), and a median house value of $493,964, 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 52.77% of the city's housing units. Other types of housing that are prevalent in Chula Vista include large apartment complexes or high rise apartments ( 25.06%), row houses and other attached homes ( 12.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.28%).

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 57.88% owning and 42.12% 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 ( 32.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.16%). There's also some housing in Chula Vista built before 1939 ( 1.60%).

Chula Vista Home Appreciation Rates

Chula Vista's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chula Vista during the period has been just -1.51%, which is lower than 80% of US communities.

Appreciation rates are so strong in Chula Vista that despite a nationwide downturn in the housing market, Chula Vista real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chula Vista appreciation rates continue to be some of the highest in America, at 7.09%, which is higher than appreciation rates in 80.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chula Vista. Chula Vista appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.88%.

Importantly, this makes Chula Vista 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 Chula Vista's latest annual appreciation rate is lower 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 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:
$493,964

Chula Vista, CA HOME PRICES

Value Range
> $1,302,000 0.7
$976,001 - $1,302,000 2.0
$651,001 - $976,000 13.2
$520,001 - $651,000 21.7
$391,001 - $520,000 28.2
$260,001 - $391,000 16.4
$130,001 - $260,000 6.5
$65,001 - $130,000 2.3
$0 - $65,000 8.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.96507676081097 39.5502645502646

Number Of Homes And Apartments:
78,066

Rent & Ownership

 

Average Market Rent:
$2,276 / per month

Homeownership Rate

Homeownership
Owners 57.88
Renters 42.12
Vacant 7.81

Housing Market Details

 

Age of Homes

AGE OF Chula Vista HOMES
2000 or Newer 24.2
1970 - 1999 41.4
1940 - 1969 32.9
1939 or Older 1.6

Types of Homes

TYPE OF Chula Vista HOMES
Single-Family 52.8
Townhomes 12.2
Small Apt. Buildings 5.3
Apt. Complexes 25.1
Mobile Homes 4.6
Other 0.1

Home Size

SIZE OF Chula Vista HOMES
No Bedroom 1.60
1 Bedroom 12.83
2 Bedrooms 24.67
3 Bedrooms 32.79
4 Bedrooms 19.83
5 or more bedrooms 8.27

Chula Vista Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
92.86% 3.88% 7 10
* 10 is highest