Commerce, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Commerce Neighborhoods Since 2000




Commerce, 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

Commerce Housing Market Information

With a population of 13,081, 3,498 total housing units (homes and apartments), and a median house value of $439,249, real estate costs in Commerce 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 Commerce, accounting for 65.25% of the city's housing units. Other types of housing that are prevalent in Commerce include large apartment complexes or high rise apartments ( 15.27%), row houses and other attached homes ( 12.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.55%).

People in Commerce primarily live in small (one, two or no bedroom) single-family detached homes. Commerce has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Commerce's housing was primarily built during this period, from the '40s through the '60s. A full 54.57% of the city's housing hails from this era. Other housing ages represented in Commerce include homes built between 1970-1999 ( 26.42%) and housing constructed before 1939 ( 13.68%). There's also some housing in Commerce built between 2000 and later ( 5.32%).

Commerce Home Appreciation Rates

Commerce's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Commerce during the period has been just -1.31%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Commerce's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Commerce's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.

Importantly, this makes Commerce 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 Commerce's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$439,249

Commerce, CA HOME PRICES

Value Range
> $1,355,000 0.1
$1,016,001 - $1,355,000 0.3
$678,001 - $1,016,000 6.6
$542,001 - $678,000 14.9
$407,001 - $542,000 40.7
$271,001 - $407,000 24.8
$136,001 - $271,000 7.2
$68,001 - $136,000 0.0
$0 - $68,000 5.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.75225594749795 47.6190476190476

Number Of Homes And Apartments:
3,498

Commerce 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
122.38% 4.74% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,284 / per month

Homeownership Rate

Homeownership
Owners 42.78
Renters 57.22
Vacant 2.51

Housing Market Details

 

Age of Homes

AGE OF Commerce HOMES
2000 or Newer 5.3
1970 - 1999 26.4
1940 - 1969 54.6
1939 or Older 13.7

Types of Homes

TYPE OF Commerce HOMES
Single-Family 65.2
Townhomes 12.9
Small Apt. Buildings 6.5
Apt. Complexes 15.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Commerce HOMES
No Bedroom 3.15
1 Bedroom 19.48
2 Bedrooms 30.96
3 Bedrooms 34.95
4 Bedrooms 9.89
5 or more bedrooms 1.56