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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 93,597, 24,921 total housing units (homes and apartments), and a median house value of $580,395, real estate costs in Compton 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 Compton, accounting for 64.96% of the city's housing units. Other types of housing that are prevalent in Compton include duplexes, homes converted to apartments or other small apartment buildings ( 12.25%), large apartment complexes or high rise apartments ( 12.00%), and a few row houses and other attached homes ( 7.26%).
People in Compton primarily live in small (one, two or no bedroom) single-family detached homes. Compton 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. Compton's housing was primarily built during this period, from the '40s through the '60s. A full 63.62% of the city's housing hails from this era. Other housing ages represented in Compton include homes built between 1970-1999 ( 21.17%) and housing constructed before 1939 ( 10.55%). There's also some housing in Compton built between 2000 and later ( 4.66%).
In the last 10 years, Compton has experienced some of the highest home appreciation rates of any community in the nation. Compton real estate appreciated 180.87% over the last ten years, which is an average annual home appreciation rate of 10.88%, putting Compton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Compton 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, Compton appreciation rates have trailed the rest of the nation. In the last twelve months, Compton's appreciation rate has been 7.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Compton were at -2.65%, which equates to an annual appreciation rate of -10.20%.
Notably, Compton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Compton's latest annual appreciation rate is higher than 60% 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 Compton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Compton - 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 Compton real estate investment or home purchase decisions.
$2,464 / per month