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
With a population of 11,123, 3,903 total housing units (homes and apartments), and a median house value of $271,792, Crestline real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Crestline, accounting for 92.67% of the town's housing units. Other types of housing that are prevalent in Crestline include mobile homes or trailers ( 2.28%), duplexes, homes converted to apartments or other small apartment buildings ( 2.15%), and a few large apartment complexes or high rise apartments ( 1.74%).
Dwellings in Crestline tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.99% of the homes in Crestline have two or fewer bedrooms.
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. Crestline's housing was primarily built during this period, from the '40s through the '60s. A full 47.03% of the town's housing hails from this era. Other housing ages represented in Crestline include homes built between 1970-1999 ( 32.74%) and housing constructed before 1939 ( 16.87%). There's also some housing in Crestline built between 2000 and later ( 3.36%).
A decent proportion of the Crestline housing stock is seasonally occupied. That is, homes and condos in Crestline are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Crestline housing market speaks to its popularity as a vacation location of choice.
Homes have actually lost value in Crestline over the last then years, as home values have seen a decline of 21.32% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crestline home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.
Appreciation rates are so strong in Crestline that despite a nationwide downturn in the housing market, Crestline real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crestline appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 81.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crestline. Crestline appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.
Importantly, this makes Crestline one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Crestline's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
|$981,001 - $1,308,000||2.3|
|$654,001 - $981,000||2.2|
|$523,001 - $654,000||1.3|
|$392,001 - $523,000||12.5|
|$262,001 - $392,000||24.2|
|$131,001 - $262,000||40.1|
|$65,001 - $131,000||10.1|
|$0 - $65,000||4.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Crestline HOMES|
|2000 or Newer||3.4|
|1970 - 1999||32.7|
|1940 - 1969||47.0|
|1939 or Older||16.9|
|TYPE OF Crestline HOMES|
|Small Apt. Buildings||2.1|
|SIZE OF Crestline HOMES|
|5 or more bedrooms||2.35|