Dana Point, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dana Point Neighborhoods Since 2000




Dana Point, 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

Dana Point Housing Market Information

With a population of 34,181, 14,455 total housing units (homes and apartments), and a median house value of $932,970, Dana Point house prices are not only among the most expensive in California, Dana Point real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Dana Point, accounting for 51.25% of the city's housing units. Other types of housing that are prevalent in Dana Point include duplexes, homes converted to apartments or other small apartment buildings ( 17.27%), large apartment complexes or high rise apartments ( 15.55%), and a few row houses and other attached homes ( 14.95%).

The most prevalent building size and type in Dana Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.52% owning and 41.48% renting.

There is a lot of housing in Dana Point 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 Dana Point built between 1940-1969 ( 22.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.02%). There's also some housing in Dana Point built before 1939 ( 1.55%).

Vacant housing appears to be an issue in Dana Point. Fully 14.30% of the housing stock is classified as vacant. Left unchecked, vacant Dana Point homes and apartments can be a drag on the real estate market, holding Dana Point real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dana Point Home Appreciation Rates

Appreciation rates for homes in Dana Point have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.85%, which ranks in the top 40% nationwide. This equates to an annual average Dana Point house appreciation rate of 0.57%.

Appreciation rates are so strong in Dana Point that despite a nationwide downturn in the housing market, Dana Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dana Point appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 87.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dana Point. Dana Point appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Dana Point 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 Dana Point's latest annual appreciation rate is higher 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 Dana Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dana Point - 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 Dana Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$932,970

Dana Point, CA HOME PRICES

Value Range
> $1,299,000 20.1
$974,001 - $1,299,000 23.1
$649,001 - $974,000 33.5
$520,001 - $649,000 9.5
$390,001 - $520,000 3.4
$260,001 - $390,000 2.5
$130,001 - $260,000 3.1
$65,001 - $130,000 2.7
$0 - $65,000 2.0

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.27153404429861 13.6243386243386

Number Of Homes And Apartments:
14,455

Dana Point 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
128.16% 4.90% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,442 / per month

Homeownership Rate

Homeownership
Owners 58.52
Renters 41.48
Vacant 14.30

Housing Market Details

 

Age of Homes

AGE OF Dana Point HOMES
2000 or Newer 6.0
1970 - 1999 69.7
1940 - 1969 22.7
1939 or Older 1.6

Types of Homes

TYPE OF Dana Point HOMES
Single-Family 51.3
Townhomes 14.9
Small Apt. Buildings 17.3
Apt. Complexes 15.6
Mobile Homes 0.9
Other 0.1

Home Size

SIZE OF Dana Point HOMES
No Bedroom 1.06
1 Bedroom 11.34
2 Bedrooms 30.24
3 Bedrooms 37.31
4 Bedrooms 17.13
5 or more bedrooms 2.92