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 3,882 people, 1,822 houses or apartments, and a median cost of homes of $3,945,314, Del Mar house prices are not only among the most expensive in California, Del Mar 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 Del Mar, accounting for 58.73% of the city's housing units. Other types of housing that are prevalent in Del Mar include large apartment complexes or high rise apartments ( 29.56%), row houses and other attached homes ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.27%).
The most prevalent building size and type in Del Mar are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.27% owning and 44.73% renting.
There is a lot of housing in Del Mar 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 Del Mar built between 1940-1969 ( 36.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.63%). There's also some housing in Del Mar built before 1939 ( 11.51%).
Vacant housing appears to be an issue in Del Mar. Fully 27.41% of the housing stock is classified as vacant. Left unchecked, vacant Del Mar homes and apartments can be a drag on the real estate market, holding Del Mar 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.
In the last 10 years, Del Mar has experienced some of the highest home appreciation rates of any community in the nation. Del Mar real estate appreciated 126.73% over the last ten years, which is an average annual home appreciation rate of 8.53%, putting Del Mar in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Del Mar definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Del Mar that despite a nationwide downturn in the housing market, Del Mar real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Del Mar appreciation rates continue to be some of the highest in America, at 12.74%, which is higher than appreciation rates in 77.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Del Mar. Del Mar appreciation rates in the latest quarter were at 5.60%, which equates to an annual appreciation rate of 24.33%.
Importantly, this makes Del Mar 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 Del Mar's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
$3,945,314
$6,378 / per month