Downey, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Downey, 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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Downey Housing Market Information

With 113,267 people, 32,795 houses or apartments, and a median cost of homes of $594,956, real estate costs in Downey 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 Downey, accounting for 58.64% of the city's housing units. Other types of housing that are prevalent in Downey include large apartment complexes or high rise apartments ( 32.59%), duplexes, homes converted to apartments or other small apartment buildings ( 4.52%), and a few row houses and other attached homes ( 3.52%).

People in Downey primarily live in small (one, two or no bedroom) single-family detached homes. Downey 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. Downey's housing was primarily built during this period, from the '40s through the '60s. A full 68.29% of the city's housing hails from this era. Other housing ages represented in Downey include homes built between 1970-1999 ( 25.54%) and housing constructed before 1939 ( 3.26%). There's also some housing in Downey built between 2000 and later ( 2.90%).

Downey Home Appreciation Rates

In the last 10 years, Downey has experienced some of the highest home appreciation rates of any community in the nation. Downey real estate appreciated 35.49% over the last ten years, which is an average annual home appreciation rate of 3.08%, putting Downey in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Downey 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 Downey that despite a nationwide downturn in the housing market, Downey real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Downey appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 87.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Downey. Downey appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.60%.

Relative to California, our data show that Downey'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 Downey differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Downey - 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 Downey real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$594,956

Downey, CA HOME PRICES

Value Range
> $1,387,000 2.9
$1,040,001 - $1,387,000 4.4
$693,001 - $1,040,000 28.0
$555,001 - $693,000 24.7
$416,001 - $555,000 24.9
$277,001 - $416,000 10.0
$139,001 - $277,000 1.8
$70,001 - $139,000 1.4
$0 - $70,000 1.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.94014598540146 35.7798165137615

Number Of Homes And Apartments:
32,795

Downey Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
153.07% 5.08%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,972 / per month

Homeownership Rate

Homeownership
Owners 49.02
Renters 50.98
Vacant 4.23

Housing Market Details

 

Age of Homes

AGE OF Downey HOMES
2000 or Newer 2.9
1970 - 1999 25.5
1940 - 1969 68.3
1939 or Older 3.3

Types of Homes

TYPE OF Downey HOMES
Single-Family 58.6
Townhomes 3.5
Small Apt. Buildings 4.5
Apt. Complexes 32.6
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Downey HOMES
No Bedroom 3.39
1 Bedroom 16.61
2 Bedrooms 29.44
3 Bedrooms 35.81
4 Bedrooms 11.45
5 or more bedrooms 3.30