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 7,679 people, 1,842 houses or apartments, and a median cost of homes of $346,745, Earlimart real estate values are some of the lowest in California, although compared to real estate around the nation, Earlimart homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Earlimart, accounting for 78.42% of the town's housing units. Other types of housing that are prevalent in Earlimart include mobile homes or trailers ( 7.06%), large apartment complexes or high rise apartments ( 6.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.52%).
The most prevalent building size and type in Earlimart are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 50.32% owning and 49.68% renting.
There is a lot of housing in Earlimart 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 Earlimart built between 1940-1969 ( 20.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.67%). There's also some housing in Earlimart built before 1939 ( 4.37%).
In the last 10 years, Earlimart has experienced some of the highest home appreciation rates of any community in the nation. Earlimart real estate appreciated 132.04% over the last ten years, which is an average annual home appreciation rate of 8.78%, putting Earlimart in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Earlimart 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, Earlimart appreciation rates have trailed the rest of the nation. In the last twelve months, Earlimart's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Earlimart were at 1.67%, which equates to an annual appreciation rate of 6.83%.
Relative to California, our data show that Earlimart's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
$346,745
$1,391 / per month