El Cajon, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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El Cajon, 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

El Cajon Housing Market Information

With a population of 103,679, 32,564 total housing units (homes and apartments), and a median house value of $405,240, real estate costs in El Cajon 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.

Large apartment complexes or high rise apartments are the single most common housing type in El Cajon, accounting for 42.17% of the city's housing units. Other types of housing that are prevalent in El Cajon include single-family detached homes ( 39.50%), duplexes, homes converted to apartments or other small apartment buildings ( 7.85%), and a few mobile homes or trailers ( 5.12%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in El Cajon primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. El Cajon has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in El Cajon 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 El Cajon built between 1940-1969 ( 41.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.26%). There's also some housing in El Cajon built before 1939 ( 1.32%).

El Cajon Home Appreciation Rates

Real estate appreciation rates in El Cajon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

Appreciation rates are so strong in El Cajon that despite a nationwide downturn in the housing market, El Cajon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, El Cajon appreciation rates continue to be some of the highest in America, at 7.62%, which is higher than appreciation rates in 84.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in El Cajon. El Cajon appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.

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

Average Home Values

 

Median Home Value:
$405,240

El Cajon, CA HOME PRICES

Value Range
> $1,275,000 1.0
$956,001 - $1,275,000 2.2
$637,001 - $956,000 14.2
$510,001 - $637,000 13.5
$382,001 - $510,000 23.4
$255,001 - $382,000 14.5
$127,001 - $255,000 10.4
$64,001 - $127,000 5.2
$0 - $64,000 15.5

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
9.26403375131841 53.4391534391534

Number Of Homes And Apartments:
32,564

El Cajon 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
82.74% 3.56% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,633 / per month

Homeownership Rate

Homeownership
Owners 37.22
Renters 62.78
Vacant 4.79

Housing Market Details

 

Age of Homes

AGE OF El Cajon HOMES
2000 or Newer 4.3
1970 - 1999 53.0
1940 - 1969 41.4
1939 or Older 1.3

Types of Homes

TYPE OF El Cajon HOMES
Single-Family 39.5
Townhomes 4.8
Small Apt. Buildings 7.9
Apt. Complexes 42.2
Mobile Homes 5.1
Other 0.6

Home Size

SIZE OF El Cajon HOMES
No Bedroom 2.17
1 Bedroom 20.38
2 Bedrooms 37.87
3 Bedrooms 27.49
4 Bedrooms 10.10
5 or more bedrooms 1.98