El Centro, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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El Centro, CA Real Estate Data


El Centro Housing Market Information

With a population of 43,956, 12,752 total housing units (homes and apartments), and a median house value of $178,494, El Centro real estate values are some of the lowest in California, although compared to real estate around the nation, El Centro homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in El Centro, accounting for 59.18% of the city's housing units. Other types of housing that are prevalent in El Centro include large apartment complexes or high rise apartments ( 18.40%), duplexes, homes converted to apartments or other small apartment buildings ( 11.44%), and a few mobile homes or trailers ( 7.46%).

The most prevalent building size and type in El Centro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.94% owning and 51.06% renting.

There is a lot of housing in El Centro 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 Centro built between 1940-1969 ( 37.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.98%). There's also some housing in El Centro built before 1939 ( 4.02%).

Vacant housing appears to be an issue in El Centro. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant El Centro homes and apartments can be a drag on the real estate market, holding El Centro 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.

El Centro Home Appreciation Rates

Homes have actually lost value in El Centro over the last then years, as home values have seen a decline of 26.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows El Centro home appreciation rates at 2.64%, which equates to an annual appreciation rate of 10.97%.

Appreciation rates are so strong in El Centro that despite a nationwide downturn in the housing market, El Centro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, El Centro appreciation rates continue to be some of the highest in America, at 7.25%, which is higher than appreciation rates in 86.66% 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 Centro. El Centro appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.97%.

Importantly, this makes El Centro 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 Centro's latest annual appreciation rate is higher than 60% 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 Centro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in El Centro - 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 Centro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$178,494

El Centro, CA HOME PRICES

Value Range
> $1,362,000 0.4
$1,022,001 - $1,362,000 0.0
$681,001 - $1,022,000 0.7
$545,001 - $681,000 0.9
$409,001 - $545,000 4.8
$272,001 - $409,000 13.7
$136,001 - $272,000 46.6
$68,001 - $136,000 19.6
$0 - $68,000 13.3

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
39.8781987468525 92.4702774108322

Number Of Homes And Apartments:
12,752

Rent & Ownership

 

Average Market Rent:
$1,142 / per month

Homeownership Rate

Homeownership
Owners 48.94
Renters 51.06
Vacant 11.41

Housing Market Details

 

Age of Homes

AGE OF El Centro HOMES
2000 or Newer 16.0
1970 - 1999 42.1
1940 - 1969 37.9
1939 or Older 4.0

Types of Homes

TYPE OF El Centro HOMES
Single-Family 59.2
Townhomes 3.4
Small Apt. Buildings 11.4
Apt. Complexes 18.4
Mobile Homes 7.5
Other 0.1

Home Size

SIZE OF El Centro HOMES
No Bedroom 3.28
1 Bedroom 17.42
2 Bedrooms 24.35
3 Bedrooms 32.42
4 Bedrooms 19.22
5 or more bedrooms 3.32

El Centro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
56.03% 2.65% 2 7
* 10 is highest