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
With a population of 31,707, 10,487 total housing units (homes and apartments), and a median house value of $453,679, real estate costs in Fallbrook 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 Fallbrook, accounting for 68.34% of the town's housing units. Other types of housing that are prevalent in Fallbrook include large apartment complexes or high rise apartments ( 20.26%), duplexes, homes converted to apartments or other small apartment buildings ( 6.22%), and a few mobile homes or trailers ( 3.69%).
The most prevalent building size and type in Fallbrook are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.80% owning and 42.20% renting.
There is a lot of housing in Fallbrook 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 Fallbrook built between 1940-1969 ( 21.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.29%). There's also some housing in Fallbrook built before 1939 ( 1.52%).
Fallbrook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fallbrook during the period has been just -1.24%, which is lower than 70% of US communities.
Appreciation rates are so strong in Fallbrook that despite a nationwide downturn in the housing market, Fallbrook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fallbrook appreciation rates continue to be some of the highest in America, at 6.20%, which is higher than appreciation rates in 75.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fallbrook. Fallbrook appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.
Importantly, this makes Fallbrook one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Fallbrook's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Fallbrook differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fallbrook - 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 Fallbrook real estate investment or home purchase decisions.
|$946,001 - $1,261,000||4.5|
|$630,001 - $946,000||17.9|
|$504,001 - $630,000||19.3|
|$378,001 - $504,000||26.0|
|$252,001 - $378,000||18.3|
|$126,001 - $252,000||6.6|
|$63,001 - $126,000||2.0|
|$0 - $63,000||3.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fallbrook HOMES|
|2000 or Newer||15.3|
|1970 - 1999||62.0|
|1940 - 1969||21.2|
|1939 or Older||1.5|
|TYPE OF Fallbrook HOMES|
|Small Apt. Buildings||6.2|
|SIZE OF Fallbrook HOMES|
|5 or more bedrooms||4.21|