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 32,267 people, 10,334 houses or apartments, and a median cost of homes of $894,982, 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 63.45% of the town's housing units. Other types of housing that are prevalent in Fallbrook include large apartment complexes or high rise apartments ( 22.47%), mobile homes or trailers ( 5.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.16%).
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 58.23% owning and 41.77% 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 ( 26.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.00%). There's also some housing in Fallbrook built before 1939 ( 1.23%).
Appreciation rates for homes in Fallbrook have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 116.33%, which ranks in the top 30% nationwide. This equates to an annual average Fallbrook house appreciation rate of 8.02%.
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 12.85%, which is higher than appreciation rates in 78.28% 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 5.16%, which equates to an annual appreciation rate of 22.29%.
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 higher 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.
$894,982
for California
for nation
10,334
$2,920 / per month