Gardena, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gardena Neighborhoods Since 2000




Gardena, 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

Gardena Housing Market Information

With 60,447 people, 20,897 houses or apartments, and a median cost of homes of $475,112, real estate costs in Gardena 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 Gardena, accounting for 46.88% of the city's housing units. Other types of housing that are prevalent in Gardena include large apartment complexes or high rise apartments ( 29.39%), duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), and a few row houses and other attached homes ( 7.66%).

People in Gardena primarily live in small (one, two or no bedroom) single-family detached homes. Gardena has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gardena's housing was primarily built during this period, from the '40s through the '60s. A full 61.23% of the city's housing hails from this era. Other housing ages represented in Gardena include homes built between 1970-1999 ( 29.80%) and housing constructed before 1939 ( 5.41%). There's also some housing in Gardena built between 2000 and later ( 3.55%).

Gardena Home Appreciation Rates

Gardena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gardena during the period has been just -0.81%, which is lower than 70% of US communities.

Appreciation rates are so strong in Gardena that despite a nationwide downturn in the housing market, Gardena real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gardena appreciation rates continue to be some of the highest in America, at 9.33%, which is higher than appreciation rates in 91.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gardena. Gardena appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Gardena 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 Gardena'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 city. Individual neighborhoods within Gardena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gardena - 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 Gardena real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$475,112

Gardena, CA HOME PRICES

Value Range
> $1,332,000 0.9
$999,001 - $1,332,000 1.8
$666,001 - $999,000 10.3
$533,001 - $666,000 21.2
$400,001 - $533,000 33.7
$266,001 - $400,000 16.3
$133,001 - $266,000 6.6
$67,001 - $133,000 2.8
$0 - $67,000 6.3

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.62721200046877 42.3280423280423

Number Of Homes And Apartments:
20,897

Gardena 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
135.24% 5.08% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,537 / per month

Homeownership Rate

Homeownership
Owners 50.54
Renters 49.46
Vacant 4.42

Housing Market Details

 

Age of Homes

AGE OF Gardena HOMES
2000 or Newer 3.6
1970 - 1999 29.8
1940 - 1969 61.2
1939 or Older 5.4

Types of Homes

TYPE OF Gardena HOMES
Single-Family 46.9
Townhomes 7.7
Small Apt. Buildings 10.8
Apt. Complexes 29.4
Mobile Homes 5.2
Other 0.1

Home Size

SIZE OF Gardena HOMES
No Bedroom 3.23
1 Bedroom 15.35
2 Bedrooms 37.39
3 Bedrooms 34.87
4 Bedrooms 7.79
5 or more bedrooms 1.37