Gardena, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gardena, CA Real Estate Data


Gardena Housing Market Information

With 60,447 people, 20,658 houses or apartments, and a median cost of homes of $436,378, 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 47.46% of the city's housing units. Other types of housing that are prevalent in Gardena include large apartment complexes or high rise apartments ( 29.43%), duplexes, homes converted to apartments or other small apartment buildings ( 10.89%), and a few row houses and other attached homes ( 7.09%).

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 62.89% of the city's housing hails from this era. Other housing ages represented in Gardena include homes built between 1970-1999 ( 28.90%) and housing constructed before 1939 ( 5.10%). There's also some housing in Gardena built between 2000 and later ( 3.11%).

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 -1.40%, which is lower than 80% 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 6.07%, which is higher than appreciation rates in 75.14% 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 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Gardena's latest annual appreciation rate is lower 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 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:
$436,378

Gardena, CA HOME PRICES

Value Range
> $1,338,000 0.6
$1,003,001 - $1,338,000 0.8
$669,001 - $1,003,000 9.3
$535,001 - $669,000 18.4
$401,001 - $535,000 35.3
$268,001 - $401,000 18.7
$134,001 - $268,000 7.2
$67,001 - $134,000 2.6
$0 - $67,000 7.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.09275633893541 47.1598414795244

Number Of Homes And Apartments:
20,658

Rent & Ownership

 

Average Market Rent:
$1,493 / per month

Homeownership Rate

Homeownership
Owners 49.55
Renters 50.45
Vacant 5.09

Housing Market Details

 

Age of Homes

AGE OF Gardena HOMES
2000 or Newer 3.1
1970 - 1999 28.9
1940 - 1969 62.9
1939 or Older 5.1

Types of Homes

TYPE OF Gardena HOMES
Single-Family 47.5
Townhomes 7.1
Small Apt. Buildings 10.9
Apt. Complexes 29.4
Mobile Homes 5.0
Other 0.1

Home Size

SIZE OF Gardena HOMES
No Bedroom 2.98
1 Bedroom 16.43
2 Bedrooms 37.35
3 Bedrooms 34.38
4 Bedrooms 7.26
5 or more bedrooms 1.60

Gardena 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
122.38% 4.81% 9 10
* 10 is highest