Hesperia, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hesperia Neighborhoods Since 2000




Hesperia, 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

Hesperia Housing Market Information

With a population of 93,295, 26,253 total housing units (homes and apartments), and a median house value of $239,468, Hesperia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hesperia, accounting for 81.79% of the city's housing units. Other types of housing that are prevalent in Hesperia include large apartment complexes or high rise apartments ( 8.06%), duplexes, homes converted to apartments or other small apartment buildings ( 5.11%), and a few mobile homes or trailers ( 3.48%).

The most prevalent building size and type in Hesperia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.84% owning and 38.16% renting.

There is a lot of housing in Hesperia 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 Hesperia built between 2000 and later ( 22.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.69%).

Hesperia Home Appreciation Rates

Homes have actually lost value in Hesperia over the last then years, as home values have seen a decline of 29.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hesperia home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.

Appreciation rates are so strong in Hesperia that despite a nationwide downturn in the housing market, Hesperia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hesperia appreciation rates continue to be some of the highest in America, at 10.51%, which is higher than appreciation rates in 95.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hesperia. Hesperia appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Hesperia 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 Hesperia's latest annual appreciation rate is higher than 80% 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 Hesperia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hesperia - 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 Hesperia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$239,468

Hesperia, CA HOME PRICES

Value Range
> $1,506,000 0.4
$1,129,001 - $1,506,000 0.5
$753,001 - $1,129,000 1.0
$602,001 - $753,000 2.5
$452,001 - $602,000 5.5
$301,001 - $452,000 18.9
$151,001 - $301,000 50.5
$75,001 - $151,000 15.3
$0 - $75,000 5.6

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
24.1591468416735 79.2328042328042

Number Of Homes And Apartments:
26,253

Hesperia 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
101.01% 4.13% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,387 / per month

Homeownership Rate

Homeownership
Owners 61.84
Renters 38.16
Vacant 8.48

Housing Market Details

 

Age of Homes

AGE OF Hesperia HOMES
2000 or Newer 22.7
1970 - 1999 64.3
1940 - 1969 12.7
1939 or Older 0.3

Types of Homes

TYPE OF Hesperia HOMES
Single-Family 81.8
Townhomes 1.4
Small Apt. Buildings 5.1
Apt. Complexes 8.1
Mobile Homes 3.5
Other 0.2

Home Size

SIZE OF Hesperia HOMES
No Bedroom 1.14
1 Bedroom 4.26
2 Bedrooms 20.10
3 Bedrooms 47.99
4 Bedrooms 22.15
5 or more bedrooms 4.35