Idyllwild-Pine Cove, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Idyllwild-Pine Cove Neighborhoods Since 2000




Idyllwild-Pine Cove, 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

Idyllwild-Pine Cove Housing Market Information

With 4,153 people, 1,209 houses or apartments, and a median cost of homes of $361,943, real estate costs in Idyllwild-Pine Cove 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 Idyllwild-Pine Cove, accounting for 92.59% of the town's housing units. Other types of housing that are prevalent in Idyllwild-Pine Cove include mobile homes or trailers ( 5.88%).

Dwellings in Idyllwild-Pine Cove tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.21% of the homes in Idyllwild-Pine Cove have two or fewer bedrooms.

There is a lot of housing in Idyllwild-Pine Cove 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 Idyllwild-Pine Cove built between 1940-1969 ( 44.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.30%). There's also some housing in Idyllwild-Pine Cove built before 1939 ( 4.54%).

A decent proportion of the Idyllwild-Pine Cove housing stock is seasonally occupied. That is, homes and condos in Idyllwild-Pine Cove are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Idyllwild-Pine Cove housing market speaks to its popularity as a vacation location of choice.

Idyllwild-Pine Cove Home Appreciation Rates

Idyllwild-Pine Cove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Idyllwild-Pine Cove during the period has been just -2.04%, which is lower than 80% of US communities.

Appreciation rates are so strong in Idyllwild-Pine Cove that despite a nationwide downturn in the housing market, Idyllwild-Pine Cove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Idyllwild-Pine Cove appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 82.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Idyllwild-Pine Cove. Idyllwild-Pine Cove appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Idyllwild-Pine Cove 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 Idyllwild-Pine Cove's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$361,943

Idyllwild-Pine Cove, CA HOME PRICES

Value Range
> $1,298,000 0.0
$973,001 - $1,298,000 2.6
$649,001 - $973,000 2.1
$519,001 - $649,000 11.7
$390,001 - $519,000 14.8
$260,001 - $390,000 43.4
$130,001 - $260,000 14.8
$65,001 - $130,000 2.2
$0 - $65,000 8.2

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
11.3441931325442 58.5978835978836

Number Of Homes And Apartments:
1,209

Idyllwild-Pine Cove 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
96.61% 4.00% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,381 / per month

Homeownership Rate

Homeownership
Owners 68.69
Renters 31.31
Vacant 70.63

Housing Market Details

 

Age of Homes

AGE OF Idyllwild-Pine Cove HOMES
2000 or Newer 5.3
1970 - 1999 45.7
1940 - 1969 44.5
1939 or Older 4.5

Types of Homes

TYPE OF Idyllwild-Pine Cove HOMES
Single-Family 92.6
Townhomes 0.0
Small Apt. Buildings 0.9
Apt. Complexes 0.7
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Idyllwild-Pine Cove HOMES
No Bedroom 2.55
1 Bedroom 14.36
2 Bedrooms 42.30
3 Bedrooms 33.50
4 Bedrooms 5.39
5 or more bedrooms 1.90

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