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
With a population of 5,289, 2,798 total housing units (homes and apartments), and a median house value of $817,984, Indian Wells house prices are not only among the most expensive in California, Indian Wells real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Indian Wells, accounting for 64.57% of the city's housing units. Other types of housing that are prevalent in Indian Wells include row houses and other attached homes ( 22.38%), large apartment complexes or high rise apartments ( 6.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indian Wells. Owner-occupied housing accounts for 83.45% of Indian Wells's homes, and 67.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Indian Wells 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 Indian Wells built between 2000 and later ( 22.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.97%).
A decent proportion of the Indian Wells housing stock is seasonally occupied. That is, homes and condos in Indian Wells 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 Indian Wells housing market speaks to its popularity as a vacation location of choice.
Indian Wells's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Indian Wells during the period has been just -1.33%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Indian Wells's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Indian Wells's appreciation rate has been 2.02%, which annualizes to a rate of 8.32%.
Importantly, this makes Indian Wells 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 Indian Wells's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
|$897,001 - $1,197,000||16.9|
|$599,001 - $897,000||23.9|
|$479,001 - $599,000||9.2|
|$359,001 - $479,000||14.2|
|$240,001 - $359,000||10.0|
|$120,001 - $240,000||8.0|
|$60,001 - $120,000||1.5|
|$0 - $60,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Indian Wells HOMES|
|2000 or Newer||22.0|
|1970 - 1999||62.5|
|1940 - 1969||15.0|
|1939 or Older||0.5|
|TYPE OF Indian Wells HOMES|
|Small Apt. Buildings||5.6|
|SIZE OF Indian Wells HOMES|
|5 or more bedrooms||1.02|