Indian Wells, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Indian Wells, CA Real Estate Data


Indian Wells Housing Market Information

With a population of 5,289, 2,744 total housing units (homes and apartments), and a median house value of $731,963, real estate costs in Indian Wells 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 Indian Wells, accounting for 64.82% of the city's housing units. Other types of housing that are prevalent in Indian Wells include row houses and other attached homes ( 20.14%), large apartment complexes or high rise apartments ( 8.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.02%).

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 80.87% of Indian Wells's homes, and 66.94% 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 ( 20.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.15%).

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 Home Appreciation Rates

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 -1.31%, which is lower than 80% of US communities.

Appreciation rates are so strong in Indian Wells that despite a nationwide downturn in the housing market, Indian Wells real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Indian Wells appreciation rates continue to be some of the highest in America, at 6.19%, which is higher than appreciation rates in 76.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Indian Wells. Indian Wells appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Indian Wells's latest annual appreciation rate is lower than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$731,963

Indian Wells, CA HOME PRICES

Value Range
> $1,338,000 12.9
$1,003,001 - $1,338,000 16.4
$669,001 - $1,003,000 23.8
$535,001 - $669,000 10.0
$401,001 - $535,000 13.7
$268,001 - $401,000 9.7
$134,001 - $268,000 10.2
$67,001 - $134,000 1.4
$0 - $67,000 1.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.57656497042806 22.8533685601057

Number Of Homes And Apartments:
2,744

Rent & Ownership

 

Average Market Rent:
$1,756 / per month

Homeownership Rate

Homeownership
Owners 80.87
Renters 19.13
Vacant 50.40

Housing Market Details

 

Age of Homes

AGE OF Indian Wells HOMES
2000 or Newer 20.3
1970 - 1999 64.9
1940 - 1969 14.2
1939 or Older 0.6

Types of Homes

TYPE OF Indian Wells HOMES
Single-Family 64.8
Townhomes 20.1
Small Apt. Buildings 6.0
Apt. Complexes 8.4
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Indian Wells HOMES
No Bedroom 2.19
1 Bedroom 5.98
2 Bedrooms 23.97
3 Bedrooms 45.57
4 Bedrooms 21.37
5 or more bedrooms 0.92

Indian Wells 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
83.92% 3.65% 6 9
* 10 is highest

Popular Neighborhoods in Indian Wells

Zip Codes in Indian Wells, CA