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 7,657, 3,091 total housing units (homes and apartments), and a median house value of $199,394, Joshua Tree real estate values are some of the lowest in California, although compared to real estate around the nation, Joshua Tree homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Joshua Tree, accounting for 78.71% of the town's housing units. Other types of housing that are prevalent in Joshua Tree include duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), large apartment complexes or high rise apartments ( 6.48%), and a few mobile homes or trailers ( 6.23%).
People in Joshua Tree primarily live in small (one, two or no bedroom) single-family detached homes. Joshua Tree has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Joshua Tree 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 Joshua Tree built between 1940-1969 ( 39.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.54%).
Vacant housing appears to be an issue in Joshua Tree. Fully 23.22% of the housing stock is classified as vacant. Left unchecked, vacant Joshua Tree homes and apartments can be a drag on the real estate market, holding Joshua Tree real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Joshua Tree over the last then years, as home values have seen a decline of 21.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Joshua Tree home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.
Appreciation rates are so strong in Joshua Tree that despite a nationwide downturn in the housing market, Joshua Tree real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Joshua Tree appreciation rates continue to be some of the highest in America, at 10.99%, which is higher than appreciation rates in 96.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Joshua Tree. Joshua Tree appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.
Importantly, this makes Joshua Tree 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 Joshua Tree's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
|$1,039,001 - $1,386,000||0.0|
|$693,001 - $1,039,000||1.4|
|$554,001 - $693,000||1.4|
|$416,001 - $554,000||7.3|
|$277,001 - $416,000||12.1|
|$139,001 - $277,000||50.0|
|$70,001 - $139,000||21.6|
|$0 - $70,000||5.9|
|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 Joshua Tree HOMES|
|2000 or Newer||9.5|
|1970 - 1999||51.0|
|1940 - 1969||39.2|
|1939 or Older||0.2|
|TYPE OF Joshua Tree HOMES|
|Small Apt. Buildings||6.5|
|SIZE OF Joshua Tree HOMES|
|5 or more bedrooms||0.00|