La Crescenta-Montrose, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating La Crescenta-Montrose Neighborhoods Since 2000




La Crescenta-Montrose, 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

La Crescenta-Montrose Housing Market Information

With a population of 20,230, 6,951 total housing units (homes and apartments), and a median house value of $853,299, La Crescenta-Montrose house prices are not only among the most expensive in California, La Crescenta-Montrose 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 La Crescenta-Montrose, accounting for 70.20% of the town's housing units. Other types of housing that are prevalent in La Crescenta-Montrose include large apartment complexes or high rise apartments ( 19.41%), duplexes, homes converted to apartments or other small apartment buildings ( 6.90%), and a few row houses and other attached homes ( 3.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Crescenta-Montrose. Owner-occupied housing accounts for 65.96% of La Crescenta-Montrose's homes, and 54.32% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. La Crescenta-Montrose's housing was primarily built during this period, from the '40s through the '60s. A full 59.15% of the town's housing hails from this era. Other housing ages represented in La Crescenta-Montrose include homes built between 1970-1999 ( 21.73%) and housing constructed before 1939 ( 15.40%). There's also some housing in La Crescenta-Montrose built between 2000 and later ( 3.71%).

La Crescenta-Montrose Home Appreciation Rates

Appreciation rates for homes in La Crescenta-Montrose have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.25%, which ranks in the top 30% nationwide. This equates to an annual average La Crescenta-Montrose house appreciation rate of 1.25%.

Appreciation rates are so strong in La Crescenta-Montrose that despite a nationwide downturn in the housing market, La Crescenta-Montrose real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Crescenta-Montrose appreciation rates continue to be some of the highest in America, at 7.67%, which is higher than appreciation rates in 85.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in La Crescenta-Montrose. La Crescenta-Montrose appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes La Crescenta-Montrose 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 La Crescenta-Montrose's latest annual appreciation rate is lower than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$853,299

La Crescenta-Montrose, CA HOME PRICES

Value Range
> $1,299,000 8.0
$974,001 - $1,299,000 23.8
$650,001 - $974,000 38.3
$520,001 - $650,000 16.3
$390,001 - $520,000 7.9
$260,001 - $390,000 2.2
$130,001 - $260,000 2.7
$65,001 - $130,000 0.5
$0 - $65,000 0.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.61139106996367 16.1375661375661

Number Of Homes And Apartments:
6,951

La Crescenta-Montrose 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
143.73% 5.30% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,220 / per month

Homeownership Rate

Homeownership
Owners 65.96
Renters 34.04
Vacant 7.46

Housing Market Details

 

Age of Homes

AGE OF La Crescenta-Montrose HOMES
2000 or Newer 3.7
1970 - 1999 21.7
1940 - 1969 59.2
1939 or Older 15.4

Types of Homes

TYPE OF La Crescenta-Montrose HOMES
Single-Family 70.2
Townhomes 3.5
Small Apt. Buildings 6.9
Apt. Complexes 19.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF La Crescenta-Montrose HOMES
No Bedroom 1.84
1 Bedroom 14.83
2 Bedrooms 26.76
3 Bedrooms 39.74
4 Bedrooms 14.58
5 or more bedrooms 2.25

Popular Neighborhoods in La Crescenta-Montrose

Zip Codes in La Crescenta-Montrose, CA