La Mesa CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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La Mesa, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

La Mesa Housing Market Information

With a population of 59,249, 23,298 total housing units (homes and apartments), and a median house value of $611,008, real estate costs in La Mesa 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 La Mesa, accounting for 45.20% of the city's housing units. Other types of housing that are prevalent in La Mesa include large apartment complexes or high rise apartments ( 39.00%), duplexes, homes converted to apartments or other small apartment buildings ( 8.61%), and a few row houses and other attached homes ( 6.39%).

People in La Mesa primarily live in small (one, two or no bedroom) single-family detached homes. La Mesa has a mixture of owner-occupied and renter-occupied housing.

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 Mesa's housing was primarily built during this period, from the '40s through the '60s. A full 48.73% of the city's housing hails from this era. Other housing ages represented in La Mesa include homes built between 1970-1999 ( 38.40%) and housing constructed between 2000 and later ( 7.91%). There's also some housing in La Mesa built before 1939 ( 4.96%).

La Mesa Home Appreciation Rates

In the last 10 years, La Mesa has experienced some of the highest home appreciation rates of any community in the nation. La Mesa real estate appreciated 63.63% over the last ten years, which is an average annual home appreciation rate of 5.05%, putting La Mesa in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Mesa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, La Mesa's appreciation rate, at 3.81%, has been at or slightly above the national average. In the latest quarter, La Mesa's appreciation rate has been 1.76%, which annualizes to a rate of 7.25%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within La Mesa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Mesa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best La Mesa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$611,008

La Mesa, CA HOME PRICES

Value Range
> $1,238,000 1.2
$929,001 - $1,238,000 5.6
$619,001 - $929,000 40.9
$495,001 - $619,000 27.4
$372,001 - $495,000 13.1
$248,001 - $372,000 6.5
$124,001 - $248,000 2.5
$62,001 - $124,000 0.5
$0 - $62,000 2.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.08029197080292 34.8623853211009

Number Of Homes And Apartments:
23,298

La Mesa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
138.38% 4.28%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,271 / per month

Homeownership Rate

Homeownership
Owners 40.63
Renters 59.37
Vacant 6.43

Housing Market Details

 

Age of Homes

AGE OF La Mesa HOMES
2000 or Newer 7.9
1970 - 1999 38.4
1940 - 1969 48.7
1939 or Older 5.0

Types of Homes

TYPE OF La Mesa HOMES
Single-Family 45.2
Townhomes 6.4
Small Apt. Buildings 8.6
Apt. Complexes 39.0
Mobile Homes 0.5
Other 0.3

Home Size

SIZE OF La Mesa HOMES
No Bedroom 4.91
1 Bedroom 19.86
2 Bedrooms 33.90
3 Bedrooms 29.87
4 Bedrooms 9.67
5 or more bedrooms 1.79