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 60,089 people, 23,785 houses or apartments, and a median cost of homes of $493,927, 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.
Large apartment complexes or high rise apartments are the single most common housing type in La Mesa, accounting for 42.41% of the city's housing units. Other types of housing that are prevalent in La Mesa include single-family detached homes ( 42.06%), duplexes, homes converted to apartments or other small apartment buildings ( 7.31%), and a few row houses and other attached homes ( 6.80%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in La Mesa primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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 49.42% of the city's housing hails from this era. Other housing ages represented in La Mesa include homes built between 1970-1999 ( 38.75%) and housing constructed between 2000 and later ( 7.24%). There's also some housing in La Mesa built before 1939 ( 4.59%).
Real estate appreciation rates in La Mesa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.
Appreciation rates are so strong in La Mesa that despite a nationwide downturn in the housing market, La Mesa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Mesa appreciation rates continue to be some of the highest in America, at 7.82%, which is higher than appreciation rates in 85.84% 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 Mesa. La Mesa appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.
Importantly, this makes La Mesa 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 La Mesa's latest annual appreciation rate is higher 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.
|$955,001 - $1,274,000||2.3|
|$637,001 - $955,000||18.3|
|$510,001 - $637,000||26.1|
|$382,001 - $510,000||28.3|
|$255,001 - $382,000||11.9|
|$127,001 - $255,000||6.2|
|$64,001 - $127,000||1.6|
|$0 - $64,000||4.7|
|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 La Mesa HOMES|
|2000 or Newer||7.2|
|1970 - 1999||38.7|
|1940 - 1969||49.4|
|1939 or Older||4.6|
|TYPE OF La Mesa HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF La Mesa HOMES|
|5 or more bedrooms||2.08|