La Mesa, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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, CA Housing Market Trends

With 59,249 people, 23,288 houses or apartments, and a median cost of homes of $659,179, 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 45.78% of the city's housing units. Other types of housing that are prevalent in La Mesa include large apartment complexes or high rise apartments ( 38.35%), duplexes, homes converted to apartments or other small apartment buildings ( 8.68%), and a few row houses and other attached homes ( 6.07%).

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 48.78% of the city's housing hails from this era. Other housing ages represented in La Mesa include homes built between 1970-1999 ( 37.67%) and housing constructed between 2000 and later ( 8.44%). There's also some housing in La Mesa built before 1939 ( 5.11%).

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 89.49% over the last ten years, which is an average annual home appreciation rate of 6.60%, putting La Mesa in the top 10% 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.

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 10.39%, which is higher than appreciation rates in 70.30% 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 4.00%, which equates to an annual appreciation rate of 16.98%.

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.

Average Home Values

 

Median Home Value:
$659,179

La Mesa, CA HOME PRICES

> $1,292,000
1.7%
1.7%
$970,001 - $1,292,000
5.7%
5.7%
$646,001 - $970,000
48.3%
48.3%
$517,001 - $646,000
22.8%
22.8%
$388,001 - $517,000
11.6%
11.6%
$258,001 - $388,000
5.8%
5.8%
$129,001 - $258,000
1.9%
1.9%
$65,001 - $129,000
0.5%
0.5%
$0 - $65,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
23,288

La Mesa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
160.93% 4.56%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,553 / per month

Homeownership Rate

Owners
41.0%
41.0%
Renters
59.0%
59.0%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.4%
8.4%
1970 - 1999
37.7%
37.7%
1940 - 1969
48.8%
48.8%
1939 or Older
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
45.8%
45.8%
Townhomes
6.1%
6.1%
Small Apt. Buildings
8.7%
8.7%
Apt. Complexes
38.3%
38.3%
Mobile Homes
0.8%
0.8%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.6%
4.6%
1 Bedroom
19.9%
19.9%
2 Bedrooms
33.4%
33.4%
3 Bedrooms
30.6%
30.6%
4 Bedrooms
9.4%
9.4%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES