La Mesa, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating La Mesa Neighborhoods Since 2000




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 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 Mesa Housing Market Information

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%).

La Mesa Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$493,927

La Mesa, CA HOME PRICES

Value Range
> $1,274,000 0.5
$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

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.07640923473573 40.4761904761905

Number Of Homes And Apartments:
23,785

La Mesa 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
97.65% 4.03% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,838 / per month

Homeownership Rate

Homeownership
Owners 42.18
Renters 57.82
Vacant 5.56

Housing Market Details

 

Age of Homes

AGE OF La Mesa HOMES
2000 or Newer 7.2
1970 - 1999 38.7
1940 - 1969 49.4
1939 or Older 4.6

Types of Homes

TYPE OF La Mesa HOMES
Single-Family 42.1
Townhomes 6.8
Small Apt. Buildings 7.3
Apt. Complexes 42.4
Mobile Homes 1.0
Other 0.4

Home Size

SIZE OF La Mesa HOMES
No Bedroom 4.30
1 Bedroom 22.82
2 Bedrooms 34.55
3 Bedrooms 28.28
4 Bedrooms 7.96
5 or more bedrooms 2.08