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 a population of 49,520, 14,325 total housing units (homes and apartments), and a median house value of $527,655, real estate costs in La Mirada 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 Mirada, accounting for 78.35% of the city's housing units. Other types of housing that are prevalent in La Mirada include large apartment complexes or high rise apartments ( 14.51%), row houses and other attached homes ( 3.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).
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 Mirada. Owner-occupied housing accounts for 72.78% of La Mirada's homes, and 72.78% 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 Mirada's housing was primarily built during this period, from the '40s through the '60s. A full 64.88% of the city's housing hails from this era. Other housing ages represented in La Mirada include homes built between 1970-1999 ( 31.60%) and housing constructed between 2000 and later ( 2.97%).
Real estate appreciation rates in La Mirada's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.45% during the period.
Appreciation rates are so strong in La Mirada that despite a nationwide downturn in the housing market, La Mirada real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Mirada appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 86.43% 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 Mirada. La Mirada appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes La Mirada 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 Mirada'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 Mirada differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Mirada - 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 Mirada real estate investment or home purchase decisions.
|$972,001 - $1,296,000||2.6|
|$648,001 - $972,000||19.8|
|$519,001 - $648,000||33.5|
|$389,001 - $519,000||30.6|
|$259,001 - $389,000||6.1|
|$130,001 - $259,000||2.4|
|$65,001 - $130,000||0.7|
|$0 - $65,000||3.4|
|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 Mirada HOMES|
|2000 or Newer||3.0|
|1970 - 1999||31.6|
|1940 - 1969||64.9|
|1939 or Older||0.5|
|TYPE OF La Mirada HOMES|
|Small Apt. Buildings||1.9|
|SIZE OF La Mirada HOMES|
|5 or more bedrooms||4.67|