La Palma, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Palma Neighborhoods Since 2000




La Palma, 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 Palma Housing Market Information

With a population of 15,904, 5,043 total housing units (homes and apartments), and a median house value of $692,657, real estate costs in La Palma 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 Palma, accounting for 68.40% of the city's housing units. Other types of housing that are prevalent in La Palma include large apartment complexes or high rise apartments ( 19.80%), row houses and other attached homes ( 9.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.45%).

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 Palma. Owner-occupied housing accounts for 68.62% of La Palma's homes, and 63.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Palma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in La Palma built between 1940-1969 ( 43.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 1.73%).

La Palma Home Appreciation Rates

Real estate appreciation rates in La Palma's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, La Palma's appreciation rate, at 5.07%, has been at or slightly above the national average. In the latest quarter, La Palma's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.

Importantly, this makes La Palma 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 Palma's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$692,657

La Palma, CA HOME PRICES

Value Range
> $1,222,000 0.7
$917,001 - $1,222,000 4.5
$611,001 - $917,000 59.8
$489,001 - $611,000 18.5
$366,001 - $489,000 11.0
$244,001 - $366,000 1.9
$122,001 - $244,000 0.7
$61,001 - $122,000 0.9
$0 - $61,000 2.0

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.73057541310207 23.8095238095238

Number Of Homes And Apartments:
5,043

La Palma 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
117.89% 4.62% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,043 / per month

Homeownership Rate

Homeownership
Owners 68.62
Renters 31.38
Vacant 1.14

Housing Market Details

 

Age of Homes

AGE OF La Palma HOMES
2000 or Newer 1.7
1970 - 1999 54.2
1940 - 1969 43.6
1939 or Older 0.5

Types of Homes

TYPE OF La Palma HOMES
Single-Family 68.4
Townhomes 9.2
Small Apt. Buildings 2.5
Apt. Complexes 19.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF La Palma HOMES
No Bedroom 0.67
1 Bedroom 4.84
2 Bedrooms 21.78
3 Bedrooms 30.46
4 Bedrooms 33.03
5 or more bedrooms 9.21