La Quinta, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating La Quinta Neighborhoods Since 2000




La Quinta, 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 Quinta Housing Market Information

With a population of 40,476, 15,210 total housing units (homes and apartments), and a median house value of $364,519, real estate costs in La Quinta 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 Quinta, accounting for 80.50% of the city's housing units. Other types of housing that are prevalent in La Quinta include row houses and other attached homes ( 9.45%), large apartment complexes or high rise apartments ( 5.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.27%).

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 Quinta. Owner-occupied housing accounts for 70.16% of La Quinta's homes, and 74.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Quinta 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 Quinta built between 2000 and later ( 45.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.08%).

A decent proportion of the La Quinta housing stock is seasonally occupied. That is, homes and condos in La Quinta are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the La Quinta housing market speaks to its popularity as a vacation location of choice.

La Quinta Home Appreciation Rates

Homes have actually lost value in La Quinta over the last then years, as home values have seen a decline of 21.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows La Quinta home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.

NeighborhoodScout's data show that during the latest twelve months, La Quinta's appreciation rate, at 4.82%, has been at or slightly above the national average. In the latest quarter, La Quinta's appreciation rate has been 2.02%, which annualizes to a rate of 8.32%.

Importantly, this makes La Quinta 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 Quinta's latest annual appreciation rate is lower than 80% 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 Quinta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Quinta - 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 Quinta real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$364,519

La Quinta, CA HOME PRICES

Value Range
> $1,276,000 7.0
$957,001 - $1,276,000 7.6
$638,001 - $957,000 10.8
$510,001 - $638,000 8.4
$383,001 - $510,000 14.7
$255,001 - $383,000 24.4
$128,001 - $255,000 17.8
$64,001 - $128,000 4.5
$0 - $64,000 4.7

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
11.2328606586195 58.3333333333333

Number Of Homes And Apartments:
15,210

La Quinta 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
75.61% 3.32% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,665 / per month

Homeownership Rate

Homeownership
Owners 70.16
Renters 29.84
Vacant 36.95

Housing Market Details

 

Age of Homes

AGE OF La Quinta HOMES
2000 or Newer 45.2
1970 - 1999 50.3
1940 - 1969 4.1
1939 or Older 0.4

Types of Homes

TYPE OF La Quinta HOMES
Single-Family 80.5
Townhomes 9.5
Small Apt. Buildings 4.3
Apt. Complexes 5.0
Mobile Homes 0.7
Other 0.1

Home Size

SIZE OF La Quinta HOMES
No Bedroom 1.41
1 Bedroom 5.56
2 Bedrooms 16.98
3 Bedrooms 53.57
4 Bedrooms 20.53
5 or more bedrooms 1.96