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 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.
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.
|$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|
|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 Quinta HOMES|
|2000 or Newer||45.2|
|1970 - 1999||50.3|
|1940 - 1969||4.1|
|1939 or Older||0.4|
|TYPE OF La Quinta HOMES|
|Small Apt. Buildings||4.3|
|SIZE OF La Quinta HOMES|
|5 or more bedrooms||1.96|