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 32,681 people, 11,186 houses or apartments, and a median cost of homes of $504,478, real estate costs in La Verne 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 Verne, accounting for 64.89% of the city's housing units. Other types of housing that are prevalent in La Verne include mobile homes or trailers ( 14.73%), large apartment complexes or high rise apartments ( 8.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.29%).
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 Verne. Owner-occupied housing accounts for 70.78% of La Verne's homes, and 59.02% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in La Verne 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 Verne built between 1940-1969 ( 24.42%). A lesser amount of the housing stock also hails from before 1939 ( 7.00%). There's also some housing in La Verne built between 2000 and later ( 5.78%).
Appreciation rates for homes in La Verne have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.80%, which ranks in the top 50% nationwide. This equates to an annual average La Verne house appreciation rate of 0.28%.
Appreciation rates are so strong in La Verne that despite a nationwide downturn in the housing market, La Verne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Verne appreciation rates continue to be some of the highest in America, at 6.31%, which is higher than appreciation rates in 76.60% 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 Verne. La Verne appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes La Verne 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 Verne's latest annual appreciation rate is lower than 70% 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 Verne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Verne - 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 Verne real estate investment or home purchase decisions.
|$971,001 - $1,296,000||6.6|
|$647,001 - $971,000||31.9|
|$518,001 - $647,000||19.3|
|$389,001 - $518,000||15.5|
|$259,001 - $389,000||4.5|
|$130,001 - $259,000||4.6|
|$65,001 - $130,000||7.3|
|$0 - $65,000||8.0|
|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 Verne HOMES|
|2000 or Newer||5.8|
|1970 - 1999||62.8|
|1940 - 1969||24.4|
|1939 or Older||7.0|
|TYPE OF La Verne HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF La Verne HOMES|
|5 or more bedrooms||4.06|