La Verne, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

La Verne, CA Housing Market Trends

With 31,974 people, 11,521 houses or apartments, and a median cost of homes of $680,451, 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 65.58% of the city's housing units. Other types of housing that are prevalent in La Verne include mobile homes or trailers ( 14.13%), large apartment complexes or high rise apartments ( 8.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.97%).

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 72.43% of La Verne's homes, and 60.26% 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 ( 26.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.75%). There's also some housing in La Verne built before 1939 ( 6.14%).

La Verne Home Appreciation Rates

In the last 10 years, La Verne has experienced some of the highest home appreciation rates of any community in the nation. La Verne real estate appreciated 71.46% over the last ten years, which is an average annual home appreciation rate of 5.54%, putting La Verne in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Verne definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, La Verne appreciation rates have trailed the rest of the nation. In the last twelve months, La Verne's appreciation rate has been 8.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Verne were at 3.14%, which equates to an annual appreciation rate of 13.17%.

Relative to California, our data show that La Verne's latest annual appreciation rate is lower than 60% 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.

Average Home Values

 

Median Home Value:
$680,451

La Verne, CA HOME PRICES

> $1,238,000
6.1%
6.1%
$929,001 - $1,238,000
12.5%
12.5%
$619,001 - $929,000
48.1%
48.1%
$495,001 - $619,000
8.8%
8.8%
$372,001 - $495,000
6.8%
6.8%
$247,001 - $372,000
3.0%
3.0%
$124,001 - $247,000
4.4%
4.4%
$62,001 - $124,000
5.6%
5.6%
$0 - $62,000
4.7%
4.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
11,521

La Verne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
174.47% 4.81%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,594 / per month

Homeownership Rate

Owners
72.4%
72.4%
Renters
27.6%
27.6%
Vacant
4.0%
4.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.8%
7.8%
1970 - 1999
60.0%
60.0%
1940 - 1969
26.1%
26.1%
1939 or Older
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.6%
65.6%
Townhomes
5.6%
5.6%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
8.8%
8.8%
Mobile Homes
14.1%
14.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
6.9%
6.9%
2 Bedrooms
26.7%
26.7%
3 Bedrooms
33.4%
33.4%
4 Bedrooms
26.9%
26.9%
5 or more bedrooms
4.6%
4.6%
0.0% 100.0%
% OF HOMES