La Verne, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Verne, CA Real Estate Data


La Verne Housing Market Information

With a population of 32,681, 10,993 total housing units (homes and apartments), and a median house value of $538,738, 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 64.86% of the city's housing units. Other types of housing that are prevalent in La Verne include mobile homes or trailers ( 13.75%), large apartment complexes or high rise apartments ( 8.44%), and a few row houses and other attached homes ( 6.49%).

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 71.46% of La Verne's homes, and 58.76% 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 ( 23.83%). A lesser amount of the housing stock also hails from before 1939 ( 6.29%). There's also some housing in La Verne built between 2000 and later ( 5.17%).

La Verne Home Appreciation Rates

Real estate appreciation rates in La Verne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

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 6.16%, which is higher than appreciation rates in 76.31% 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 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that La Verne's latest annual appreciation rate is lower than 50% 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:
$538,738

La Verne, CA HOME PRICES

Value Range
> $1,330,000 2.6
$997,001 - $1,330,000 6.4
$665,001 - $997,000 27.2
$532,001 - $665,000 20.8
$399,001 - $532,000 17.2
$266,001 - $399,000 4.9
$133,001 - $266,000 5.5
$67,001 - $133,000 7.6
$0 - $67,000 7.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.18240908824735 35.4029062087186

Number Of Homes And Apartments:
10,993

Rent & Ownership

 

Average Market Rent:
$2,055 / per month

Homeownership Rate

Homeownership
Owners 71.46
Renters 28.54
Vacant 3.81

Housing Market Details

 

Age of Homes

AGE OF La Verne HOMES
2000 or Newer 5.2
1970 - 1999 64.7
1940 - 1969 23.8
1939 or Older 6.3

Types of Homes

TYPE OF La Verne HOMES
Single-Family 64.9
Townhomes 6.5
Small Apt. Buildings 6.3
Apt. Complexes 8.4
Mobile Homes 13.7
Other 0.1

Home Size

SIZE OF La Verne HOMES
No Bedroom 0.11
1 Bedroom 8.44
2 Bedrooms 28.15
3 Bedrooms 30.71
4 Bedrooms 28.05
5 or more bedrooms 4.54

La Verne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
124.44% 4.87% 9 10
* 10 is highest