Laguna Beach, 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 Q4 2020. 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

Laguna Beach, CA Housing Market Trends

With 22,827 people, 10,235 houses or apartments, and a median cost of homes of $1,767,144, Laguna Beach house prices are not only among the most expensive in California, Laguna Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Laguna Beach, accounting for 69.41% of the city's housing units. Other types of housing that are prevalent in Laguna Beach include large apartment complexes or high rise apartments ( 15.55%), duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), and a few row houses and other attached homes ( 4.69%).

The most prevalent building size and type in Laguna Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.13% owning and 35.87% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Laguna Beach's housing was primarily built during this period, from the '40s through the '60s. A full 43.63% of the city's housing hails from this era. Other housing ages represented in Laguna Beach include homes built between 1970-1999 ( 31.00%) and housing constructed before 1939 ( 19.35%). There's also some housing in Laguna Beach built between 2000 and later ( 6.02%).

Vacant housing appears to be an issue in Laguna Beach. Fully 23.40% of the housing stock is classified as vacant. Left unchecked, vacant Laguna Beach homes and apartments can be a drag on the real estate market, holding Laguna Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Laguna Beach Home Appreciation Rates

Appreciation rates for homes in Laguna Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 52.14%, which ranks in the top 30% nationwide. This equates to an annual average Laguna Beach house appreciation rate of 4.29%.

NeighborhoodScout's data show that during the latest twelve months, Laguna Beach's appreciation rate, at 5.14%, has been at or slightly above the national average. In the latest quarter, Laguna Beach's appreciation rate has been 1.75%, which annualizes to a rate of 7.20%.

Relative to California, our data show that Laguna Beach's latest annual appreciation rate is higher 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 Laguna Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laguna Beach - 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 Laguna Beach real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$1,767,144

Laguna Beach, CA HOME PRICES

> $1,025,000
76.3%
76.3%
$769,001 - $1,025,000
8.0%
8.0%
$513,001 - $769,000
7.3%
7.3%
$410,001 - $513,000
2.0%
2.0%
$308,001 - $410,000
1.3%
1.3%
$205,001 - $308,000
2.1%
2.1%
$103,001 - $205,000
1.2%
1.2%
$51,001 - $103,000
0.2%
0.2%
$0 - $51,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
10,235

Laguna Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
153.19% 4.52%
8
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$3,691 / per month

Homeownership Rate

Owners
64.1%
64.1%
Renters
35.9%
35.9%
Vacant
23.4%
23.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
6.0%
6.0%
1970 - 1999
31.0%
31.0%
1940 - 1969
43.6%
43.6%
1939 or Older
19.3%
19.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.4%
69.4%
Townhomes
4.7%
4.7%
Small Apt. Buildings
8.7%
8.7%
Apt. Complexes
15.6%
15.6%
Mobile Homes
1.7%
1.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.1%
4.1%
1 Bedroom
12.7%
12.7%
2 Bedrooms
31.3%
31.3%
3 Bedrooms
34.3%
34.3%
4 Bedrooms
13.8%
13.8%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES