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 16,406, 11,306 total housing units (homes and apartments), and a median house value of $289,423, Laguna Woods real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Laguna Woods, accounting for 49.88% of the city's housing units. Other types of housing that are prevalent in Laguna Woods include row houses and other attached homes ( 25.82%), duplexes, homes converted to apartments or other small apartment buildings ( 19.01%), and a few single-family detached homes ( 4.88%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Dwellings in Laguna Woods tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 90.07% of the homes in Laguna Woods have two or fewer bedrooms.
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 Woods's housing was primarily built during this period, from the '40s through the '60s. A full 58.49% of the city's housing hails from this era. Other housing ages represented in Laguna Woods include homes built between 1970-1999 ( 39.30%) and housing constructed between 2000 and later ( 1.76%).
Vacant housing appears to be an issue in Laguna Woods. Fully 13.47% of the housing stock is classified as vacant. Left unchecked, vacant Laguna Woods homes and apartments can be a drag on the real estate market, holding Laguna Woods 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.
Real estate appreciation rates in Laguna Woods's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.
Appreciation rates are so strong in Laguna Woods that despite a nationwide downturn in the housing market, Laguna Woods real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Laguna Woods appreciation rates continue to be some of the highest in America, at 6.91%, which is higher than appreciation rates in 80.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Laguna Woods. Laguna Woods appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes Laguna Woods 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 Laguna Woods's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
|$943,001 - $1,257,000||1.3|
|$629,001 - $943,000||7.7|
|$503,001 - $629,000||7.6|
|$377,001 - $503,000||14.5|
|$252,001 - $377,000||25.1|
|$126,001 - $252,000||30.4|
|$63,001 - $126,000||7.7|
|$0 - $63,000||3.9|
|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 Laguna Woods HOMES|
|2000 or Newer||1.8|
|1970 - 1999||39.3|
|1940 - 1969||58.5|
|1939 or Older||0.5|
|TYPE OF Laguna Woods HOMES|
|Small Apt. Buildings||19.0|
|SIZE OF Laguna Woods HOMES|
|5 or more bedrooms||0.06|