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 12,831, 4,186 total housing units (homes and apartments), and a median house value of $428,453, real estate costs in Lake Arrowhead 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 Lake Arrowhead, accounting for 91.63% of the town's housing units. Other types of housing that are prevalent in Lake Arrowhead include duplexes, homes converted to apartments or other small apartment buildings ( 3.10%), large apartment complexes or high rise apartments ( 1.94%), and a few mobile homes or trailers ( 1.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Arrowhead. Owner-occupied housing accounts for 76.93% of Lake Arrowhead's homes, and 62.02% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Arrowhead 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 Lake Arrowhead built between 1940-1969 ( 31.19%). A lesser amount of the housing stock also hails from before 1939 ( 9.60%). There's also some housing in Lake Arrowhead built between 2000 and later ( 6.87%).
A decent proportion of the Lake Arrowhead housing stock is seasonally occupied. That is, homes and condos in Lake Arrowhead are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lake Arrowhead housing market speaks to its popularity as a vacation location of choice.
Lake Arrowhead's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Arrowhead during the period has been just -1.98%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Lake Arrowhead's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Lake Arrowhead's appreciation rate has been 2.02%, which annualizes to a rate of 8.32%.
Importantly, this makes Lake Arrowhead one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Lake Arrowhead's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
|$922,001 - $1,229,000||2.5|
|$615,001 - $922,000||11.4|
|$492,001 - $615,000||7.3|
|$369,001 - $492,000||20.9|
|$246,001 - $369,000||30.7|
|$123,001 - $246,000||16.7|
|$61,001 - $123,000||3.0|
|$0 - $61,000||0.9|
|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 Lake Arrowhead HOMES|
|2000 or Newer||6.9|
|1970 - 1999||52.3|
|1940 - 1969||31.2|
|1939 or Older||9.6|
|TYPE OF Lake Arrowhead HOMES|
|Small Apt. Buildings||3.1|
|SIZE OF Lake Arrowhead HOMES|
|5 or more bedrooms||8.26|