Lake Arrowhead, 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

Lake Arrowhead, CA Housing Market Trends

With 12,831 people, 3,547 houses or apartments, and a median cost of homes of $464,505, 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 91.89% 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 ( 3.77%), large apartment complexes or high rise apartments ( 2.47%), and a few row houses and other attached homes ( 1.09%).

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 72.36% of Lake Arrowhead's homes, and 64.58% 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 ( 27.69%). A lesser amount of the housing stock also hails from before 1939 ( 8.16%). There's also some housing in Lake Arrowhead built between 2000 and later ( 7.38%).

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 Home Appreciation Rates

In the last 10 years, Lake Arrowhead has experienced some of the highest home appreciation rates of any community in the nation. Lake Arrowhead real estate appreciated 53.14% over the last ten years, which is an average annual home appreciation rate of 4.35%, putting Lake Arrowhead in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Arrowhead definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lake Arrowhead's appreciation rate, at 5.99%, has been at or slightly above the national average. In the latest quarter, Lake Arrowhead's appreciation rate has been 2.19%, which annualizes to a rate of 9.04%.

Relative to California, our data show that Lake Arrowhead's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$464,505

Lake Arrowhead, CA HOME PRICES

> $1,143,000
3.7%
3.7%
$857,001 - $1,143,000
4.6%
4.6%
$571,001 - $857,000
18.1%
18.1%
$457,001 - $571,000
19.9%
19.9%
$343,001 - $457,000
22.8%
22.8%
$228,001 - $343,000
21.0%
21.0%
$114,001 - $228,000
7.9%
7.9%
$57,001 - $114,000
1.8%
1.8%
$0 - $57,000
0.2%
0.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
3,547

Lake Arrowhead 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
99.58% 3.35%
2
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,436 / per month

Homeownership Rate

Owners
72.4%
72.4%
Renters
27.6%
27.6%
Vacant
70.6%
70.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.4%
7.4%
1970 - 1999
56.8%
56.8%
1940 - 1969
27.7%
27.7%
1939 or Older
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.9%
91.9%
Townhomes
1.1%
1.1%
Small Apt. Buildings
3.8%
3.8%
Apt. Complexes
2.5%
2.5%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
8.0%
8.0%
2 Bedrooms
18.9%
18.9%
3 Bedrooms
43.7%
43.7%
4 Bedrooms
20.9%
20.9%
5 or more bedrooms
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Lake Arrowhead

Zip Codes in Lake Arrowhead, CA