Lake Arrowhead, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Arrowhead, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lake Arrowhead Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$428,453

Lake Arrowhead, CA HOME PRICES

Value Range
> $1,229,000 6.4
$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

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.18586663541545 49.4708994708995

Number Of Homes And Apartments:
4,186

Lake Arrowhead Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
72.05% 3.20% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,743 / per month

Homeownership Rate

Homeownership
Owners 76.93
Renters 23.07
Vacant 65.25

Housing Market Details

 

Age of Homes

AGE OF Lake Arrowhead HOMES
2000 or Newer 6.9
1970 - 1999 52.3
1940 - 1969 31.2
1939 or Older 9.6

Types of Homes

TYPE OF Lake Arrowhead HOMES
Single-Family 91.6
Townhomes 1.6
Small Apt. Buildings 3.1
Apt. Complexes 1.9
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Lake Arrowhead HOMES
No Bedroom 1.29
1 Bedroom 7.10
2 Bedrooms 21.33
3 Bedrooms 46.27
4 Bedrooms 15.75
5 or more bedrooms 8.26

Popular Neighborhoods in Lake Arrowhead

Zip Codes in Lake Arrowhead, CA