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 82,492, 27,044 total housing units (homes and apartments), and a median house value of $637,326, real estate costs in Lake Forest 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 Forest, accounting for 54.40% of the city's housing units. Other types of housing that are prevalent in Lake Forest include large apartment complexes or high rise apartments ( 20.37%), row houses and other attached homes ( 15.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.68%).
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 Forest. Owner-occupied housing accounts for 69.65% of Lake Forest's homes, and 57.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Forest 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 Forest built between 1940-1969 ( 9.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.46%).
Real estate appreciation rates in Lake Forest's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.
NeighborhoodScout's data show that during the latest twelve months, Lake Forest's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, Lake Forest's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.
Importantly, this makes Lake Forest 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 Lake Forest's latest annual appreciation rate is lower than 90% 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 Lake Forest differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Forest - 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 Lake Forest real estate investment or home purchase decisions.
|$942,001 - $1,256,000||12.1|
|$628,001 - $942,000||38.5|
|$502,001 - $628,000||16.4|
|$377,001 - $502,000||11.6|
|$251,001 - $377,000||8.8|
|$126,001 - $251,000||4.9|
|$63,001 - $126,000||4.1|
|$0 - $63,000||2.4|
|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 Forest HOMES|
|2000 or Newer||2.5|
|1970 - 1999||88.0|
|1940 - 1969||9.2|
|1939 or Older||0.3|
|TYPE OF Lake Forest HOMES|
|Small Apt. Buildings||5.7|
|SIZE OF Lake Forest HOMES|
|5 or more bedrooms||5.79|