Lawndale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lawndale, CA Real Estate Data


Lawndale Housing Market Information

With a population of 33,430, 9,597 total housing units (homes and apartments), and a median house value of $517,087, real estate costs in Lawndale 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 Lawndale, accounting for 53.25% of the city's housing units. Other types of housing that are prevalent in Lawndale include large apartment complexes or high rise apartments ( 22.58%), row houses and other attached homes ( 12.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.21%).

Lawndale is dominated by renter-occupied one, two, or no bedrooms apartments. 66.72% of Lawndale's dwellings are rentals.

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. Lawndale's housing was primarily built during this period, from the '40s through the '60s. A full 52.02% of the city's housing hails from this era. Other housing ages represented in Lawndale include homes built between 1970-1999 ( 39.32%) and housing constructed before 1939 ( 4.71%). There's also some housing in Lawndale built between 2000 and later ( 3.95%).

Lawndale Home Appreciation Rates

Lawndale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lawndale during the period has been just -0.76%, which is lower than 70% of US communities.

Appreciation rates are so strong in Lawndale that despite a nationwide downturn in the housing market, Lawndale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lawndale appreciation rates continue to be some of the highest in America, at 7.04%, which is higher than appreciation rates in 85.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lawndale. Lawndale appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Lawndale's latest annual appreciation rate is higher than 60% 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 Lawndale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawndale - 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 Lawndale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$517,087

Lawndale, CA HOME PRICES

Value Range
> $1,374,000 1.3
$1,031,001 - $1,374,000 2.8
$687,001 - $1,031,000 16.4
$550,001 - $687,000 21.8
$412,001 - $550,000 31.4
$275,001 - $412,000 16.5
$137,001 - $275,000 5.3
$69,001 - $137,000 1.7
$0 - $69,000 2.7

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.72700122972419 37.9128137384412

Number Of Homes And Apartments:
9,597

Rent & Ownership

 

Average Market Rent:
$1,762 / per month

Homeownership Rate

Homeownership
Owners 33.28
Renters 66.72
Vacant 5.74

Housing Market Details

 

Age of Homes

AGE OF Lawndale HOMES
2000 or Newer 3.9
1970 - 1999 39.3
1940 - 1969 52.0
1939 or Older 4.7

Types of Homes

TYPE OF Lawndale HOMES
Single-Family 53.2
Townhomes 12.8
Small Apt. Buildings 9.2
Apt. Complexes 22.6
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Lawndale HOMES
No Bedroom 3.83
1 Bedroom 12.49
2 Bedrooms 45.99
3 Bedrooms 30.88
4 Bedrooms 5.84
5 or more bedrooms 0.96

Lawndale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
131.99% 5.07% 10 10
* 10 is highest