Lemon Grove, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lemon Grove Neighborhoods Since 2000




Lemon Grove, 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

Lemon Grove Housing Market Information

With 26,709 people, 8,489 houses or apartments, and a median cost of homes of $412,711, real estate costs in Lemon Grove 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 Lemon Grove, accounting for 64.37% of the city's housing units. Other types of housing that are prevalent in Lemon Grove include large apartment complexes or high rise apartments ( 16.08%), row houses and other attached homes ( 10.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.53%).

The most prevalent building size and type in Lemon Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.77% owning and 45.23% renting.

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. Lemon Grove's housing was primarily built during this period, from the '40s through the '60s. A full 55.66% of the city's housing hails from this era. Other housing ages represented in Lemon Grove include homes built between 1970-1999 ( 35.56%) and housing constructed before 1939 ( 6.04%). There's also some housing in Lemon Grove built between 2000 and later ( 2.75%).

Lemon Grove Home Appreciation Rates

Lemon Grove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lemon Grove during the period has been just -1.24%, which is lower than 70% of US communities.

Appreciation rates are so strong in Lemon Grove that despite a nationwide downturn in the housing market, Lemon Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lemon Grove appreciation rates continue to be some of the highest in America, at 8.82%, which is higher than appreciation rates in 90.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lemon Grove. Lemon Grove appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.

Importantly, this makes Lemon Grove 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 Lemon Grove'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 Lemon Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lemon Grove - 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 Lemon Grove real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$412,711

Lemon Grove, CA HOME PRICES

Value Range
> $1,348,000 1.0
$1,011,001 - $1,348,000 0.5
$674,001 - $1,011,000 3.6
$539,001 - $674,000 12.1
$404,001 - $539,000 33.1
$270,001 - $404,000 32.3
$135,001 - $270,000 12.3
$67,001 - $135,000 1.7
$0 - $67,000 3.3

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.8597210828548 51.984126984127

Number Of Homes And Apartments:
8,489

Lemon Grove 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
90.89% 3.82% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,766 / per month

Homeownership Rate

Homeownership
Owners 54.77
Renters 45.23
Vacant 4.75

Housing Market Details

 

Age of Homes

AGE OF Lemon Grove HOMES
2000 or Newer 2.7
1970 - 1999 35.6
1940 - 1969 55.7
1939 or Older 6.0

Types of Homes

TYPE OF Lemon Grove HOMES
Single-Family 64.4
Townhomes 10.8
Small Apt. Buildings 8.5
Apt. Complexes 16.1
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Lemon Grove HOMES
No Bedroom 2.21
1 Bedroom 11.84
2 Bedrooms 31.62
3 Bedrooms 38.93
4 Bedrooms 11.51
5 or more bedrooms 3.89