Lemoore, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lemoore Neighborhoods Since 2000




Lemoore, 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

Lemoore Housing Market Information

With a population of 25,647, 8,523 total housing units (homes and apartments), and a median house value of $244,715, Lemoore real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lemoore, accounting for 66.92% of the city's housing units. Other types of housing that are prevalent in Lemoore include large apartment complexes or high rise apartments ( 16.16%), duplexes, homes converted to apartments or other small apartment buildings ( 11.97%), and a few mobile homes or trailers ( 2.51%).

The most prevalent building size and type in Lemoore are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.89% owning and 48.11% renting.

There is a lot of housing in Lemoore 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 Lemoore built between 2000 and later ( 22.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.78%). There's also some housing in Lemoore built before 1939 ( 2.28%).

Lemoore Home Appreciation Rates

Homes have actually lost value in Lemoore over the last then years, as home values have seen a decline of 19.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lemoore home appreciation rates at -0.80%, which equates to an annual appreciation rate of -3.15%.

Appreciation rates are so strong in Lemoore that despite a nationwide downturn in the housing market, Lemoore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lemoore appreciation rates continue to be some of the highest in America, at 8.75%, which is higher than appreciation rates in 89.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lemoore. Lemoore appreciation rates in the latest quarter were at -0.80%, which equates to an annual appreciation rate of -3.15%.

Notably, Lemoore's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Lemoore'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 Lemoore differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lemoore - 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 Lemoore real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$244,715

Lemoore, CA HOME PRICES

Value Range
> $1,265,000 0.3
$949,001 - $1,265,000 0.9
$632,001 - $949,000 0.1
$506,001 - $632,000 3.5
$380,001 - $506,000 5.0
$253,001 - $380,000 27.0
$127,001 - $253,000 49.6
$63,001 - $127,000 7.1
$0 - $63,000 6.4

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
23.3270830891832 77.3809523809524

Number Of Homes And Apartments:
8,523

Lemoore 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
71.20% 3.17% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,058 / per month

Homeownership Rate

Homeownership
Owners 51.89
Renters 48.11
Vacant 5.33

Housing Market Details

 

Age of Homes

AGE OF Lemoore HOMES
2000 or Newer 22.4
1970 - 1999 57.6
1940 - 1969 17.8
1939 or Older 2.3

Types of Homes

TYPE OF Lemoore HOMES
Single-Family 66.9
Townhomes 2.2
Small Apt. Buildings 12.0
Apt. Complexes 16.2
Mobile Homes 2.5
Other 0.2

Home Size

SIZE OF Lemoore HOMES
No Bedroom 2.11
1 Bedroom 6.10
2 Bedrooms 25.38
3 Bedrooms 44.26
4 Bedrooms 20.48
5 or more bedrooms 1.67