Loma Linda, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Loma Linda Neighborhoods Since 2000




Loma Linda, 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

Loma Linda Housing Market Information

With a population of 24,045, 8,667 total housing units (homes and apartments), and a median house value of $403,027, real estate costs in Loma Linda 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 Loma Linda, accounting for 40.75% of the city's housing units. Other types of housing that are prevalent in Loma Linda include large apartment complexes or high rise apartments ( 31.33%), duplexes, homes converted to apartments or other small apartment buildings ( 15.16%), and a few row houses and other attached homes ( 6.83%).

Loma Linda is dominated by renter-occupied one, two, or no bedrooms apartments. 68.42% of Loma Linda's dwellings are rentals.

There is a lot of housing in Loma Linda 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 Loma Linda built between 1940-1969 ( 19.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.62%). There's also some housing in Loma Linda built before 1939 ( 1.88%).

Loma Linda Home Appreciation Rates

Loma Linda's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Loma Linda during the period has been just -1.15%, which is lower than 70% of US communities.

Appreciation rates are so strong in Loma Linda that despite a nationwide downturn in the housing market, Loma Linda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Loma Linda appreciation rates continue to be some of the highest in America, at 8.34%, which is higher than appreciation rates in 88.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Loma Linda. Loma Linda appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Loma Linda 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 Loma Linda's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$403,027

Loma Linda, CA HOME PRICES

Value Range
> $1,355,000 1.5
$1,017,001 - $1,355,000 0.8
$678,001 - $1,017,000 4.2
$542,001 - $678,000 10.4
$407,001 - $542,000 19.5
$271,001 - $407,000 35.7
$136,001 - $271,000 17.8
$68,001 - $136,000 2.7
$0 - $68,000 7.3

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
9.3695066213524 53.5714285714286

Number Of Homes And Apartments:
8,667

Loma Linda 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
118.15% 4.63% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,540 / per month

Homeownership Rate

Homeownership
Owners 31.58
Renters 68.42
Vacant 7.89

Housing Market Details

 

Age of Homes

AGE OF Loma Linda HOMES
2000 or Newer 15.6
1970 - 1999 62.5
1940 - 1969 20.0
1939 or Older 1.9

Types of Homes

TYPE OF Loma Linda HOMES
Single-Family 40.7
Townhomes 6.8
Small Apt. Buildings 15.2
Apt. Complexes 31.3
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Loma Linda HOMES
No Bedroom 2.38
1 Bedroom 14.55
2 Bedrooms 40.62
3 Bedrooms 24.52
4 Bedrooms 13.70
5 or more bedrooms 4.23