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 about Scout's Real Estate Data
With 25,072 people, 9,475 houses or apartments, and a median cost of homes of $553,733, 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 47.07% of the city's housing units. Other types of housing that are prevalent in Loma Linda include large apartment complexes or high rise apartments ( 33.62%), duplexes, homes converted to apartments or other small apartment buildings ( 7.57%), and a few row houses and other attached homes ( 6.78%).
People in Loma Linda primarily live in small (one, two or no bedroom) single-family detached homes. Loma Linda has a mixture of owner-occupied and renter-occupied housing.
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 ( 19.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.75%). There's also some housing in Loma Linda built before 1939 ( 2.74%).
Vacant housing appears to be an issue in Loma Linda. Fully 10.34% of the housing stock is classified as vacant. Left unchecked, vacant Loma Linda homes and apartments can be a drag on the real estate market, holding Loma Linda real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Loma Linda has experienced some of the highest home appreciation rates of any community in the nation. Loma Linda real estate appreciated 128.55% over the last ten years, which is an average annual home appreciation rate of 8.62%, putting Loma Linda in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Loma Linda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Loma Linda appreciation rates have trailed the rest of the nation. In the last twelve months, Loma Linda's appreciation rate has been 1.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Loma Linda were at -2.34%, which equates to an annual appreciation rate of -9.02%.
Notably, Loma Linda's appreciation rate in the latest quarter is one of the lowest in America.
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.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Loma Linda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Loma Linda - 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 Loma Linda real estate investment or home purchase decisions.
$553,733
for California
for nation
9,475
$3,506 / per month