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
With a population of 37,457, 10,457 total housing units (homes and apartments), and a median house value of $249,979, Los Banos real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Los Banos, accounting for 84.09% of the city's housing units. Other types of housing that are prevalent in Los Banos include duplexes, homes converted to apartments or other small apartment buildings ( 6.96%), large apartment complexes or high rise apartments ( 5.54%), and a few row houses and other attached homes ( 1.74%).
The most prevalent building size and type in Los Banos are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.40% owning and 48.60% renting.
There is a lot of housing in Los Banos 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 Los Banos built between 2000 and later ( 31.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.78%). There's also some housing in Los Banos built before 1939 ( 2.75%).
Homes have actually lost value in Los Banos over the last then years, as home values have seen a decline of 33.95% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Los Banos home appreciation rates at 2.86%, which equates to an annual appreciation rate of 11.95%.
Appreciation rates are so strong in Los Banos that despite a nationwide downturn in the housing market, Los Banos real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Los Banos appreciation rates continue to be some of the highest in America, at 11.00%, which is higher than appreciation rates in 96.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Los Banos. Los Banos appreciation rates in the latest quarter were at 2.86%, which equates to an annual appreciation rate of 11.95%.
Importantly, NeighborhoodScout’s exclusive research found that Los Banos's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Los Banos's latest annual appreciation rate is higher than 90% 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 Los Banos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Banos - 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 Los Banos real estate investment or home purchase decisions.
|$1,161,001 - $1,547,000||0.0|
|$774,001 - $1,161,000||0.5|
|$619,001 - $774,000||0.4|
|$464,001 - $619,000||6.4|
|$310,001 - $464,000||20.9|
|$155,001 - $310,000||53.2|
|$78,001 - $155,000||14.1|
|$0 - $78,000||3.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Los Banos HOMES|
|2000 or Newer||31.2|
|1970 - 1999||46.3|
|1940 - 1969||19.8|
|1939 or Older||2.7|
|TYPE OF Los Banos HOMES|
|Small Apt. Buildings||7.0|
|SIZE OF Los Banos HOMES|
|5 or more bedrooms||5.53|