Los Banos, CA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Los Banos, CA Housing Market Trends

With a population of 41,036, 10,777 total housing units (homes and apartments), and a median house value of $385,488, real estate costs in Los Banos 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 Los Banos, accounting for 85.34% of the city's housing units. Other types of housing that are prevalent in Los Banos include large apartment complexes or high rise apartments ( 4.63%), duplexes, homes converted to apartments or other small apartment buildings ( 4.54%), and a few row houses and other attached homes ( 2.71%).

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 56.59% owning and 43.41% 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 ( 33.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.25%). There's also some housing in Los Banos built before 1939 ( 2.50%).

Los Banos Home Appreciation Rates

In the last 10 years, Los Banos has experienced some of the highest home appreciation rates of any community in the nation. Los Banos real estate appreciated 165.64% over the last ten years, which is an average annual home appreciation rate of 10.26%, putting Los Banos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Los Banos 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, Los Banos appreciation rates have trailed the rest of the nation. In the last twelve months, Los Banos's appreciation rate has been 4.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Banos were at 1.83%, which equates to an annual appreciation rate of 7.52%.

Relative to California, our data show that Los Banos's latest annual appreciation rate is lower 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 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.

Average Home Values

 

Median Home Value:
$385,488

Los Banos, CA HOME PRICES

> $1,256,000
0.6%
0.6%
$942,001 - $1,256,000
0.5%
0.5%
$628,001 - $942,000
2.2%
2.2%
$502,001 - $628,000
8.8%
8.8%
$377,001 - $502,000
31.6%
31.6%
$251,001 - $377,000
39.7%
39.7%
$125,001 - $251,000
13.7%
13.7%
$63,001 - $125,000
0.9%
0.9%
$0 - $63,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
10,777

Los Banos Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
72.99% 2.64%
1
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,826 / per month

Homeownership Rate

Owners
56.6%
56.6%
Renters
43.4%
43.4%
Vacant
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
33.8%
33.8%
1970 - 1999
44.4%
44.4%
1940 - 1969
19.3%
19.3%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.3%
85.3%
Townhomes
2.7%
2.7%
Small Apt. Buildings
4.5%
4.5%
Apt. Complexes
4.6%
4.6%
Mobile Homes
2.5%
2.5%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
3.5%
3.5%
2 Bedrooms
12.5%
12.5%
3 Bedrooms
45.3%
45.3%
4 Bedrooms
28.5%
28.5%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Popular Communities Near Los Banos, CA

Zip Codes in Los Banos, CA