Los Banos, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Los Banos Neighborhoods Since 2000




Los Banos, CA Real Estate Data


Los Banos Housing Market Information

With 37,457 people, 10,303 houses or apartments, and a median cost of homes of $243,723, 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 83.77% 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 ( 6.77%), large apartment complexes or high rise apartments ( 5.89%), and a few row houses and other attached homes ( 1.98%).

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 52.67% owning and 47.33% 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 ( 30.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.98%). There's also some housing in Los Banos built before 1939 ( 2.40%).

Los Banos Home Appreciation Rates

Homes have actually lost value in Los Banos over the last then years, as home values have seen a decline of 40.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Los Banos home appreciation rates at 1.44%, which equates to an annual appreciation rate of 5.87%.

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 6.62%, which is higher than appreciation rates in 81.25% 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 1.44%, which equates to an annual appreciation rate of 5.87%.

Relative to California, our data show that Los Banos's latest annual appreciation rate is higher than 50% 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:
$243,723

Los Banos, CA HOME PRICES

Value Range
> $1,643,000 0.9
$1,232,001 - $1,643,000 0.3
$822,001 - $1,232,000 0.5
$657,001 - $822,000 0.6
$493,001 - $657,000 4.8
$329,001 - $493,000 13.2
$164,001 - $329,000 59.7
$83,001 - $164,000 16.4
$0 - $83,000 3.7

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
24.1201616208936 79.5244385733157

Number Of Homes And Apartments:
10,303

Rent & Ownership

 

Average Market Rent:
$1,440 / per month

Homeownership Rate

Homeownership
Owners 52.67
Renters 47.33
Vacant 8.25

Housing Market Details

 

Age of Homes

AGE OF Los Banos HOMES
2000 or Newer 30.9
1970 - 1999 49.7
1940 - 1969 17.0
1939 or Older 2.4

Types of Homes

TYPE OF Los Banos HOMES
Single-Family 83.8
Townhomes 2.0
Small Apt. Buildings 6.8
Apt. Complexes 5.9
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Los Banos HOMES
No Bedroom 1.43
1 Bedroom 5.00
2 Bedrooms 12.22
3 Bedrooms 49.57
4 Bedrooms 26.81
5 or more bedrooms 4.96

Los Banos Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
23.53% 1.25% 1 2
* 10 is highest

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Zip Codes in Los Banos, CA