Manhattan Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manhattan Beach Neighborhoods Since 2000




Manhattan Beach, 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

Manhattan Beach Housing Market Information

With 35,818 people, 13,644 houses or apartments, and a median cost of homes of $2,076,466, Manhattan Beach house prices are not only among the most expensive in California, Manhattan Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Manhattan Beach, accounting for 71.00% of the city's housing units. Other types of housing that are prevalent in Manhattan Beach include duplexes, homes converted to apartments or other small apartment buildings ( 14.39%), row houses and other attached homes ( 9.21%), and a few large apartment complexes or high rise apartments ( 5.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manhattan Beach. Owner-occupied housing accounts for 68.03% of Manhattan Beach's homes, and 51.70% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Manhattan Beach's housing was primarily built during this period, from the '40s through the '60s. A full 50.76% of the city's housing hails from this era. Other housing ages represented in Manhattan Beach include homes built between 1970-1999 ( 31.33%) and housing constructed between 2000 and later ( 10.01%). There's also some housing in Manhattan Beach built before 1939 ( 7.90%).

Vacant housing appears to be an issue in Manhattan Beach. Fully 10.95% of the housing stock is classified as vacant. Left unchecked, vacant Manhattan Beach homes and apartments can be a drag on the real estate market, holding Manhattan Beach 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.

Manhattan Beach Home Appreciation Rates

In the last 10 years, Manhattan Beach has experienced some of the highest home appreciation rates of any community in the nation. Manhattan Beach real estate appreciated 38.57% over the last ten years, which is an average annual home appreciation rate of 3.32%, putting Manhattan Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Manhattan Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Manhattan Beach that despite a nationwide downturn in the housing market, Manhattan Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manhattan Beach appreciation rates continue to be some of the highest in America, at 11.26%, which is higher than appreciation rates in 96.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Manhattan Beach. Manhattan Beach appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Manhattan Beach 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 Manhattan Beach'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 Manhattan Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manhattan Beach - 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 Manhattan Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$2,076,466

Manhattan Beach, CA HOME PRICES

Value Range
> $1,412,000 72.4
$1,059,001 - $1,412,000 16.1
$706,001 - $1,059,000 4.6
$565,001 - $706,000 2.0
$424,001 - $565,000 1.1
$282,001 - $424,000 0.6
$141,001 - $282,000 1.6
$70,001 - $141,000 0.6
$0 - $70,000 1.0

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.152349701160202 2.38095238095238

Number Of Homes And Apartments:
13,644

Manhattan Beach 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
179.37% 6.14% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,703 / per month

Homeownership Rate

Homeownership
Owners 68.03
Renters 31.97
Vacant 10.95

Housing Market Details

 

Age of Homes

AGE OF Manhattan Beach HOMES
2000 or Newer 10.0
1970 - 1999 31.3
1940 - 1969 50.8
1939 or Older 7.9

Types of Homes

TYPE OF Manhattan Beach HOMES
Single-Family 71.0
Townhomes 9.2
Small Apt. Buildings 14.4
Apt. Complexes 5.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Manhattan Beach HOMES
No Bedroom 1.91
1 Bedroom 10.47
2 Bedrooms 24.14
3 Bedrooms 32.53
4 Bedrooms 19.17
5 or more bedrooms 11.79