Mentone, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mentone Neighborhoods Since 2000




Mentone, 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

Mentone Housing Market Information

With a population of 8,982, 3,138 total housing units (homes and apartments), and a median house value of $352,587, real estate costs in Mentone 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 Mentone, accounting for 73.12% of the town's housing units. Other types of housing that are prevalent in Mentone include large apartment complexes or high rise apartments ( 8.48%), duplexes, homes converted to apartments or other small apartment buildings ( 8.39%), and a few mobile homes or trailers ( 8.19%).

The most prevalent building size and type in Mentone are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.04% owning and 40.96% renting.

There is a lot of housing in Mentone 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 Mentone built between 1940-1969 ( 28.49%). A lesser amount of the housing stock also hails from before 1939 ( 10.01%). There's also some housing in Mentone built between 2000 and later ( 7.95%).

Mentone Home Appreciation Rates

Mentone's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mentone during the period has been just -1.71%, which is lower than 80% of US communities.

Appreciation rates are so strong in Mentone that despite a nationwide downturn in the housing market, Mentone real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mentone appreciation rates continue to be some of the highest in America, at 9.11%, which is higher than appreciation rates in 91.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mentone. Mentone appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Mentone one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Mentone's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$352,587

Mentone, CA HOME PRICES

Value Range
> $1,437,000 0.6
$1,078,001 - $1,437,000 2.2
$719,001 - $1,078,000 3.9
$575,001 - $719,000 3.2
$431,001 - $575,000 22.1
$288,001 - $431,000 28.3
$144,001 - $288,000 27.2
$72,001 - $144,000 3.3
$0 - $72,000 9.3

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
12.0180475799836 59.9206349206349

Number Of Homes And Apartments:
3,138

Mentone 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
110.03% 4.40% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 59.04
Renters 40.96
Vacant 7.92

Housing Market Details

 

Age of Homes

AGE OF Mentone HOMES
2000 or Newer 8.0
1970 - 1999 53.6
1940 - 1969 28.5
1939 or Older 10.0

Types of Homes

TYPE OF Mentone HOMES
Single-Family 73.1
Townhomes 1.8
Small Apt. Buildings 8.4
Apt. Complexes 8.5
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Mentone HOMES
No Bedroom 3.84
1 Bedroom 11.06
2 Bedrooms 26.32
3 Bedrooms 34.83
4 Bedrooms 16.87
5 or more bedrooms 7.07