National City, 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

National City, CA Housing Market Trends

With a population of 61,394, 16,658 total housing units (homes and apartments), and a median house value of $492,424, real estate costs in National City 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 National City, accounting for 44.02% of the city's housing units. Other types of housing that are prevalent in National City include large apartment complexes or high rise apartments ( 34.54%), row houses and other attached homes ( 9.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.72%).

National City is dominated by renter-occupied one, two, or no bedrooms apartments. 67.83% of National City's dwellings are rentals.

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. National City's housing was primarily built during this period, from the '40s through the '60s. A full 44.90% of the city's housing hails from this era. Other housing ages represented in National City include homes built between 1970-1999 ( 39.09%) and housing constructed between 2000 and later ( 8.17%). There's also some housing in National City built before 1939 ( 7.83%).

National City Home Appreciation Rates

In the last 10 years, National City has experienced some of the highest home appreciation rates of any community in the nation. National City real estate appreciated 109.64% over the last ten years, which is an average annual home appreciation rate of 7.68%, putting National City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, National City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, National City's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, National City's appreciation rate has been 1.82%, which annualizes to a rate of 7.47%.

Relative to California, our data show that National City's latest annual appreciation rate is higher than 70% 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 National City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in National City - 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 National City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$492,424

National City, CA HOME PRICES

> $1,236,000
2.2%
2.2%
$927,001 - $1,236,000
4.3%
4.3%
$618,001 - $927,000
13.8%
13.8%
$495,001 - $618,000
28.0%
28.0%
$371,001 - $495,000
26.0%
26.0%
$247,001 - $371,000
13.9%
13.9%
$124,001 - $247,000
7.6%
7.6%
$62,001 - $124,000
1.2%
1.2%
$0 - $62,000
3.0%
3.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
16,658

National City 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
168.11% 4.81%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,748 / per month

Homeownership Rate

Owners
32.2%
32.2%
Renters
67.8%
67.8%
Vacant
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.2%
8.2%
1970 - 1999
39.1%
39.1%
1940 - 1969
44.9%
44.9%
1939 or Older
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
44.0%
44.0%
Townhomes
9.8%
9.8%
Small Apt. Buildings
8.7%
8.7%
Apt. Complexes
34.5%
34.5%
Mobile Homes
2.4%
2.4%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.4%
4.4%
1 Bedroom
24.6%
24.6%
2 Bedrooms
32.6%
32.6%
3 Bedrooms
26.4%
26.4%
4 Bedrooms
9.2%
9.2%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES