National City CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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National City, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

National City Housing Market Information

With 61,431 people, 16,478 houses or apartments, and a median cost of homes of $455,803, 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 43.36% of the city's housing units. Other types of housing that are prevalent in National City include large apartment complexes or high rise apartments ( 33.48%), duplexes, homes converted to apartments or other small apartment buildings ( 10.46%), and a few row houses and other attached homes ( 9.95%).

National City is dominated by renter-occupied one, two, or no bedrooms apartments. 68.02% 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 44.82% of the city's housing hails from this era. Other housing ages represented in National City include homes built between 1970-1999 ( 39.67%) and housing constructed between 2000 and later ( 7.88%). There's also some housing in National City built before 1939 ( 7.63%).

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 107.47% over the last ten years, which is an average annual home appreciation rate of 7.57%, 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.

Over the last year, National City appreciation rates have trailed the rest of the nation. In the last twelve months, National City's appreciation rate has been 2.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in National City were at 1.23%, which equates to an annual appreciation rate of 5.02%.

Relative to California, our data show that National City's latest annual appreciation rate is lower 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 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:
$455,803

National City, CA HOME PRICES

Value Range
> $1,237,000 2.1
$928,001 - $1,237,000 1.5
$619,001 - $928,000 10.0
$495,001 - $619,000 22.1
$371,001 - $495,000 29.7
$248,001 - $371,000 21.6
$124,001 - $248,000 8.3
$62,001 - $124,000 1.2
$0 - $62,000 3.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.9985401459854 51.9003931847969

Number Of Homes And Apartments:
16,478

National City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
149.15% 4.67%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,663 / per month

Homeownership Rate

Homeownership
Owners 31.98
Renters 68.02
Vacant 6.05

Housing Market Details

 

Age of Homes

AGE OF National City HOMES
2000 or Newer 7.9
1970 - 1999 39.7
1940 - 1969 44.8
1939 or Older 7.6

Types of Homes

TYPE OF National City HOMES
Single-Family 43.4
Townhomes 9.9
Small Apt. Buildings 10.5
Apt. Complexes 33.5
Mobile Homes 2.3
Other 0.4

Home Size

SIZE OF National City HOMES
No Bedroom 4.09
1 Bedroom 24.55
2 Bedrooms 33.33
3 Bedrooms 25.28
4 Bedrooms 9.44
5 or more bedrooms 3.32