National City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating National City Neighborhoods Since 2000




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 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

National City Housing Market Information

With 61,060 people, 15,332 houses or apartments, and a median cost of homes of $405,267, 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 40.59% of the city's housing units. Other types of housing that are prevalent in National City include large apartment complexes or high rise apartments ( 35.73%), duplexes, homes converted to apartments or other small apartment buildings ( 11.86%), and a few row houses and other attached homes ( 8.80%).

National City is dominated by renter-occupied one, two, or no bedrooms apartments. 71.54% 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 44.59% 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 ( 8.91%). There's also some housing in National City built before 1939 ( 7.41%).

National City Home Appreciation Rates

National City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in National City during the period has been just -1.23%, which is lower than 70% of US communities.

Appreciation rates are so strong in National City that despite a nationwide downturn in the housing market, National City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, National City appreciation rates continue to be some of the highest in America, at 10.88%, which is higher than appreciation rates in 95.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in National City. National City appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.

Importantly, this makes National City 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 National City'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 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:
$405,267

National City, CA HOME PRICES

Value Range
> $1,432,000 2.8
$1,074,001 - $1,432,000 0.5
$716,001 - $1,074,000 4.4
$573,001 - $716,000 11.4
$430,001 - $573,000 25.2
$286,001 - $430,000 37.3
$143,001 - $286,000 10.1
$72,001 - $143,000 2.8
$0 - $72,000 5.5

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
9.25817414742763 53.3068783068783

Number Of Homes And Apartments:
15,332

National City 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
111.21% 4.43% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,401 / per month

Homeownership Rate

Homeownership
Owners 28.46
Renters 71.54
Vacant 8.19

Housing Market Details

 

Age of Homes

AGE OF National City HOMES
2000 or Newer 8.9
1970 - 1999 39.1
1940 - 1969 44.6
1939 or Older 7.4

Types of Homes

TYPE OF National City HOMES
Single-Family 40.6
Townhomes 8.8
Small Apt. Buildings 11.9
Apt. Complexes 35.7
Mobile Homes 2.5
Other 0.5

Home Size

SIZE OF National City HOMES
No Bedroom 2.63
1 Bedroom 25.38
2 Bedrooms 36.54
3 Bedrooms 23.99
4 Bedrooms 8.81
5 or more bedrooms 2.64