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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,984 people, 2,138 houses or apartments, and a median cost of homes of $102,233, house prices in Needles are solidly below the national average.
Single-family detached homes are the single most common housing type in Needles, accounting for 50.18% of the city's housing units. Other types of housing that are prevalent in Needles include mobile homes or trailers ( 20.41%), duplexes, homes converted to apartments or other small apartment buildings ( 16.94%), and a few large apartment complexes or high rise apartments ( 7.84%).
People in Needles primarily live in small (one, two or no bedroom) single-family detached homes. Needles has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Needles 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 Needles built between 1940-1969 ( 28.41%). A lesser amount of the housing stock also hails from before 1939 ( 14.06%). There's also some housing in Needles built between 2000 and later ( 10.92%).
Vacant housing appears to be an issue in Needles. Fully 30.74% of the housing stock is classified as vacant. Left unchecked, vacant Needles homes and apartments can be a drag on the real estate market, holding Needles 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.
Homes have actually lost value in Needles over the last then years, as home values have seen a decline of 32.72% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Needles home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.
Over the last year, Needles appreciation rates have trailed the rest of the nation. In the last twelve months, Needles's appreciation rate has been -0.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Needles were at 2.02%, which equates to an annual appreciation rate of 8.32%.
Importantly, this makes Needles 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 Needles's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
|$871,001 - $1,161,000||0.9|
|$581,001 - $871,000||0.9|
|$465,001 - $581,000||1.4|
|$348,001 - $465,000||0.6|
|$232,001 - $348,000||10.7|
|$116,001 - $232,000||26.6|
|$58,001 - $116,000||37.8|
|$0 - $58,000||20.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Needles HOMES|
|2000 or Newer||10.9|
|1970 - 1999||46.6|
|1940 - 1969||28.4|
|1939 or Older||14.1|
|TYPE OF Needles HOMES|
|Small Apt. Buildings||16.9|
|SIZE OF Needles HOMES|
|5 or more bedrooms||2.01|