Needles, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Needles Neighborhoods Since 2000




Needles, 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

Needles Housing Market Information

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.

Needles Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$102,233

Needles, CA HOME PRICES

Value Range
> $1,161,000 1.0
$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

Very Low for CA
Low for Nation

Value Relative to Nation Value Relative to State
76.1748505801008 99.0740740740741

Number Of Homes And Apartments:
2,138

Needles 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
22.53% 1.19% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$727 / per month

Homeownership Rate

Homeownership
Owners 50.75
Renters 49.25
Vacant 30.74

Housing Market Details

 

Age of Homes

AGE OF Needles HOMES
2000 or Newer 10.9
1970 - 1999 46.6
1940 - 1969 28.4
1939 or Older 14.1

Types of Homes

TYPE OF Needles HOMES
Single-Family 50.2
Townhomes 3.8
Small Apt. Buildings 16.9
Apt. Complexes 7.8
Mobile Homes 20.4
Other 0.8

Home Size

SIZE OF Needles HOMES
No Bedroom 1.72
1 Bedroom 14.48
2 Bedrooms 36.90
3 Bedrooms 37.71
4 Bedrooms 7.19
5 or more bedrooms 2.01

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Zip Codes in Needles, CA