Needles, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Needles, CA Real Estate Data


Needles Housing Market Information

With 4,984 people, 1,981 houses or apartments, and a median cost of homes of $134,595, 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 53.14% of the city's housing units. Other types of housing that are prevalent in Needles include mobile homes or trailers ( 20.07%), duplexes, homes converted to apartments or other small apartment buildings ( 14.38%), and a few large apartment complexes or high rise apartments ( 8.60%).

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 ( 31.89%). A lesser amount of the housing stock also hails from before 1939 ( 12.87%). There's also some housing in Needles built between 2000 and later ( 8.83%).

Vacant housing appears to be an issue in Needles. Fully 34.94% 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

Needles's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Needles during the period has been just -2.00%, which is lower than 80% of US communities.

Appreciation rates are so strong in Needles that despite a nationwide downturn in the housing market, Needles real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Needles appreciation rates continue to be some of the highest in America, at 5.74%, which is higher than appreciation rates in 70.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Needles. Needles appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Needles's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$134,595

Needles, CA HOME PRICES

Value Range
> $1,342,000 1.2
$1,006,001 - $1,342,000 2.7
$671,001 - $1,006,000 0.8
$537,001 - $671,000 0.6
$402,001 - $537,000 0.5
$268,001 - $402,000 21.1
$134,001 - $268,000 26.3
$67,001 - $134,000 31.8
$0 - $67,000 14.9

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
58.3884757275868 97.7542932628798

Number Of Homes And Apartments:
1,981

Rent & Ownership

 

Average Market Rent:
$623 / per month

Homeownership Rate

Homeownership
Owners 53.34
Renters 46.66
Vacant 34.94

Housing Market Details

 

Age of Homes

AGE OF Needles HOMES
2000 or Newer 8.8
1970 - 1999 46.4
1940 - 1969 31.9
1939 or Older 12.9

Types of Homes

TYPE OF Needles HOMES
Single-Family 53.1
Townhomes 3.8
Small Apt. Buildings 14.4
Apt. Complexes 8.6
Mobile Homes 20.1
Other 0.0

Home Size

SIZE OF Needles HOMES
No Bedroom 0.99
1 Bedroom 14.52
2 Bedrooms 39.05
3 Bedrooms 34.25
4 Bedrooms 9.62
5 or more bedrooms 1.58

Needles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.72% 1.81% 1 4
* 10 is highest

Popular Neighborhoods in Needles

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Zip Codes in Needles, CA