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 about Scout's Real Estate Data
With 18,176 people, 5,694 houses or apartments, and a median cost of homes of $861,112, real estate costs in Nipomo 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 Nipomo, accounting for 72.00% of the town's housing units. Other types of housing that are prevalent in Nipomo include mobile homes or trailers ( 12.66%), row houses and other attached homes ( 5.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nipomo. Owner-occupied housing accounts for 69.06% of Nipomo's homes, and 77.34% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Nipomo 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 Nipomo built between 2000 and later ( 29.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.40%). There's also some housing in Nipomo built before 1939 ( 2.32%).
Appreciation rates for homes in Nipomo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.37%, which ranks in the top 40% nationwide. This equates to an annual average Nipomo house appreciation rate of 6.93%.
NeighborhoodScout's data show that during the latest twelve months, Nipomo's appreciation rate, at 5.18%, has been at or slightly above the national average. In the latest quarter, Nipomo's appreciation rate has been 2.49%, which annualizes to a rate of 10.34%.
Importantly, this makes Nipomo one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Nipomo'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 town. Individual neighborhoods within Nipomo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nipomo - 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 Nipomo real estate investment or home purchase decisions.
$861,112
for California
for nation
5,694
$3,106 / per month