Nipomo, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nipomo, 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

Nipomo Housing Market Information

With 17,283 people, 5,656 houses or apartments, and a median cost of homes of $538,190, 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 70.30% of the town's housing units. Other types of housing that are prevalent in Nipomo include mobile homes or trailers ( 12.24%), large apartment complexes or high rise apartments ( 7.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.14%).

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 70.97% of Nipomo's homes, and 72.22% 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 ( 26.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.31%). There's also some housing in Nipomo built before 1939 ( 2.35%).

Nipomo Home Appreciation Rates

Nipomo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nipomo during the period has been just -1.10%, which is lower than 70% of US communities.

Appreciation rates are so strong in Nipomo that despite a nationwide downturn in the housing market, Nipomo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nipomo appreciation rates continue to be some of the highest in America, at 5.64%, which is higher than appreciation rates in 70.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nipomo. Nipomo appreciation rates in the latest quarter were at 0.09%, which equates to an annual appreciation rate of 0.34%.

Relative to California, our data show that Nipomo's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$538,190

Nipomo, CA HOME PRICES

Value Range
> $1,261,000 3.7
$945,001 - $1,261,000 2.8
$631,001 - $945,000 21.3
$504,001 - $631,000 18.7
$378,001 - $504,000 20.0
$253,001 - $378,000 22.3
$126,001 - $253,000 8.4
$63,001 - $126,000 1.6
$0 - $63,000 1.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.95722489159733 35.0529100529101

Number Of Homes And Apartments:
5,656

Nipomo 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
78.04% 3.40% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,740 / per month

Homeownership Rate

Homeownership
Owners 70.97
Renters 29.03
Vacant 5.91

Housing Market Details

 

Age of Homes

AGE OF Nipomo HOMES
2000 or Newer 26.5
1970 - 1999 55.8
1940 - 1969 15.3
1939 or Older 2.3

Types of Homes

TYPE OF Nipomo HOMES
Single-Family 70.3
Townhomes 4.3
Small Apt. Buildings 6.1
Apt. Complexes 7.0
Mobile Homes 12.2
Other 0.0

Home Size

SIZE OF Nipomo HOMES
No Bedroom 2.56
1 Bedroom 2.05
2 Bedrooms 20.33
3 Bedrooms 54.98
4 Bedrooms 17.24
5 or more bedrooms 2.84

Popular Neighborhoods in Nipomo

Zip Codes in Nipomo, CA