Palmdale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Palmdale Neighborhoods Since 2000




Palmdale, 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

Palmdale Housing Market Information

With a population of 158,351, 42,720 total housing units (homes and apartments), and a median house value of $241,632, Palmdale real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Palmdale, accounting for 79.98% of the city's housing units. Other types of housing that are prevalent in Palmdale include large apartment complexes or high rise apartments ( 11.88%), mobile homes or trailers ( 3.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.80%).

The most prevalent building size and type in Palmdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.07% owning and 36.93% renting.

There is a lot of housing in Palmdale 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 Palmdale built between 2000 and later ( 22.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.76%). There's also some housing in Palmdale built before 1939 ( 1.15%).

Palmdale Home Appreciation Rates

Homes have actually lost value in Palmdale over the last then years, as home values have seen a decline of 29.31% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Palmdale home appreciation rates at 1.99%, which equates to an annual appreciation rate of 8.20%.

Appreciation rates are so strong in Palmdale that despite a nationwide downturn in the housing market, Palmdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Palmdale appreciation rates continue to be some of the highest in America, at 10.57%, which is higher than appreciation rates in 95.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Palmdale. Palmdale appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Palmdale 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 Palmdale's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Palmdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palmdale - 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 Palmdale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$241,632

Palmdale, CA HOME PRICES

Value Range
> $1,421,000 0.5
$1,066,001 - $1,421,000 0.5
$711,001 - $1,066,000 1.1
$568,001 - $711,000 2.6
$426,001 - $568,000 8.3
$285,001 - $426,000 27.0
$142,001 - $285,000 45.8
$71,001 - $142,000 9.4
$0 - $71,000 4.9

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
23.8603070432439 77.9100529100529

Number Of Homes And Apartments:
42,720

Palmdale 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
89.66% 3.78% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,837 / per month

Homeownership Rate

Homeownership
Owners 63.07
Renters 36.93
Vacant 8.12

Housing Market Details

 

Age of Homes

AGE OF Palmdale HOMES
2000 or Newer 22.1
1970 - 1999 63.9
1940 - 1969 12.8
1939 or Older 1.1

Types of Homes

TYPE OF Palmdale HOMES
Single-Family 80.0
Townhomes 1.4
Small Apt. Buildings 2.8
Apt. Complexes 11.9
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Palmdale HOMES
No Bedroom 0.97
1 Bedroom 4.91
2 Bedrooms 13.76
3 Bedrooms 39.55
4 Bedrooms 31.45
5 or more bedrooms 9.36