Palmdale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Palmdale, CA Real Estate Data


Palmdale Housing Market Information

With a population of 158,351, 42,012 total housing units (homes and apartments), and a median house value of $245,196, 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 80.13% of the city's housing units. Other types of housing that are prevalent in Palmdale include large apartment complexes or high rise apartments ( 11.84%), mobile homes or trailers ( 3.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.84%).

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 64.27% owning and 35.73% 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 ( 22.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.13%). There's also some housing in Palmdale built before 1939 ( 1.07%).

Palmdale Home Appreciation Rates

Homes have actually lost value in Palmdale over the last then years, as home values have seen a decline of 35.49% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Palmdale home appreciation rates at 1.34%, which equates to an annual appreciation rate of 5.46%.

NeighborhoodScout's data show that during the latest twelve months, Palmdale's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Palmdale's appreciation rate has been 1.34%, which annualizes to a rate of 5.46%.

Relative to California, our data show that Palmdale's latest annual appreciation rate is lower 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:
$245,196

Palmdale, CA HOME PRICES

Value Range
> $1,465,000 3.2
$1,099,001 - $1,465,000 0.4
$732,001 - $1,099,000 0.9
$586,001 - $732,000 1.7
$439,001 - $586,000 7.2
$293,001 - $439,000 22.4
$147,001 - $293,000 48.3
$73,001 - $147,000 11.1
$0 - $73,000 4.7

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
23.8859284417638 78.7318361955086

Number Of Homes And Apartments:
42,012

Rent & Ownership

 

Average Market Rent:
$1,661 / per month

Homeownership Rate

Homeownership
Owners 64.27
Renters 35.73
Vacant 8.33

Housing Market Details

 

Age of Homes

AGE OF Palmdale HOMES
2000 or Newer 22.6
1970 - 1999 63.2
1940 - 1969 13.1
1939 or Older 1.1

Types of Homes

TYPE OF Palmdale HOMES
Single-Family 80.1
Townhomes 1.4
Small Apt. Buildings 2.8
Apt. Complexes 11.8
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Palmdale HOMES
No Bedroom 0.87
1 Bedroom 5.21
2 Bedrooms 13.19
3 Bedrooms 39.40
4 Bedrooms 31.60
5 or more bedrooms 9.72

Palmdale 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
76.17% 3.39% 5 9
* 10 is highest