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
With a population of 13,682, 4,826 total housing units (homes and apartments), and a median house value of $1,984,923, Palos Verdes Estates house prices are not only among the most expensive in California, Palos Verdes Estates real estate also is some of the most expensive in all of America.
Palos Verdes Estates is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Palos Verdes Estates than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palos Verdes Estates. Owner-occupied housing accounts for 87.63% of Palos Verdes Estates's homes, and 68.02% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Palos Verdes Estates's housing was primarily built during this period, from the '40s through the '60s. A full 61.03% of the city's housing hails from this era. Other housing ages represented in Palos Verdes Estates include homes built between 1970-1999 ( 28.93%) and housing constructed before 1939 ( 6.28%). There's also some housing in Palos Verdes Estates built between 2000 and later ( 3.76%).
In the last 10 years, Palos Verdes Estates has experienced some of the highest home appreciation rates of any community in the nation. Palos Verdes Estates real estate appreciated 21.43% over the last ten years, which is an average annual home appreciation rate of 1.96%, putting Palos Verdes Estates in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Palos Verdes Estates definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Palos Verdes Estates that despite a nationwide downturn in the housing market, Palos Verdes Estates real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Palos Verdes Estates appreciation rates continue to be some of the highest in America, at 8.50%, which is higher than appreciation rates in 88.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Palos Verdes Estates. Palos Verdes Estates appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes Palos Verdes Estates 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 Palos Verdes Estates's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
|$942,001 - $1,256,000||12.5|
|$628,001 - $942,000||4.6|
|$502,001 - $628,000||0.7|
|$377,001 - $502,000||0.9|
|$251,001 - $377,000||0.6|
|$126,001 - $251,000||0.8|
|$63,001 - $126,000||0.0|
|$0 - $63,000||0.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Palos Verdes Estates HOMES|
|2000 or Newer||3.8|
|1970 - 1999||28.9|
|1940 - 1969||61.0|
|1939 or Older||6.3|
|TYPE OF Palos Verdes Estates HOMES|
|Small Apt. Buildings||0.8|
|SIZE OF Palos Verdes Estates HOMES|
|5 or more bedrooms||18.70|