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 14,773, 4,475 total housing units (homes and apartments), and a median house value of $214,394, Phelan real estate values are some of the lowest in California, although compared to real estate around the nation, Phelan homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Phelan, accounting for 70.42% of the town's housing units. Other types of housing that are prevalent in Phelan include mobile homes or trailers ( 27.66%), duplexes, homes converted to apartments or other small apartment buildings ( 1.93%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Phelan. Owner-occupied housing accounts for 73.12% of Phelan's homes, and 80.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Phelan 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 Phelan built between 2000 and later ( 28.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.82%). There's also some housing in Phelan built before 1939 ( 1.65%).
Vacant housing appears to be an issue in Phelan. Fully 11.16% of the housing stock is classified as vacant. Left unchecked, vacant Phelan homes and apartments can be a drag on the real estate market, holding Phelan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Phelan over the last then years, as home values have seen a decline of 30.49% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Phelan home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.
Appreciation rates are so strong in Phelan that despite a nationwide downturn in the housing market, Phelan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Phelan appreciation rates continue to be some of the highest in America, at 9.85%, which is higher than appreciation rates in 93.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Phelan. Phelan appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.
Importantly, this makes Phelan 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 Phelan's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
|$1,080,001 - $1,441,000||1.8|
|$720,001 - $1,080,000||2.6|
|$576,001 - $720,000||1.8|
|$432,001 - $576,000||9.0|
|$288,001 - $432,000||18.8|
|$144,001 - $288,000||36.5|
|$72,001 - $144,000||22.0|
|$0 - $72,000||7.5|
|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 Phelan HOMES|
|2000 or Newer||28.3|
|1970 - 1999||64.2|
|1940 - 1969||5.8|
|1939 or Older||1.6|
|TYPE OF Phelan HOMES|
|Small Apt. Buildings||1.9|
|SIZE OF Phelan HOMES|
|5 or more bedrooms||1.51|