Pico Rivera, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pico Rivera, 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

Pico Rivera Housing Market Information

With a population of 64,218, 16,606 total housing units (homes and apartments), and a median house value of $451,052, real estate costs in Pico Rivera 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 Pico Rivera, accounting for 75.05% of the city's housing units. Other types of housing that are prevalent in Pico Rivera include large apartment complexes or high rise apartments ( 14.39%), duplexes, homes converted to apartments or other small apartment buildings ( 4.07%), and a few row houses and other attached homes ( 4.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pico Rivera. Owner-occupied housing accounts for 66.06% of Pico Rivera's homes, and 54.82% 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. Pico Rivera's housing was primarily built during this period, from the '40s through the '60s. A full 72.50% of the city's housing hails from this era. Other housing ages represented in Pico Rivera include homes built between 1970-1999 ( 19.53%) and housing constructed before 1939 ( 5.84%). There's also some housing in Pico Rivera built between 2000 and later ( 2.12%).

Pico Rivera Home Appreciation Rates

Pico Rivera's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pico Rivera during the period has been just -0.98%, which is lower than 70% of US communities.

Appreciation rates are so strong in Pico Rivera that despite a nationwide downturn in the housing market, Pico Rivera real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pico Rivera appreciation rates continue to be some of the highest in America, at 9.03%, which is higher than appreciation rates in 90.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pico Rivera. Pico Rivera appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Pico Rivera 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 Pico Rivera's latest annual appreciation rate is higher than 70% 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 Pico Rivera differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pico Rivera - 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 Pico Rivera real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$451,052

Pico Rivera, CA HOME PRICES

Value Range
> $1,344,000 1.1
$1,008,001 - $1,344,000 0.6
$672,001 - $1,008,000 6.8
$538,001 - $672,000 13.1
$403,001 - $538,000 43.3
$269,001 - $403,000 26.8
$134,001 - $269,000 3.3
$67,001 - $134,000 1.2
$0 - $67,000 3.9

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.35966248681589 46.031746031746

Number Of Homes And Apartments:
16,606

Pico Rivera 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
138.34% 5.16% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,693 / per month

Homeownership Rate

Homeownership
Owners 66.06
Renters 33.94
Vacant 3.57

Housing Market Details

 

Age of Homes

AGE OF Pico Rivera HOMES
2000 or Newer 2.1
1970 - 1999 19.5
1940 - 1969 72.5
1939 or Older 5.8

Types of Homes

TYPE OF Pico Rivera HOMES
Single-Family 75.1
Townhomes 4.0
Small Apt. Buildings 4.1
Apt. Complexes 14.4
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Pico Rivera HOMES
No Bedroom 3.44
1 Bedroom 8.93
2 Bedrooms 29.27
3 Bedrooms 42.60
4 Bedrooms 12.21
5 or more bedrooms 3.54