Pico Rivera, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pico Rivera, CA Real Estate Data


Pico Rivera Housing Market Information

With 64,218 people, 16,464 houses or apartments, and a median cost of homes of $445,350, 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 75.14% of the city's housing units. Other types of housing that are prevalent in Pico Rivera include large apartment complexes or high rise apartments ( 14.04%), duplexes, homes converted to apartments or other small apartment buildings ( 4.46%), and a few row houses and other attached homes ( 3.86%).

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 67.22% of Pico Rivera's homes, and 54.61% 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 72.35% of the city's housing hails from this era. Other housing ages represented in Pico Rivera include homes built between 1970-1999 ( 19.02%) and housing constructed before 1939 ( 6.31%). There's also some housing in Pico Rivera built between 2000 and later ( 2.31%).

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 -1.42%, which is lower than 80% 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 6.06%, which is higher than appreciation rates in 75.01% 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 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Pico Rivera's latest annual appreciation rate is lower than 60% 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:
$445,350

Pico Rivera, CA HOME PRICES

Value Range
> $1,366,000 1.6
$1,024,001 - $1,366,000 0.7
$683,001 - $1,024,000 6.6
$546,001 - $683,000 11.0
$410,001 - $546,000 41.8
$273,001 - $410,000 28.4
$136,001 - $273,000 3.9
$68,001 - $136,000 1.2
$0 - $68,000 4.6

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.82338818293611 46.4993394980185

Number Of Homes And Apartments:
16,464

Rent & Ownership

 

Average Market Rent:
$1,644 / per month

Homeownership Rate

Homeownership
Owners 67.22
Renters 32.78
Vacant 3.54

Housing Market Details

 

Age of Homes

AGE OF Pico Rivera HOMES
2000 or Newer 2.3
1970 - 1999 19.0
1940 - 1969 72.4
1939 or Older 6.3

Types of Homes

TYPE OF Pico Rivera HOMES
Single-Family 75.1
Townhomes 3.9
Small Apt. Buildings 4.5
Apt. Complexes 14.0
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Pico Rivera HOMES
No Bedroom 3.18
1 Bedroom 8.96
2 Bedrooms 29.87
3 Bedrooms 42.62
4 Bedrooms 11.99
5 or more bedrooms 3.38

Pico Rivera 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
127.66% 4.96% 10 10
* 10 is highest