Pismo Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pismo Beach, 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

Pismo Beach Housing Market Information

With a population of 8,162, 3,867 total housing units (homes and apartments), and a median house value of $772,095, Pismo Beach house prices are not only among the most expensive in California, Pismo Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Pismo Beach, accounting for 53.58% of the city's housing units. Other types of housing that are prevalent in Pismo Beach include mobile homes or trailers ( 13.07%), duplexes, homes converted to apartments or other small apartment buildings ( 12.90%), and a few row houses and other attached homes ( 11.59%).

People in Pismo Beach primarily live in small (one, two or no bedroom) single-family detached homes. Pismo Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pismo Beach 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 Pismo Beach built between 1940-1969 ( 22.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.82%). There's also some housing in Pismo Beach built before 1939 ( 8.06%).

Vacant housing appears to be an issue in Pismo Beach. Fully 26.31% of the housing stock is classified as vacant. Left unchecked, vacant Pismo Beach homes and apartments can be a drag on the real estate market, holding Pismo Beach 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.

Pismo Beach Home Appreciation Rates

Appreciation rates for homes in Pismo Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.84%, which ranks in the top 30% nationwide. This equates to an annual average Pismo Beach house appreciation rate of 0.94%.

Appreciation rates are so strong in Pismo Beach that despite a nationwide downturn in the housing market, Pismo Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pismo Beach appreciation rates continue to be some of the highest in America, at 8.78%, which is higher than appreciation rates in 89.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pismo Beach. Pismo Beach appreciation rates in the latest quarter were at 0.09%, which equates to an annual appreciation rate of 0.34%.

Relative to California, our data show that Pismo Beach's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$772,095

Pismo Beach, CA HOME PRICES

Value Range
> $1,339,000 16.0
$1,004,001 - $1,339,000 15.5
$669,001 - $1,004,000 35.4
$535,001 - $669,000 11.0
$401,001 - $535,000 9.4
$268,001 - $401,000 3.1
$134,001 - $268,000 3.9
$67,001 - $134,000 2.0
$0 - $67,000 3.7

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.12117660846127 19.973544973545

Number Of Homes And Apartments:
3,867

Pismo Beach 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
124.22% 4.79% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,392 / per month

Homeownership Rate

Homeownership
Owners 54.76
Renters 45.24
Vacant 26.31

Housing Market Details

 

Age of Homes

AGE OF Pismo Beach HOMES
2000 or Newer 14.8
1970 - 1999 54.5
1940 - 1969 22.6
1939 or Older 8.1

Types of Homes

TYPE OF Pismo Beach HOMES
Single-Family 53.6
Townhomes 11.6
Small Apt. Buildings 12.9
Apt. Complexes 8.6
Mobile Homes 13.1
Other 0.2

Home Size

SIZE OF Pismo Beach HOMES
No Bedroom 4.40
1 Bedroom 12.73
2 Bedrooms 40.70
3 Bedrooms 34.32
4 Bedrooms 6.52
5 or more bedrooms 1.33

Popular Neighborhoods in Pismo Beach

Zip Codes in Pismo Beach, CA