Placentia, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Placentia, CA Housing Market Trends

With a population of 51,233, 16,583 total housing units (homes and apartments), and a median house value of $733,064, real estate costs in Placentia 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 Placentia, accounting for 59.08% of the city's housing units. Other types of housing that are prevalent in Placentia include large apartment complexes or high rise apartments ( 17.07%), row houses and other attached homes ( 12.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.43%).

The most prevalent building size and type in Placentia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.64% owning and 35.36% renting.

There is a lot of housing in Placentia 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 Placentia built between 1940-1969 ( 33.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.80%). There's also some housing in Placentia built before 1939 ( 2.18%).

Placentia Home Appreciation Rates

Appreciation rates for homes in Placentia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 66.02%, which ranks in the top 30% nationwide. This equates to an annual average Placentia house appreciation rate of 5.20%.

Over the last year, Placentia appreciation rates have trailed the rest of the nation. In the last twelve months, Placentia's appreciation rate has been 7.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Placentia were at 3.12%, which equates to an annual appreciation rate of 13.10%.

Relative to California, our data show that Placentia's latest annual appreciation rate is lower 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 Placentia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Placentia - 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 Placentia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$733,064

Placentia, CA HOME PRICES

> $1,185,000
3.2%
3.2%
$889,001 - $1,185,000
19.7%
19.7%
$593,001 - $889,000
46.3%
46.3%
$474,001 - $593,000
15.1%
15.1%
$355,001 - $474,000
7.0%
7.0%
$237,001 - $355,000
3.2%
3.2%
$118,001 - $237,000
1.0%
1.0%
$59,001 - $118,000
2.4%
2.4%
$0 - $59,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
16,583

Placentia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
160.51% 4.55%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,955 / per month

Homeownership Rate

Owners
64.6%
64.6%
Renters
35.4%
35.4%
Vacant
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.8%
10.8%
1970 - 1999
53.2%
53.2%
1940 - 1969
33.9%
33.9%
1939 or Older
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.1%
59.1%
Townhomes
12.3%
12.3%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
17.1%
17.1%
Mobile Homes
4.0%
4.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
8.0%
8.0%
2 Bedrooms
25.4%
25.4%
3 Bedrooms
29.8%
29.8%
4 Bedrooms
29.5%
29.5%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES