Placentia, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Placentia Neighborhoods Since 2000




Placentia, 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

Placentia Housing Market Information

With 52,495 people, 16,050 houses or apartments, and a median cost of homes of $641,322, 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 59.61% of the city's housing units. Other types of housing that are prevalent in Placentia include large apartment complexes or high rise apartments ( 17.10%), row houses and other attached homes ( 12.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.75%).

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 65.00% owning and 35.00% 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 ( 31.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.87%). There's also some housing in Placentia built before 1939 ( 4.14%).

Placentia Home Appreciation Rates

Real estate appreciation rates in Placentia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.

Appreciation rates are so strong in Placentia that despite a nationwide downturn in the housing market, Placentia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Placentia appreciation rates continue to be some of the highest in America, at 6.71%, which is higher than appreciation rates in 79.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Placentia. Placentia appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Placentia 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 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:
$641,322

Placentia, CA HOME PRICES

Value Range
> $1,267,000 1.0
$950,001 - $1,267,000 7.1
$634,001 - $950,000 40.8
$507,001 - $634,000 18.0
$380,001 - $507,000 12.7
$253,001 - $380,000 9.9
$127,001 - $253,000 5.7
$63,001 - $127,000 1.5
$0 - $63,000 3.4

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.310676198289 26.8518518518519

Number Of Homes And Apartments:
16,050

Placentia 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
116.07% 4.57% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,400 / per month

Homeownership Rate

Homeownership
Owners 65.00
Renters 35.00
Vacant 3.04

Housing Market Details

 

Age of Homes

AGE OF Placentia HOMES
2000 or Newer 8.9
1970 - 1999 55.7
1940 - 1969 31.3
1939 or Older 4.1

Types of Homes

TYPE OF Placentia HOMES
Single-Family 59.6
Townhomes 12.6
Small Apt. Buildings 6.8
Apt. Complexes 17.1
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Placentia HOMES
No Bedroom 1.01
1 Bedroom 7.13
2 Bedrooms 24.90
3 Bedrooms 30.71
4 Bedrooms 29.76
5 or more bedrooms 6.48