Pomona, 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 Q4 2020. 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

Pomona, CA Housing Market Trends

With a population of 151,691, 39,097 total housing units (homes and apartments), and a median house value of $465,972, real estate costs in Pomona 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 Pomona, accounting for 62.90% of the city's housing units. Other types of housing that are prevalent in Pomona include large apartment complexes or high rise apartments ( 18.41%), duplexes, homes converted to apartments or other small apartment buildings ( 8.11%), and a few row houses and other attached homes ( 6.39%).

The most prevalent building size and type in Pomona are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.08% owning and 48.92% renting.

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. Pomona's housing was primarily built during this period, from the '40s through the '60s. A full 47.59% of the city's housing hails from this era. Other housing ages represented in Pomona include homes built between 1970-1999 ( 32.78%) and housing constructed before 1939 ( 12.53%). There's also some housing in Pomona built between 2000 and later ( 7.11%).

Pomona Home Appreciation Rates

In the last 10 years, Pomona has experienced some of the highest home appreciation rates of any community in the nation. Pomona real estate appreciated 99.81% over the last ten years, which is an average annual home appreciation rate of 7.17%, putting Pomona in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pomona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Pomona appreciation rates have trailed the rest of the nation. In the last twelve months, Pomona's appreciation rate has been 4.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pomona were at 1.52%, which equates to an annual appreciation rate of 6.22%.

Notably, Pomona's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$465,972

Pomona, CA HOME PRICES

> $1,211,000
0.8%
0.8%
$908,001 - $1,211,000
1.6%
1.6%
$606,001 - $908,000
14.6%
14.6%
$484,001 - $606,000
27.2%
27.2%
$363,001 - $484,000
34.5%
34.5%
$242,001 - $363,000
13.9%
13.9%
$121,001 - $242,000
2.2%
2.2%
$60,001 - $121,000
1.2%
1.2%
$0 - $60,000
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
39,097

Pomona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
209.63% 5.53%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,091 / per month

Homeownership Rate

Owners
51.1%
51.1%
Renters
48.9%
48.9%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.1%
7.1%
1970 - 1999
32.8%
32.8%
1940 - 1969
47.6%
47.6%
1939 or Older
12.5%
12.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.9%
62.9%
Townhomes
6.4%
6.4%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
18.4%
18.4%
Mobile Homes
4.0%
4.0%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.7%
3.7%
1 Bedroom
13.7%
13.7%
2 Bedrooms
25.6%
25.6%
3 Bedrooms
38.8%
38.8%
4 Bedrooms
16.1%
16.1%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES