Port Hueneme, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Port Hueneme Neighborhoods Since 2000




Port Hueneme, 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

Port Hueneme Housing Market Information

With 22,423 people, 6,809 houses or apartments, and a median cost of homes of $436,668, real estate costs in Port Hueneme 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 Port Hueneme, accounting for 35.44% of the city's housing units. Other types of housing that are prevalent in Port Hueneme include row houses and other attached homes ( 28.97%), large apartment complexes or high rise apartments ( 22.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.52%).

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

There is a lot of housing in Port Hueneme 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 Port Hueneme built between 1940-1969 ( 39.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.26%). There's also some housing in Port Hueneme built before 1939 ( 1.55%).

Vacant housing appears to be an issue in Port Hueneme. Fully 13.64% of the housing stock is classified as vacant. Left unchecked, vacant Port Hueneme homes and apartments can be a drag on the real estate market, holding Port Hueneme 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.

Port Hueneme Home Appreciation Rates

Homes have actually lost value in Port Hueneme over the last then years, as home values have seen a decline of 22.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Port Hueneme home appreciation rates at 1.13%, which equates to an annual appreciation rate of 4.58%.

Appreciation rates are so strong in Port Hueneme that despite a nationwide downturn in the housing market, Port Hueneme real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Hueneme appreciation rates continue to be some of the highest in America, at 7.79%, which is higher than appreciation rates in 85.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Hueneme. Port Hueneme appreciation rates in the latest quarter were at 1.13%, which equates to an annual appreciation rate of 4.58%.

Relative to California, our data show that Port Hueneme's latest annual appreciation rate is higher than 50% 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 Port Hueneme differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Hueneme - 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 Port Hueneme real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$436,668

Port Hueneme, CA HOME PRICES

Value Range
> $1,353,000 0.0
$1,015,001 - $1,353,000 0.4
$676,001 - $1,015,000 7.2
$541,001 - $676,000 13.1
$406,001 - $541,000 27.9
$270,001 - $406,000 38.3
$136,001 - $270,000 7.9
$67,001 - $136,000 1.5
$0 - $67,000 3.7

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.8167115902965 48.2804232804233

Number Of Homes And Apartments:
6,809

Port Hueneme 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
88.67% 3.75% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,072 / per month

Homeownership Rate

Homeownership
Owners 43.46
Renters 56.54
Vacant 13.64

Housing Market Details

 

Age of Homes

AGE OF Port Hueneme HOMES
2000 or Newer 5.3
1970 - 1999 53.7
1940 - 1969 39.5
1939 or Older 1.5

Types of Homes

TYPE OF Port Hueneme HOMES
Single-Family 35.4
Townhomes 29.0
Small Apt. Buildings 12.5
Apt. Complexes 22.3
Mobile Homes 0.3
Other 0.5

Home Size

SIZE OF Port Hueneme HOMES
No Bedroom 2.04
1 Bedroom 8.88
2 Bedrooms 40.92
3 Bedrooms 37.29
4 Bedrooms 10.19
5 or more bedrooms 0.68