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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 50,157 people, 15,832 houses or apartments, and a median cost of homes of $630,394, real estate costs in Poway 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 Poway, accounting for 73.88% of the city's housing units. Other types of housing that are prevalent in Poway include large apartment complexes or high rise apartments ( 13.32%), row houses and other attached homes ( 5.29%), and a few mobile homes or trailers ( 4.81%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Poway. Owner-occupied housing accounts for 73.05% of Poway's homes, and 70.20% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Poway 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 Poway built between 1940-1969 ( 21.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.94%). There's also some housing in Poway built before 1939 ( 1.11%).
Appreciation rates for homes in Poway have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.55%, which ranks in the top 40% nationwide. This equates to an annual average Poway house appreciation rate of 0.73%.
Appreciation rates are so strong in Poway that despite a nationwide downturn in the housing market, Poway real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Poway appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 81.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Poway. Poway appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.
Importantly, this makes Poway 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 Poway'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 Poway differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Poway - 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 Poway real estate investment or home purchase decisions.
|$943,001 - $1,257,000||12.3|
|$629,001 - $943,000||30.2|
|$503,001 - $629,000||19.4|
|$377,001 - $503,000||16.0|
|$252,001 - $377,000||4.5|
|$126,001 - $252,000||2.8|
|$63,001 - $126,000||2.0|
|$0 - $63,000||3.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Poway HOMES|
|2000 or Newer||8.9|
|1970 - 1999||68.4|
|1940 - 1969||21.6|
|1939 or Older||1.1|
|TYPE OF Poway HOMES|
|Small Apt. Buildings||2.6|
|SIZE OF Poway HOMES|
|5 or more bedrooms||8.98|