Poway, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Poway, 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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Poway Housing Market Information

With a population of 50,041, 15,769 total housing units (homes and apartments), and a median house value of $731,259, 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 72.40% of the city's housing units. Other types of housing that are prevalent in Poway include large apartment complexes or high rise apartments ( 13.97%), row houses and other attached homes ( 6.08%), and a few mobile homes or trailers ( 4.17%).

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 73.45% of Poway's homes, and 68.91% 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 ( 19.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.85%).

Poway Home Appreciation Rates

In the last 10 years, Poway has experienced some of the highest home appreciation rates of any community in the nation. Poway real estate appreciated 55.05% over the last ten years, which is an average annual home appreciation rate of 4.48%, putting Poway in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Poway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.04%, which is higher than appreciation rates in 79.22% 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 1.19%, which equates to an annual appreciation rate of 4.86%.

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.

Average Home Values

 

Median Home Value:
$731,259

Poway, CA HOME PRICES

Value Range
> $1,287,000 12.5
$965,001 - $1,287,000 15.3
$643,001 - $965,000 35.5
$515,001 - $643,000 17.8
$386,001 - $515,000 9.1
$257,001 - $386,000 3.1
$129,001 - $257,000 2.2
$64,001 - $129,000 2.0
$0 - $64,000 2.4

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.06569343065693 26.2123197903014

Number Of Homes And Apartments:
15,769

Poway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
130.53% 4.43%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,511 / per month

Homeownership Rate

Homeownership
Owners 73.45
Renters 26.55
Vacant 3.95

Housing Market Details

 

Age of Homes

AGE OF Poway HOMES
2000 or Newer 9.8
1970 - 1999 69.6
1940 - 1969 19.6
1939 or Older 0.9

Types of Homes

TYPE OF Poway HOMES
Single-Family 72.4
Townhomes 6.1
Small Apt. Buildings 3.4
Apt. Complexes 14.0
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Poway HOMES
No Bedroom 1.18
1 Bedroom 5.26
2 Bedrooms 15.73
3 Bedrooms 35.67
4 Bedrooms 33.24
5 or more bedrooms 8.92