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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Poway Housing Market Information

With 49,704 people, 15,766 houses or apartments, and a median cost of homes of $733,256, 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 72.97% of the city's housing units. Other types of housing that are prevalent in Poway include large apartment complexes or high rise apartments ( 14.04%), row houses and other attached homes ( 5.55%), and a few mobile homes or trailers ( 4.25%).

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 72.88% of Poway's homes, and 68.71% 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 ( 19.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.86%). There's also some housing in Poway built before 1939 ( 1.16%).

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 57.06% over the last ten years, which is an average annual home appreciation rate of 4.62%, 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.

Over the last year, Poway appreciation rates have trailed the rest of the nation. In the last twelve months, Poway's appreciation rate has been 2.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Poway were at 1.23%, which equates to an annual appreciation rate of 5.02%.

Relative to California, our data show that Poway's latest annual appreciation rate is lower 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 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:
$733,256

Poway, CA HOME PRICES

Value Range
> $1,185,000 14.1
$889,001 - $1,185,000 17.3
$592,001 - $889,000 38.3
$474,001 - $592,000 15.4
$355,001 - $474,000 5.9
$237,001 - $355,000 2.4
$118,001 - $237,000 2.3
$59,001 - $118,000 1.9
$0 - $59,000 2.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.93138686131387 24.3774574049803

Number Of Homes And Apartments:
15,766

Poway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
128.20% 4.21%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,733 / per month

Homeownership Rate

Homeownership
Owners 72.88
Renters 27.12
Vacant 4.25

Housing Market Details

 

Age of Homes

AGE OF Poway HOMES
2000 or Newer 9.9
1970 - 1999 69.1
1940 - 1969 19.9
1939 or Older 1.2

Types of Homes

TYPE OF Poway HOMES
Single-Family 73.0
Townhomes 5.6
Small Apt. Buildings 3.2
Apt. Complexes 14.0
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Poway HOMES
No Bedroom 1.66
1 Bedroom 5.34
2 Bedrooms 15.32
3 Bedrooms 33.99
4 Bedrooms 34.72
5 or more bedrooms 8.97