Ramona, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Ramona, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Ramona Housing Market Information

With a population of 21,072, 6,711 total housing units (homes and apartments), and a median house value of $534,299, real estate costs in Ramona 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 Ramona, accounting for 70.51% of the town's housing units. Other types of housing that are prevalent in Ramona include large apartment complexes or high rise apartments ( 16.02%), mobile homes or trailers ( 6.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ramona. Owner-occupied housing accounts for 66.46% of Ramona's homes, and 63.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ramona 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 Ramona built between 1940-1969 ( 18.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.55%). There's also some housing in Ramona built before 1939 ( 3.90%).

Ramona Home Appreciation Rates

In the last 10 years, Ramona has experienced some of the highest home appreciation rates of any community in the nation. Ramona real estate appreciated 35.27% over the last ten years, which is an average annual home appreciation rate of 3.07%, putting Ramona in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ramona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Ramona's appreciation rate, at 3.89%, has been at or slightly above the national average. In the latest quarter, Ramona's appreciation rate has been 0.66%, which annualizes to a rate of 2.66%.

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

Average Home Values

 

Median Home Value:
$534,299

Ramona, CA HOME PRICES

Value Range
> $1,250,000 3.0
$937,001 - $1,250,000 5.8
$625,001 - $937,000 24.3
$500,001 - $625,000 25.9
$375,001 - $500,000 23.2
$250,001 - $375,000 8.7
$125,001 - $250,000 3.4
$62,001 - $125,000 0.8
$0 - $62,000 4.9

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.15474452554745 41.4154652686763

Number Of Homes And Apartments:
6,711

Ramona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
92.05% 3.45%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,747 / per month

Homeownership Rate

Homeownership
Owners 66.46
Renters 33.54
Vacant 6.30

Housing Market Details

 

Age of Homes

AGE OF Ramona HOMES
2000 or Newer 11.5
1970 - 1999 65.7
1940 - 1969 18.8
1939 or Older 3.9

Types of Homes

TYPE OF Ramona HOMES
Single-Family 70.5
Townhomes 1.7
Small Apt. Buildings 4.8
Apt. Complexes 16.0
Mobile Homes 6.6
Other 0.3

Home Size

SIZE OF Ramona HOMES
No Bedroom 1.03
1 Bedroom 5.64
2 Bedrooms 27.28
3 Bedrooms 44.35
4 Bedrooms 19.28
5 or more bedrooms 2.42