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 a population of 42,732, 15,820 total housing units (homes and apartments), and a median house value of $1,168,649, Rancho Palos Verdes house prices are not only among the most expensive in California, Rancho Palos Verdes real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Rancho Palos Verdes, accounting for 76.42% of the city's housing units. Other types of housing that are prevalent in Rancho Palos Verdes include large apartment complexes or high rise apartments ( 15.03%), row houses and other attached homes ( 7.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.33%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rancho Palos Verdes. Owner-occupied housing accounts for 79.38% of Rancho Palos Verdes's homes, and 66.19% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rancho Palos Verdes's housing was primarily built during this period, from the '40s through the '60s. A full 61.87% of the city's housing hails from this era. Other housing ages represented in Rancho Palos Verdes include homes built between 1970-1999 ( 34.10%) and housing constructed between 2000 and later ( 2.76%). There's also some housing in Rancho Palos Verdes built before 1939 ( 1.26%).
Appreciation rates for homes in Rancho Palos Verdes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.14%, which ranks in the top 40% nationwide. This equates to an annual average Rancho Palos Verdes house appreciation rate of 0.79%.
Appreciation rates are so strong in Rancho Palos Verdes that despite a nationwide downturn in the housing market, Rancho Palos Verdes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rancho Palos Verdes appreciation rates continue to be some of the highest in America, at 6.01%, which is higher than appreciation rates in 74.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rancho Palos Verdes. Rancho Palos Verdes appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes Rancho Palos Verdes 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 Rancho Palos Verdes's latest annual appreciation rate is lower than 80% 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 Rancho Palos Verdes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rancho Palos Verdes - 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 Rancho Palos Verdes real estate investment or home purchase decisions.
|$916,001 - $1,221,000||27.0|
|$610,001 - $916,000||16.4|
|$488,001 - $610,000||4.5|
|$366,001 - $488,000||3.3|
|$244,001 - $366,000||1.3|
|$122,001 - $244,000||1.3|
|$61,001 - $122,000||1.0|
|$0 - $61,000||0.5|
|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 Rancho Palos Verdes HOMES|
|2000 or Newer||2.8|
|1970 - 1999||34.1|
|1940 - 1969||61.9|
|1939 or Older||1.3|
|TYPE OF Rancho Palos Verdes HOMES|
|Small Apt. Buildings||1.3|
|SIZE OF Rancho Palos Verdes HOMES|
|5 or more bedrooms||13.42|