Rancho Palos Verdes, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rancho Palos Verdes, CA Housing Market Trends

With a population of 41,530, 15,488 total housing units (homes and apartments), and a median house value of $1,250,582, 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 75.69% 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 ( 15.33%), row houses and other attached homes ( 5.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.96%).

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 77.11% of Rancho Palos Verdes's homes, and 65.82% 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 64.98% of the city's housing hails from this era. Other housing ages represented in Rancho Palos Verdes include homes built between 1970-1999 ( 30.97%) and housing constructed between 2000 and later ( 2.51%). There's also some housing in Rancho Palos Verdes built before 1939 ( 1.54%).

Rancho Palos Verdes Home Appreciation Rates

Real estate appreciation rates in Rancho Palos Verdes's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.10% during the period.

Over the last year, Rancho Palos Verdes appreciation rates have trailed the rest of the nation. In the last twelve months, Rancho Palos Verdes's appreciation rate has been 4.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rancho Palos Verdes were at 3.15%, which equates to an annual appreciation rate of 13.22%.

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.

Average Home Values

 

Median Home Value:
$1,250,582

Rancho Palos Verdes, CA HOME PRICES

> $1,063,000
62.8%
62.8%
$796,001 - $1,063,000
20.8%
20.8%
$531,001 - $796,000
11.3%
11.3%
$425,001 - $531,000
2.1%
2.1%
$319,001 - $425,000
1.6%
1.6%
$213,001 - $319,000
0.3%
0.3%
$106,001 - $213,000
0.6%
0.6%
$53,001 - $106,000
0.0%
0.0%
$0 - $53,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
15,488

Rancho Palos Verdes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
114.16% 3.61%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,879 / per month

Homeownership Rate

Owners
77.1%
77.1%
Renters
22.9%
22.9%
Vacant
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.5%
2.5%
1970 - 1999
31.0%
31.0%
1940 - 1969
65.0%
65.0%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.7%
75.7%
Townhomes
5.9%
5.9%
Small Apt. Buildings
3.0%
3.0%
Apt. Complexes
15.3%
15.3%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
4.1%
4.1%
2 Bedrooms
17.6%
17.6%
3 Bedrooms
29.6%
29.6%
4 Bedrooms
36.2%
36.2%
5 or more bedrooms
11.5%
11.5%
0.0% 100.0%
% OF HOMES