Rancho Palos Verdes, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rancho Palos Verdes, CA Real Estate Data


Rancho Palos Verdes Housing Market Information

With 42,732 people, 15,852 houses or apartments, and a median cost of homes of $1,193,450, 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 76.65% 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 ( 15.02%), row houses and other attached homes ( 7.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.13%).

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 78.83% of Rancho Palos Verdes's homes, and 66.70% 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 62.39% of the city's housing hails from this era. Other housing ages represented in Rancho Palos Verdes include homes built between 1970-1999 ( 33.36%) and housing constructed between 2000 and later ( 2.90%). There's also some housing in Rancho Palos Verdes built before 1939 ( 1.36%).

Rancho Palos Verdes Home Appreciation Rates

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 5.13%, which ranks in the top 50% nationwide. This equates to an annual average Rancho Palos Verdes house appreciation rate of 0.50%.

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 5.97%, which is higher than appreciation rates in 73.79% 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 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Rancho Palos Verdes'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 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:
$1,193,450

Rancho Palos Verdes, CA HOME PRICES

Value Range
> $1,307,000 42.6
$980,001 - $1,307,000 28.4
$653,001 - $980,000 17.4
$523,001 - $653,000 4.6
$392,001 - $523,000 2.7
$261,001 - $392,000 1.3
$131,001 - $261,000 1.1
$65,001 - $131,000 1.1
$0 - $65,000 0.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.790536979563155 8.58652575957728

Number Of Homes And Apartments:
15,852

Rent & Ownership

 

Average Market Rent:
$2,737 / per month

Homeownership Rate

Homeownership
Owners 78.83
Renters 21.17
Vacant 4.40

Housing Market Details

 

Age of Homes

AGE OF Rancho Palos Verdes HOMES
2000 or Newer 2.9
1970 - 1999 33.4
1940 - 1969 62.4
1939 or Older 1.4

Types of Homes

TYPE OF Rancho Palos Verdes HOMES
Single-Family 76.6
Townhomes 7.1
Small Apt. Buildings 1.1
Apt. Complexes 15.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Rancho Palos Verdes HOMES
No Bedroom 1.04
1 Bedroom 3.68
2 Bedrooms 15.43
3 Bedrooms 30.97
4 Bedrooms 35.73
5 or more bedrooms 13.14

Rancho Palos Verdes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
104.39% 4.29% 8 10
* 10 is highest