With 49,324 people, 16,980 houses or apartments, and a median cost of homes of $665,949, real estate costs in Rancho Santa Margarita 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 Rancho Santa Margarita, accounting for 55.52% of the city's housing units. Other types of housing that are prevalent in Rancho Santa Margarita include large apartment complexes or high rise apartments ( 22.57%), row houses and other attached homes ( 16.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.74%).
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 Santa Margarita. Owner-occupied housing accounts for 71.14% of Rancho Santa Margarita's homes, and 53.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rancho Santa Margarita 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 Rancho Santa Margarita built between 2000 and later ( 6.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.97%).
Real estate appreciation rates in Rancho Santa Margarita's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.
Over the last year, Rancho Santa Margarita appreciation rates have trailed the rest of the nation. In the last twelve months, Rancho Santa Margarita's appreciation rate has been -0.67%, 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 Santa Margarita were at -0.10%, which equates to an annual appreciation rate of -0.38%.
Relative to California, our data show that Rancho Santa Margarita's latest annual appreciation rate is lower than 90% 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 Santa Margarita differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rancho Santa Margarita - 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 Santa Margarita real estate investment or home purchase decisions.
|$959,001 - $1,279,000||15.9|
|$639,001 - $959,000||36.3|
|$511,001 - $639,000||15.3|
|$384,001 - $511,000||16.1|
|$256,001 - $384,000||8.3|
|$128,001 - $256,000||2.5|
|$64,001 - $128,000||0.4|
|$0 - $64,000||1.9|
|Value Relative to Nation||Value Relative to State|
|AGE OF Rancho Santa Margarita HOMES|
|2000 or Newer||6.7|
|1970 - 1999||90.8|
|1940 - 1969||2.0|
|1939 or Older||0.6|
|TYPE OF Rancho Santa Margarita HOMES|
|Small Apt. Buildings||4.7|
|SIZE OF Rancho Santa Margarita HOMES|
|5 or more bedrooms||7.44|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
2000 Q1 - 2016 Q4
|* 10 is highest|