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 8,258 people, 3,052 houses or apartments, and a median cost of homes of $1,332,839, Rolling Hills Estates house prices are not only among the most expensive in California, Rolling Hills Estates 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 Rolling Hills Estates, accounting for 77.33% of the city's housing units. Other types of housing that are prevalent in Rolling Hills Estates include row houses and other attached homes ( 16.62%), large apartment complexes or high rise apartments ( 4.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.90%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rolling Hills Estates. Owner-occupied housing accounts for 91.91% of Rolling Hills Estates's homes, and 73.19% 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. Rolling Hills Estates's housing was primarily built during this period, from the '40s through the '60s. A full 55.54% of the city's housing hails from this era. Other housing ages represented in Rolling Hills Estates include homes built between 1970-1999 ( 36.96%) and housing constructed between 2000 and later ( 6.88%).
Appreciation rates for homes in Rolling Hills Estates have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.92%, which ranks in the top 30% nationwide. This equates to an annual average Rolling Hills Estates house appreciation rate of 0.95%.
Appreciation rates are so strong in Rolling Hills Estates that despite a nationwide downturn in the housing market, Rolling Hills Estates real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rolling Hills Estates appreciation rates continue to be some of the highest in America, at 7.31%, which is higher than appreciation rates in 83.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rolling Hills Estates. Rolling Hills Estates appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes Rolling Hills Estates 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 Rolling Hills Estates's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
|$931,001 - $1,241,000||26.2|
|$621,001 - $931,000||10.1|
|$496,001 - $621,000||1.8|
|$372,001 - $496,000||1.2|
|$248,001 - $372,000||2.1|
|$124,001 - $248,000||1.3|
|$62,001 - $124,000||0.2|
|$0 - $62,000||0.3|
|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 Rolling Hills Estates HOMES|
|2000 or Newer||6.9|
|1970 - 1999||37.0|
|1940 - 1969||55.5|
|1939 or Older||0.6|
|TYPE OF Rolling Hills Estates HOMES|
|Small Apt. Buildings||1.9|
|SIZE OF Rolling Hills Estates HOMES|
|5 or more bedrooms||13.28|