Rosemead, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rosemead, CA Real Estate Data


Rosemead Housing Market Information

With 54,908 people, 14,604 houses or apartments, and a median cost of homes of $570,195, real estate costs in Rosemead 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 Rosemead, accounting for 74.42% of the city's housing units. Other types of housing that are prevalent in Rosemead include row houses and other attached homes ( 12.54%), large apartment complexes or high rise apartments ( 7.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.61%).

People in Rosemead primarily live in small (one, two or no bedroom) single-family detached homes. Rosemead has a mixture of owner-occupied and renter-occupied housing.

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. Rosemead's housing was primarily built during this period, from the '40s through the '60s. A full 58.24% of the city's housing hails from this era. Other housing ages represented in Rosemead include homes built between 1970-1999 ( 25.07%) and housing constructed before 1939 ( 11.94%). There's also some housing in Rosemead built between 2000 and later ( 4.75%).

Rosemead Home Appreciation Rates

Appreciation rates for homes in Rosemead have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.47%, which ranks in the top 40% nationwide. This equates to an annual average Rosemead house appreciation rate of 0.82%.

Appreciation rates are so strong in Rosemead that despite a nationwide downturn in the housing market, Rosemead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rosemead appreciation rates continue to be some of the highest in America, at 5.93%, which is higher than appreciation rates in 73.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rosemead. Rosemead 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 Rosemead'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 Rosemead differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rosemead - 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 Rosemead real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$570,195

Rosemead, CA HOME PRICES

Value Range
> $1,319,000 1.6
$989,001 - $1,319,000 2.2
$660,001 - $989,000 28.1
$528,001 - $660,000 26.0
$396,001 - $528,000 26.8
$264,001 - $396,000 7.4
$132,001 - $264,000 2.0
$66,001 - $132,000 2.1
$0 - $66,000 3.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.62024945833577 32.892998678996

Number Of Homes And Apartments:
14,604

Rent & Ownership

 

Average Market Rent:
$1,566 / per month

Homeownership Rate

Homeownership
Owners 47.06
Renters 52.94
Vacant 4.96

Housing Market Details

 

Age of Homes

AGE OF Rosemead HOMES
2000 or Newer 4.8
1970 - 1999 25.1
1940 - 1969 58.2
1939 or Older 11.9

Types of Homes

TYPE OF Rosemead HOMES
Single-Family 74.4
Townhomes 12.5
Small Apt. Buildings 3.6
Apt. Complexes 7.9
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Rosemead HOMES
No Bedroom 1.35
1 Bedroom 13.73
2 Bedrooms 35.25
3 Bedrooms 33.42
4 Bedrooms 13.70
5 or more bedrooms 2.55

Rosemead 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
164.48% 5.89% 10 10
* 10 is highest