Running Springs, 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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Running Springs, CA Housing Market Trends

With a population of 5,268, 1,631 total housing units (homes and apartments), and a median house value of $392,016, Running Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Running Springs, accounting for 94.39% of the town's housing units. Other types of housing that are prevalent in Running Springs include row houses and other attached homes ( 3.08%), duplexes, homes converted to apartments or other small apartment buildings ( 2.27%).

Dwellings in Running Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.28% of the homes in Running Springs have two or fewer bedrooms.

There is a lot of housing in Running Springs 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 Running Springs built between 1940-1969 ( 42.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.55%). There's also some housing in Running Springs built before 1939 ( 4.48%).

A decent proportion of the Running Springs housing stock is seasonally occupied. That is, homes and condos in Running Springs are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Running Springs housing market speaks to its popularity as a vacation location of choice.

Running Springs Home Appreciation Rates

In the last 10 years, Running Springs has experienced some of the highest home appreciation rates of any community in the nation. Running Springs real estate appreciated 126.51% over the last ten years, which is an average annual home appreciation rate of 8.52%, putting Running Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Running Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Running Springs that despite a nationwide downturn in the housing market, Running Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Running Springs appreciation rates continue to be some of the highest in America, at 26.35%, which is higher than appreciation rates in 94.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Running Springs. Running Springs appreciation rates in the latest quarter were at 9.36%, which equates to an annual appreciation rate of 43.02%.

Importantly, this makes Running Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Running Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$392,016

Running Springs, CA HOME PRICES

> $1,363,000
1.3%
1.3%
$1,022,001 - $1,363,000
5.6%
5.6%
$681,001 - $1,022,000
6.4%
6.4%
$545,001 - $681,000
3.2%
3.2%
$409,001 - $545,000
21.9%
21.9%
$273,001 - $409,000
31.6%
31.6%
$136,001 - $273,000
20.3%
20.3%
$68,001 - $136,000
2.2%
2.2%
$0 - $68,000
7.4%
7.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
1,631

Running Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
190.63% 4.97%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,970 / per month

Homeownership Rate

Owners
71.6%
71.6%
Renters
28.4%
28.4%
Vacant
54.3%
54.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.5%
5.5%
1970 - 1999
47.9%
47.9%
1940 - 1969
42.1%
42.1%
1939 or Older
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
94.4%
94.4%
Townhomes
3.1%
3.1%
Small Apt. Buildings
2.3%
2.3%
Apt. Complexes
0.0%
0.0%
Mobile Homes
0.0%
0.0%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
9.1%
9.1%
2 Bedrooms
42.4%
42.4%
3 Bedrooms
33.9%
33.9%
4 Bedrooms
11.0%
11.0%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Running Springs

Zip Codes in Running Springs, CA