Running Springs, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Running Springs Neighborhoods Since 2000




Running Springs, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Running Springs Housing Market Information

With 5,021 people, 1,862 houses or apartments, and a median cost of homes of $299,987, 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 93.60% of the town's housing units. Other types of housing that are prevalent in Running Springs include duplexes, homes converted to apartments or other small apartment buildings ( 3.05%), large apartment complexes or high rise apartments ( 1.83%).

Dwellings in Running Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.44% 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 ( 38.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.36%). There's also some housing in Running Springs built before 1939 ( 7.09%).

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

Homes have actually lost value in Running Springs over the last then years, as home values have seen a decline of 20.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Running Springs home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.

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 6.96%, which is higher than appreciation rates in 81.13% 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 2.02%, which equates to an annual appreciation rate of 8.32%.

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 lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$299,987

Running Springs, CA HOME PRICES

Value Range
> $1,300,000 0.8
$975,001 - $1,300,000 3.7
$650,001 - $975,000 2.7
$520,001 - $650,000 5.0
$390,001 - $520,000 11.7
$260,001 - $390,000 28.2
$130,001 - $260,000 38.2
$65,001 - $130,000 8.3
$0 - $65,000 1.4

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
16.28969881636 66.2698412698413

Number Of Homes And Apartments:
1,862

Running Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
101.61% 4.15% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,507 / per month

Homeownership Rate

Homeownership
Owners 68.31
Renters 31.69
Vacant 50.54

Housing Market Details

 

Age of Homes

AGE OF Running Springs HOMES
2000 or Newer 7.4
1970 - 1999 47.3
1940 - 1969 38.3
1939 or Older 7.1

Types of Homes

TYPE OF Running Springs HOMES
Single-Family 93.6
Townhomes 0.7
Small Apt. Buildings 3.1
Apt. Complexes 1.8
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Running Springs HOMES
No Bedroom 3.32
1 Bedroom 12.08
2 Bedrooms 41.04
3 Bedrooms 33.97
4 Bedrooms 7.92
5 or more bedrooms 1.67