San Marino, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating San Marino Neighborhoods Since 2000




San Marino, 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

San Marino Housing Market Information

With 13,464 people, 4,545 houses or apartments, and a median cost of homes of $1,850,702, San Marino house prices are not only among the most expensive in California, San Marino 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 San Marino, accounting for 97.53% of the city's housing units. Other types of housing that are prevalent in San Marino include row houses and other attached homes ( 1.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in San Marino. Owner-occupied housing accounts for 87.77% of San Marino's homes, and 73.58% have either three or four bedrooms, which is average sized relative to America.

The housing in San Marino was primarily built before 1939 ( 50.42%), making the housing stock in San Marino some of the oldest overall in America, although there is a range of ages of homes in San Marino. The next most important housing age is between 1940-1969 ( 41.30%), followed by between 1970-1999 ( 7.42%).

San Marino Home Appreciation Rates

In the last 10 years, San Marino has experienced some of the highest home appreciation rates of any community in the nation. San Marino real estate appreciated 23.35% over the last ten years, which is an average annual home appreciation rate of 2.12%, putting San Marino in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Marino definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, San Marino appreciation rates have trailed the rest of the nation. In the last twelve months, San Marino's appreciation rate has been -3.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Marino were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes San Marino 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 San Marino's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$1,850,702

San Marino, CA HOME PRICES

Value Range
> $1,156,000 80.3
$867,001 - $1,156,000 10.1
$578,001 - $867,000 4.6
$463,001 - $578,000 1.2
$347,001 - $463,000 1.7
$231,001 - $347,000 0.6
$116,001 - $231,000 1.1
$58,001 - $116,000 0.0
$0 - $58,000 0.5

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.228524551740302 3.57142857142857

Number Of Homes And Apartments:
4,545

San Marino 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
148.59% 5.42% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,718 / per month

Homeownership Rate

Homeownership
Owners 87.77
Renters 12.23
Vacant 7.34

Housing Market Details

 

Age of Homes

AGE OF San Marino HOMES
2000 or Newer 0.9
1970 - 1999 7.4
1940 - 1969 41.3
1939 or Older 50.4

Types of Homes

TYPE OF San Marino HOMES
Single-Family 97.5
Townhomes 1.8
Small Apt. Buildings 0.0
Apt. Complexes 0.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF San Marino HOMES
No Bedroom 0.47
1 Bedroom 0.45
2 Bedrooms 10.83
3 Bedrooms 40.33
4 Bedrooms 33.25
5 or more bedrooms 14.68