Santa Clarita, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Santa Clarita Neighborhoods Since 2000




Santa Clarita, 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

Santa Clarita Housing Market Information

With 182,371 people, 59,247 houses or apartments, and a median cost of homes of $525,212, real estate costs in Santa Clarita 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 Santa Clarita, accounting for 59.57% of the city's housing units. Other types of housing that are prevalent in Santa Clarita include large apartment complexes or high rise apartments ( 20.21%), row houses and other attached homes ( 11.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Santa Clarita. Owner-occupied housing accounts for 66.82% of Santa Clarita's homes, and 59.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Santa Clarita 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 Santa Clarita built between 1940-1969 ( 19.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.42%).

Santa Clarita Home Appreciation Rates

Santa Clarita's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Santa Clarita during the period has been just -0.87%, which is lower than 70% of US communities.

Appreciation rates are so strong in Santa Clarita that despite a nationwide downturn in the housing market, Santa Clarita real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Clarita appreciation rates continue to be some of the highest in America, at 7.58%, which is higher than appreciation rates in 84.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santa Clarita. Santa Clarita appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Santa Clarita 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 Santa Clarita's latest annual appreciation rate is lower than 50% 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 Santa Clarita differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Clarita - 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 Santa Clarita real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$525,212

Santa Clarita, CA HOME PRICES

Value Range
> $1,300,000 1.9
$975,001 - $1,300,000 3.3
$650,001 - $975,000 20.3
$520,001 - $650,000 22.8
$390,001 - $520,000 24.4
$260,001 - $390,000 13.0
$130,001 - $260,000 7.0
$65,001 - $130,000 3.3
$0 - $65,000 4.0

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.26192429391773 36.5079365079365

Number Of Homes And Apartments:
59,247

Santa Clarita 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
101.19% 4.14% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,161 / per month

Homeownership Rate

Homeownership
Owners 66.82
Renters 33.18
Vacant 3.00

Housing Market Details

 

Age of Homes

AGE OF Santa Clarita HOMES
2000 or Newer 13.4
1970 - 1999 66.8
1940 - 1969 19.0
1939 or Older 0.8

Types of Homes

TYPE OF Santa Clarita HOMES
Single-Family 59.6
Townhomes 11.4
Small Apt. Buildings 5.0
Apt. Complexes 20.2
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Santa Clarita HOMES
No Bedroom 0.64
1 Bedroom 8.67
2 Bedrooms 25.52
3 Bedrooms 35.13
4 Bedrooms 24.30
5 or more bedrooms 5.73