With a population of 18,026, 4,848 total housing units (homes and apartments), and a median house value of $428,731, real estate costs in Santa Fe Springs 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 Fe Springs, accounting for 64.24% of the city's housing units. Other types of housing that are prevalent in Santa Fe Springs include large apartment complexes or high rise apartments ( 25.65%), row houses and other attached homes ( 4.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.00%).
The most prevalent building size and type in Santa Fe Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.75% owning and 43.25% renting.
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. Santa Fe Springs's housing was primarily built during this period, from the '40s through the '60s. A full 66.21% of the city's housing hails from this era. Other housing ages represented in Santa Fe Springs include homes built between 1970-1999 ( 24.29%) and housing constructed between 2000 and later ( 7.33%). There's also some housing in Santa Fe Springs built before 1939 ( 2.17%).
Santa Fe Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Santa Fe Springs during the period has been just -1.50%, which is lower than 80% of US communities.
Appreciation rates are so strong in Santa Fe Springs that despite a nationwide downturn in the housing market, Santa Fe Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Fe Springs appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 74.71% 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 Fe Springs. Santa Fe Springs 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 Santa Fe Springs'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 Santa Fe Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Fe Springs - 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 Fe Springs real estate investment or home purchase decisions.
|$1,014,001 - $1,351,000||0.8|
|$676,001 - $1,014,000||2.6|
|$541,001 - $676,000||19.3|
|$405,001 - $541,000||39.7|
|$270,001 - $405,000||22.9|
|$135,001 - $270,000||1.9|
|$67,001 - $135,000||3.4|
|$0 - $67,000||9.2|
|Value Relative to Nation||Value Relative to State|
|AGE OF Santa Fe Springs HOMES|
|2000 or Newer||7.3|
|1970 - 1999||24.3|
|1940 - 1969||66.2|
|1939 or Older||2.2|
|TYPE OF Santa Fe Springs HOMES|
|Small Apt. Buildings||4.0|
|SIZE OF Santa Fe Springs HOMES|
|5 or more bedrooms||1.56|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2016 Q3
|* 10 is highest|