Santee, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Santee, CA Real Estate Data


Santee Housing Market Information

With a population of 57,787, 19,173 total housing units (homes and apartments), and a median house value of $416,582, real estate costs in Santee 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 Santee, accounting for 56.40% of the city's housing units. Other types of housing that are prevalent in Santee include large apartment complexes or high rise apartments ( 18.65%), mobile homes or trailers ( 11.07%), and a few row houses and other attached homes ( 8.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Santee. Owner-occupied housing accounts for 68.35% of Santee's homes, and 60.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Santee 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 Santee built between 1940-1969 ( 25.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.29%).

Santee Home Appreciation Rates

Real estate appreciation rates in Santee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.46% during the period.

Appreciation rates are so strong in Santee that despite a nationwide downturn in the housing market, Santee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santee appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 80.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santee. Santee appreciation rates in the latest quarter were at 1.81%, which equates to an annual appreciation rate of 7.42%.

Relative to California, our data show that Santee's latest annual appreciation rate is higher 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 Santee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santee - 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 Santee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$416,582

Santee, CA HOME PRICES

Value Range
> $1,327,000 0.2
$996,001 - $1,327,000 0.8
$664,001 - $996,000 7.5
$531,001 - $664,000 19.0
$398,001 - $531,000 35.3
$265,001 - $398,000 15.5
$133,001 - $265,000 10.3
$66,001 - $133,000 3.9
$0 - $66,000 7.5

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.93013995432453 49.9339498018494

Number Of Homes And Apartments:
19,173

Rent & Ownership

 

Average Market Rent:
$1,822 / per month

Homeownership Rate

Homeownership
Owners 68.35
Renters 31.65
Vacant 3.87

Housing Market Details

 

Age of Homes

AGE OF Santee HOMES
2000 or Newer 9.3
1970 - 1999 64.7
1940 - 1969 25.7
1939 or Older 0.3

Types of Homes

TYPE OF Santee HOMES
Single-Family 56.4
Townhomes 8.4
Small Apt. Buildings 5.5
Apt. Complexes 18.6
Mobile Homes 11.1
Other 0.0

Home Size

SIZE OF Santee HOMES
No Bedroom 0.30
1 Bedroom 6.54
2 Bedrooms 30.13
3 Bedrooms 39.54
4 Bedrooms 20.74
5 or more bedrooms 2.75

Santee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2016 Q3
98.42% 4.11% 7 10
* 10 is highest