Santee, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Santee Neighborhoods Since 2000




Santee, 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

Santee Housing Market Information

With 57,787 people, 19,364 houses or apartments, and a median cost of homes of $465,728, 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 56.11% of the city's housing units. Other types of housing that are prevalent in Santee include large apartment complexes or high rise apartments ( 18.76%), mobile homes or trailers ( 10.73%), and a few row houses and other attached homes ( 8.13%).

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 68.08% of Santee's homes, and 60.60% 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 ( 25.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.33%).

Santee Home Appreciation Rates

Appreciation rates for homes in Santee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.45%, which ranks in the top 50% nationwide. This equates to an annual average Santee house appreciation rate of 0.14%.

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 7.83%, which is higher than appreciation rates in 85.92% 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 1.68%, which equates to an annual appreciation rate of 6.89%.

Importantly, this makes Santee 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 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:
$465,728

Santee, CA HOME PRICES

Value Range
> $1,300,000 0.5
$975,001 - $1,300,000 1.0
$650,001 - $975,000 9.4
$520,001 - $650,000 23.1
$390,001 - $520,000 32.1
$260,001 - $390,000 14.2
$130,001 - $260,000 9.3
$65,001 - $130,000 3.7
$0 - $65,000 6.8

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.91433259111684 44.047619047619

Number Of Homes And Apartments:
19,364

Santee 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
103.77% 4.21% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,960 / per month

Homeownership Rate

Homeownership
Owners 68.08
Renters 31.92
Vacant 4.17

Housing Market Details

 

Age of Homes

AGE OF Santee HOMES
2000 or Newer 10.3
1970 - 1999 63.7
1940 - 1969 25.6
1939 or Older 0.4

Types of Homes

TYPE OF Santee HOMES
Single-Family 56.1
Townhomes 8.1
Small Apt. Buildings 6.3
Apt. Complexes 18.8
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF Santee HOMES
No Bedroom 0.34
1 Bedroom 6.57
2 Bedrooms 29.41
3 Bedrooms 39.57
4 Bedrooms 21.04
5 or more bedrooms 3.08