Seal Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Seal Beach Neighborhoods Since 2000




Seal Beach, 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

Seal Beach Housing Market Information

With 24,619 people, 12,498 houses or apartments, and a median cost of homes of $928,639, Seal Beach house prices are not only among the most expensive in California, Seal Beach real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Seal Beach, accounting for 43.72% of the city's housing units. Other types of housing that are prevalent in Seal Beach include single-family detached homes ( 34.05%), row houses and other attached homes ( 14.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.20%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Dwellings in Seal Beach tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 68.93% of the homes in Seal Beach have two or fewer bedrooms.

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. Seal Beach's housing was primarily built during this period, from the '40s through the '60s. A full 72.82% of the city's housing hails from this era. Other housing ages represented in Seal Beach include homes built between 1970-1999 ( 20.33%) and housing constructed between 2000 and later ( 4.27%). There's also some housing in Seal Beach built before 1939 ( 2.57%).

Vacant housing appears to be an issue in Seal Beach. Fully 10.96% of the housing stock is classified as vacant. Left unchecked, vacant Seal Beach homes and apartments can be a drag on the real estate market, holding Seal Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Seal Beach Home Appreciation Rates

Appreciation rates for homes in Seal Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.60%, which ranks in the top 30% nationwide. This equates to an annual average Seal Beach house appreciation rate of 0.92%.

Appreciation rates are so strong in Seal Beach that despite a nationwide downturn in the housing market, Seal Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seal Beach appreciation rates continue to be some of the highest in America, at 7.62%, which is higher than appreciation rates in 84.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seal Beach. Seal Beach appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Seal Beach 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 Seal Beach'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 Seal Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Seal Beach - 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 Seal Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$928,639

Seal Beach, CA HOME PRICES

Value Range
> $1,255,000 18.0
$942,001 - $1,255,000 26.6
$628,001 - $942,000 17.5
$502,001 - $628,000 2.6
$377,001 - $502,000 4.7
$251,001 - $377,000 8.9
$126,001 - $251,000 13.5
$63,001 - $126,000 6.2
$0 - $63,000 2.0

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.27739364818938 13.7566137566138

Number Of Homes And Apartments:
12,498

Seal Beach 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
120.92% 4.70% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,272 / per month

Homeownership Rate

Homeownership
Owners 74.26
Renters 25.74
Vacant 10.96

Housing Market Details

 

Age of Homes

AGE OF Seal Beach HOMES
2000 or Newer 4.3
1970 - 1999 20.3
1940 - 1969 72.8
1939 or Older 2.6

Types of Homes

TYPE OF Seal Beach HOMES
Single-Family 34.0
Townhomes 14.4
Small Apt. Buildings 7.2
Apt. Complexes 43.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Seal Beach HOMES
No Bedroom 2.17
1 Bedroom 22.60
2 Bedrooms 44.17
3 Bedrooms 15.04
4 Bedrooms 12.33
5 or more bedrooms 3.70