Signal Hill, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Signal Hill Neighborhoods Since 2000




Signal Hill, 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

Signal Hill Housing Market Information

With 11,565 people, 4,010 houses or apartments, and a median cost of homes of $379,273, real estate costs in Signal Hill 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 Signal Hill, accounting for 38.42% of the city's housing units. Other types of housing that are prevalent in Signal Hill include large apartment complexes or high rise apartments ( 36.64%), duplexes, homes converted to apartments or other small apartment buildings ( 12.77%), and a few row houses and other attached homes ( 12.17%).

People in Signal Hill primarily live in small (one, two or no bedroom) single-family detached homes. Signal Hill has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Signal Hill 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 Signal Hill built between 1940-1969 ( 26.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.23%). There's also some housing in Signal Hill built before 1939 ( 7.54%).

Signal Hill Home Appreciation Rates

Signal Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Signal Hill during the period has been just -1.09%, which is lower than 70% of US communities.

Appreciation rates are so strong in Signal Hill that despite a nationwide downturn in the housing market, Signal Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Signal Hill appreciation rates continue to be some of the highest in America, at 6.82%, which is higher than appreciation rates in 80.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Signal Hill. Signal Hill appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Signal Hill 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 Signal Hill's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$379,273

Signal Hill, CA HOME PRICES

Value Range
> $1,241,000 2.4
$931,001 - $1,241,000 6.7
$620,001 - $931,000 19.1
$496,001 - $620,000 11.5
$372,001 - $496,000 25.4
$248,001 - $372,000 18.8
$124,001 - $248,000 7.6
$62,001 - $124,000 0.7
$0 - $62,000 7.8

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
10.4242353216923 56.0846560846561

Number Of Homes And Apartments:
4,010

Signal Hill 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
100.81% 4.12% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,532 / per month

Homeownership Rate

Homeownership
Owners 48.06
Renters 51.94
Vacant 3.72

Housing Market Details

 

Age of Homes

AGE OF Signal Hill HOMES
2000 or Newer 16.2
1970 - 1999 49.8
1940 - 1969 26.4
1939 or Older 7.5

Types of Homes

TYPE OF Signal Hill HOMES
Single-Family 38.4
Townhomes 12.2
Small Apt. Buildings 12.8
Apt. Complexes 36.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Signal Hill HOMES
No Bedroom 0.79
1 Bedroom 15.44
2 Bedrooms 46.72
3 Bedrooms 29.44
4 Bedrooms 6.79
5 or more bedrooms 0.82