Simi Valley, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Simi Valley Neighborhoods Since 2000




Simi Valley, CA Real Estate Data


Simi Valley Housing Market Information

With 126,788 people, 41,972 houses or apartments, and a median cost of homes of $520,263, real estate costs in Simi Valley 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 Simi Valley, accounting for 73.11% of the city's housing units. Other types of housing that are prevalent in Simi Valley include large apartment complexes or high rise apartments ( 12.09%), row houses and other attached homes ( 8.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Simi Valley. Owner-occupied housing accounts for 72.91% of Simi Valley's homes, and 66.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Simi Valley 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 Simi Valley built between 1940-1969 ( 32.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.78%).

Simi Valley Home Appreciation Rates

Real estate appreciation rates in Simi Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

Appreciation rates are so strong in Simi Valley that despite a nationwide downturn in the housing market, Simi Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Simi Valley appreciation rates continue to be some of the highest in America, at 7.00%, which is higher than appreciation rates in 80.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Simi Valley. Simi Valley appreciation rates in the latest quarter were at 1.66%, which equates to an annual appreciation rate of 6.79%.

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

Average Home Values

 

Median Home Value:
$520,263

Simi Valley, CA HOME PRICES

Value Range
> $1,249,000 1.3
$937,001 - $1,249,000 6.3
$624,001 - $937,000 25.4
$500,001 - $624,000 27.8
$375,001 - $500,000 23.9
$250,001 - $375,000 7.7
$125,001 - $250,000 3.5
$62,001 - $125,000 1.0
$0 - $62,000 2.4

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.23848587835462 35.7142857142857

Number Of Homes And Apartments:
41,972

Rent & Ownership

 

Average Market Rent:
$2,500 / per month

Homeownership Rate

Homeownership
Owners 72.91
Renters 27.09
Vacant 2.35

Housing Market Details

 

Age of Homes

AGE OF Simi Valley HOMES
2000 or Newer 13.8
1970 - 1999 52.9
1940 - 1969 32.7
1939 or Older 0.6

Types of Homes

TYPE OF Simi Valley HOMES
Single-Family 73.1
Townhomes 8.5
Small Apt. Buildings 4.4
Apt. Complexes 12.1
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Simi Valley HOMES
No Bedroom 1.01
1 Bedroom 6.85
2 Bedrooms 16.29
3 Bedrooms 34.35
4 Bedrooms 31.68
5 or more bedrooms 9.82

Simi Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
97.13% 4.01% 7 10
* 10 is highest